Mar

9

"In life the intelligent man looks beyond the immediate effect he desired to produce to the more and more results that are likely to follow and studies them calmly and dispassionately" -Ben Boland, Famous Positions in the Game of Checkers.

Very good advice for the market in establishing a position. What if things go wrong and you are cornered. The roach motel, etc.

Jeff Hirsch writes: 

"Moses Shapiro (of General Instrument) told me: "Son, this is Talmudic wisdom. Always ask the question 'If not?' Few people have good strategies for when their assumptions are wrong." That's the best business advice I ever got."

- John C. Malone (Liberty Media, TCI, Fortune, 2/16/98)


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