tag:blogger.com,1999:blog-7433443072260359522024-03-13T22:12:04.974-07:00A voice in the wildernessA lone voice against conformity.Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.comBlogger234125tag:blogger.com,1999:blog-743344307226035952.post-42859406866890245152017-09-26T08:55:00.000-07:002017-09-26T08:55:04.000-07:00The only thing necessasry <div class="MsoNormal">
Tuesday, September 26, 2017<o:p></o:p></div>
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I am a child of the 1950s. My most formative years were
between the time I started school in 1951 and graduating high school in 1963.
Those were the years when we learned about the horrors of the holocaust, that
Communism as practiced in Russia had turned into a totalitarian dictatorship
and was not living up to their own ideals.<o:p></o:p></div>
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It’s also where I learned that, while I might not agree with
someone else they had an absolute right to their opinion. I learned that
yelling FIRE in a crowd was not only illegal; it was an abuse of my freedoms. I
learned that my right to swing my arm ended at someone else’s nose. I learned
that in addition to rights I had obligations.<o:p></o:p></div>
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One of those was to register for the draft and if called, to
serve in the military (I served 4 years in the US Army and am a Vietnam veteran) as part of my citizenship. I learned a larger concept of
my country.</div>
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<o:p></o:p></div>
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Not the “Our country! In her intercourse with foreign
nations may she always be in the right; but right or wrong, our country!” of
Stephen Decatur but rather the concept of “My country right or wrong; if right,
to keep her right; and if wrong, to be set right.” attributed to Carl Schurz<o:p></o:p></div>
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The current public brawl over professional athletes not
standing in the “proper” pose during the pre-game playing of the national
anthem is a diversion from the issue. The true issue is what those individuals
are protesting.<o:p></o:p></div>
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The truth is race is still dividing America and Americans
long after we put laws in place that should have cured us of this disease. Yes,
I call it a disease because it’s the indefensible belief that one person is
innately better than another by virtue of their birth.<o:p></o:p></div>
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It is exactly like the ridiculous idea that men are somehow
innately better drivers than women. Right, I’m an excellent driver with over 56
years without an accident. Does anyone really think that being a man somehow
makes me a better driver than Danica Patrick? It’s so demonstrably wrong that
it should be obvious to any thinking person. <o:p></o:p></div>
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The website nationalpardon.org reports that the most common
percentage of Canadians with a criminal record is reported as 10%. While there
are a number of reasons to question that number, I’ll use it just to have some
basis for discussion. If ten percent of any group of people are criminals, then
90% percent of that group ARE NOT!<o:p></o:p></div>
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Ninety percent – the vast majority of the people you meet in
any group are just folks and should be treated as just folks. So the idea that
police need to be wary of every black person is just a thinly disguised
racism.<o:p></o:p></div>
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Going back to my childhood, my father taught me an important
lesson. “If you are a doctor nearly everyone is sick, if you are a policeman
nearly everyone is a criminal.” Why? Because that’s the part of the population
they deal with on a daily basis. He told me “Be careful that you don’t judge
anyone by the few negative examples, find out who this <i style="mso-bidi-font-style: normal;">individual</i> is before you make a decision about them.”<o:p></o:p></div>
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I suspect that most of us learned a similar lesson
somewhere, somehow. Most of us tried to live that ideal and thought that’s all
we could do to try and make the world a better place. Today’s events are
showing us that is not enough.<o:p></o:p></div>
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<span style="background: white; color: #333333; font-size: 16.0pt;">The only thing necessary for the triumph
of evil is for good men to do nothing.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-size: 14.0pt;">Edmund Burke<o:p></o:p></span></div>
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It is long past time for me –if I chose to be a good man –
to do something. I don’t know what I, as one small man, can do but; I must do
something. Maybe all I can do is write things like this in the hope that you,
reading this, will also “do something” to help. Maybe all I can do is pay more
attention how I treat the people I meet on a daily basis. I just don’t know. <o:p></o:p></div>
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But this I do know I am being called to start today and I am
asking you to help.<o:p></o:p></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com1tag:blogger.com,1999:blog-743344307226035952.post-4264156524222676192016-05-16T10:14:00.000-07:002016-05-16T10:14:14.006-07:00Curating <div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
