This is an archive of the site as it was in May 2009. Please go to www.rajeshgoli.com/ for latest content.
RajeshGoli.com
- Thoughts on Technology and life...
Reason :: Three simple truths
#1: You are better off doing what you do best even if you are really, really good at everything else.
A CEO is better off hiring a secretary even if he is a very good keeper of appointments and can type really fast. What he does best - hopefully - and thereby what he can do to add most value is CEOing.
#2: You are better off letting someone better do important work for you.
A doctor is better off letting his pilot fly a plane for him and the pilot is better off letting the doctor treat his illness.
#3: If you pore through enough data you'll see patterns that aren't there.
I quote from The intelligent investor for it couldn't have been put better: "If you look at a large quantity of data long enough, a huge number of patterns will emerge-if only by chance. By random luck alone, the companies that produce above-average stock returns will have plenty of things in common. But unless those factors cause the stocks to outperform, they can't be used to predict future returns".
Simple truths often have profound implications.
Created on 30
Search
Articles
Portfolio
Styles
Ads by Google
