July 28, 2010

Business Caution


"No one was ever ruined by taking a profit."
Stock exchange maxim

"Know when to hold 'em, know when to fold 'em."

Kenny Rogers
20th century American entertainer


Boy is this ever true.


And still we (too often) conduct business as though we were in Las Vegas, betting money we could afford to lose.

Partial wins beat full losses every time.

4 comments :

  1. This coming from the original serial entrepreneur???

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  2. Knowing more now about when to "fold 'em" makes me a much better entrepreneur.

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  3. I love the line about Las Vegas. But excessive caution is also a risk.

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  4. You're absolutely right working girl. Just as if not more important than knowing when to "fold 'em" is knowing when to "double down."

    You know, this business thing is pretty tough.

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