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<span style="font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">Most of us have no idea what the word <u>curating</u> means
so I looked it up and found the following definition: <i style="mso-bidi-font-style: normal;">to pull together, sift through, and select for presentation, as music
or website content: “We curate our merchandise with a sharp eye for trending
fashion,” the store manager explained.</i><o:p></o:p></span></div>
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<span style="font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">It’s the kind of thing Amazon does with
targeted advertising when they track your shopping history to send you ads
related to the kinds of products you have either bought in the past or looked
at on their site. I’ve noticed recently that my Google searches are starting to
show ads for more things that I have shopped for as well. For most people
that’s a good thing. If I was searching for extra wide shoes (I wear a 4E width
and those are very hard to find in my local stores) I will see ads for wide
shoes when I make my next search on Google. Even if I’m now searching for
hardware for my vintage trailer, those shoe ads will continue until I do enough
searches for some other item.<o:p></o:p></span></div>
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<span style="font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">There is a movement to do the same thing with
your news feeds. The concept is that if you read articles about the latest
presidential candidates then you'd like to read more articles about them. That
actually sounds like a pretty good service, right? The scary part is that if
you begin to focus on just one candidate that same system may focus its future
recommendations on that one candidate as well. This naturally narrows your
reading to what your “curation” software is spoon-feeding you. It's kind of
like limiting your social interactions to just the people you know.<o:p></o:p></span></div>
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<span style="font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">This kind of curation is different from a
television news show. The new show has a large and varied audience that has
equally varied tastes, so it presents a collection of unrelated news stories.
Some of them are very interesting to you while others not so much, BUT if you
watch the whole half hour report you get a range of information about a variety
of subjects. In other words a well rounded view of what is happening. If on the
other hand you only listen to a news station that reports on a narrow range of
topics from a single view point you don’t’ get fresh ideas. Most of us
know that guy at the gym or office that only listens to the extreme political
talk show; whose entire world is bounded by a single view. The one who is
always talking conspiracy theories and never accepts that sometimes it’s not a
conspiracy it’s just a coincidence?<o:p></o:p></span></div>
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<span style="font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">I currently use a news aggregator that requires
me to manually add new feeds and doesn’t look at what I am currently reading
and make recommendations about similar sources. I like it that way because I
prefer an eclectic collection of sources so I get a broad range of subjects and
viewpoints. I know people who look at a number of different sources:
newspapers, radio, internet websites, and even al jazeera america. <o:p></o:p></span></div>
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<span style="font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">Dudley Field Malone was <span style="color: #151515;">co-counsel for the defense of </span>John T. Scopes<span style="color: #151515;"> in the famous </span>"Monkey Trial".<span style="color: #151515;"> In response to William Jennings Bryan's argument
against admitting scientific testimony, Malone gave arguably the best speech of
the trial in defense of academic freedom. "I have never learned anything
from any man who agreed with me," was one of his famous quotes. </span><span style="color: #1d1d1d;">In exactly the same way your world of ideas can be
circumscribed and limited by software that tries to show you more information
that supports or is like what you are already reading. Fresh and new ideas that
challenge your existing concepts and accepted wisdom are the food of
intellectual thought. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1d1d1d; font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">Yes, after you read an opposing viewpoint
you may well decide that you were right the first time. Unless you continually
challenge what you think you know how you can grow and learn.<o:p></o:p></span></div>
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<span style="color: #1d1d1d; font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">Sitting in a classroom being
presented with new facts or viewpoints, all of us have experienced the awakening
that new information gives us. That moment when we think “Oh, if that’s true
then this is true too! I never thought about it like that before.”<o:p></o:p></span></div>
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<span style="color: #1d1d1d; font-family: Helvetica; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">If you accept the software driven
news aggregators you may well find your intellectual boundaries becoming
