Investment and Management Advice
While I'm trying to think of something to say, let me just say some things I've been thinking.
Best Investment Advice
The best investment advice I've heard is from Will Rogers, who advised:
"You buy your stock, and, when it goes up, sell it. If it don't go up, don't buy it."
The next best is the cowboy way:
The best way to double your money is to fold it over and put it back in your pocket.
Best Management Advice
The management advice that resonates with me is paraphrased from Casey Stengel:
You keep the guys that hate your guts away from the guys that are still undecided.
I can't figure out the flaw in the Peter Principle; so maybe there isn't one. Peter's Principle says, roughly, that
People keep getting promoted as long as they do their job competently. They stop getting promoted when they don't do so well, or reach their level of incompetence. Therefore, everyone is incompetent in his current job and should be demoted back to highest level of competency.
The Most Useless Advice
The most useless advice comes from Kenny Rogers:
You've got to know when to hold them and know when to fold them.
Sounds good Kenny, but come on. When do you hold them, and when do you fold them?
Two Things I Don't Understand
I don't understand many things, but here are two of them:
When and why did our Senators and Congressmen decide that bullying the people testifying before them is a cool thing to do?
Why hasn't mark-to-market accounting not been suspended or modified yet? Don't the authorities like low-hanging fruit?
The Cause of Our Financial Crisis
Congress has decided:
The cause of our financial ills is high executive salaries. Executives must be punished by making them drive to Washington in hybrid cars.