smaller and more homogenous with little new or thought provoking ideas.</span><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-75608105871834824642015-08-30T11:32:00.001-07:002020-06-05T16:17:24.108-07:00Link to InvestorsHere is a link to my writing parter's reprint of an article we wrote a few years ago. Given the state of the stock market over the last couple of weeks, it still seems timely. <a href="http://profitatanyprice.blogspot.com/2015/08/investors-by-allen-laudenslager-bryan.html" target="_blank">investors by Allen and Bryan</a>Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-58888099508874148222015-08-12T06:28:00.001-07:002015-08-12T06:28:54.982-07:00Priming the pump<div class="MsoNormal">
<span style="font-family: Times, Times New Roman, serif;">The world economy grew, in per capita terms, at over 3 per
cent during the 1960s and 70s but since the 1980s it has been growing at the
rate of 1.4 per cent per year (1980–2009).<o:p></o:p></span></div>
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<span style="font-family: Times, Times New Roman, serif;">Despite rising inequality since the 1980s investment as a
ratio of national output has fallen in all G7 economies (the US, Japan,
Germany, the UK, Italy, France and Canada) and in most developing countries<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Times, Times New Roman, serif;">According to the Economic Policy Institute the top 10 per cent of the US
population appropriated 91 per cent of income growth between 1989 and 2006,
while the top 1 per cent took 59 per cent.<o:p></o:p></span></div>
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<span style="font-family: Times, Times New Roman, serif;">In
other words, we need the electric pump of the welfare state to make the water
at the top trickle down in any significant quantity.</span>Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-58130554840047426702015-08-05T07:38:00.000-07:002020-06-05T16:19:30.413-07:00This thing is broke!<!--[if gte mso 9]><xml>
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<o:p></o:p></div>
<div class="MsoListParagraph" style="margin-left: .25in; mso-add-space: auto; mso-pagination: widow-orphan lines-together; text-align: justify; text-justify: inter-ideograph;">
At one point in my carrier I was managing a contract repair facility for an
Army training system for the Viper light anti-tank weapon. When I first got to the
field site there were lots of complaints that the Viper training system didn’t
work.<br />
<br />
After finding almost every trainer turned in tagged as not working passed all
the functional tests and did in fact work properly, I discovered that the
method of sighting the device to the laser transmitter was very crude and
inaccurate. The real problem was that the system was not shooting where the
sights were aimed.<br />
<br />
I made a cradle that held the device on a precision fixture used for aligning
the optics of a different training device and aimed it at a field test device
that indicated how much higher or lower and left or right the laser was
pointed. <br />
<br />
Once the tester read “0 by 0” the sight decal could be applied and the system
did indeed shoot where it was aimed and the complaints stopped. Well, sort of
stopped. They stopped at my field site but since we were a training center,
troops from many other Army posts came to us for training. When they returned
home the questions of why that same trainer could get simulated kills at my
site but not at their home station became an issue.<br />
<br />
The real lesson was that the customer thought the training device was not working
when in fact the laser was working fine, just not aiming where the operator
intended. Listen to your customer for symptoms but not necessarily for causes
and they become a <u>valued</u> part of your troubleshooting process.<o:p></o:p></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-60097752579605286322015-07-21T06:18:00.003-07:002018-08-07T06:12:58.178-07:00Turning failure into success<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">I found an article on my blog reader “Feedly” that was
about how to turn disappointment into success and it was more of the useless
pap that people who have no clue how to actually turn that disappointment into
success spew out.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">They broke the things that happen down into 4 basic
groups:<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="margin-left: .15in; mso-layout-grid-align: none; mso-list: l0 level1 lfo1; mso-pagination: none; tab-stops: 11.0pt .5in; text-autospace: none; text-indent: -.15in;">
<!--[if !supportLists]--><span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica; mso-fareast-font-family: Helvetica;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">A desired outcome does not occur.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .15in; mso-layout-grid-align: none; mso-list: l0 level1 lfo1; mso-pagination: none; tab-stops: 11.0pt .5in; text-autospace: none; text-indent: -.15in;">
<!--[if !supportLists]--><span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica; mso-fareast-font-family: Helvetica;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">A desired outcome does occur but does not produce the
feelings or results we expected.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .15in; mso-layout-grid-align: none; mso-list: l0 level1 lfo1; mso-pagination: none; tab-stops: 11.0pt .5in; text-autospace: none; text-indent: -.15in;">
<!--[if !supportLists]--><span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica; mso-fareast-font-family: Helvetica;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">Our personal and/or professional expectations are
unmet by ourselves or another.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .15in; mso-layout-grid-align: none; mso-list: l0 level1 lfo1; mso-pagination: none; tab-stops: 11.0pt .5in; text-autospace: none; text-indent: -.15in;">
<!--[if !supportLists]--><span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica; mso-fareast-font-family: Helvetica;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">An undesired, unexpected event occurs that is in
conflict with what we wanted or planned.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">All of the definitions are spot on except for the
third one “Our personal and/or professional expectations are unmet by ourselves
or another”. It is wrong because success and failure are not about my expectations
it’s about accomplishing or not accomplishing the task at hand.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">The article then explained that; “What makes these
unwanted surprises even harder to accept is our attachment to the way we
expected things to go”.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">Nonsense! What makes these unwanted surprises hard to
except is that you didn’t get the result you PLANNED and WORKED VERY HARD for.
When you plant some flowers and they don’t grow you are disappointed because
you did all the work, expended all that effort and no flowers.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">Turning failure (no flowers) into success (flowers) is
very different from changing your attitude about no flowers, yet everything I
read and everything people say about turning failure into success is about
attitude.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
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<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">When you apply for a job, success is getting the job
and failure is not getting the job. Turning failure into success is about not
getting that particular job and then finding a way to actually get that same job.
Finding a different job is not turning that failure into success it is creating
a new and different success.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">While that new success may solve the problem of no job
you can’t pretend that you turned the first failure into success.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">No one plants flowers without the expectation that
they will bloom and you will see the pretty flowers. The flowers blooming is why
you plant flowers in the first place. If they don’t bloom you might plant a new
batch of seed and try again. That’s not turning failure into success, that’s
properly called starting over.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">I can feel bad about the failure, accept that it’s
just what happened and start over or pick a new direction and my attitude can
help me do all of that. Mistaking a new beginning for success is self-delusion.
<o:p></o:p></span></div>
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<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #393939; font-family: "helvetica"; mso-bidi-font-family: Helvetica;">Reviewing what happened and figuring out what you
might have done wrong so you can correct for it or not make the same mistake
again is a real and necessary part of growing your abilities. It’s also
possible to discover a way to fix whatever failed the first time and actually
turn that failure into success. For example you are driving to a meeting and
get a flat. Your trip is stopped and that’s a failure. Putting on the spare
tire is turning that failure (that one unique stoppage) into success only if
you get to your original destination on time.<o:p></o:p></span></div>
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<div class="MsoNormal">
<span style="font-family: "helvetica";">Any real advice about turning
failure into success must explain how to get the original, desired result. All
the advice about attitude is about accepting that different result (no flowers)
as positive and while that will certainly help you get over the disappointment
and that’s a good thing; it is very different than changing the no flowers into
flowers.<o:p></o:p></span></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com1tag:blogger.com,1999:blog-743344307226035952.post-21692157763746248732015-07-15T06:44:00.004-07:002015-07-15T06:44:26.411-07:00Utopia<div class="MsoNormal">
In many science fiction stores automation nearly always led to greater
material possessions AND more leisure time for the average person. This view
was predicated on the savings created by more production with less effort being
equally shared between all levels of society. So what happened to this utopian
view of the future? Simple really, the stories author’s forgot that there is no
inherent reason for the people who can keep that wealth to themselves to share
with anyone else.<o:p></o:p></div>
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<br /></div>
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The business owner will always, out of self-interest,
attempt to keep as much of the profits for herself as she can. And in their
defense, why not? Their efforts in financing the automation, their foresight in
making that investment created the ability to make more with less effort.<o:p></o:p></div>
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<br /></div>
<div class="MsoNormal">
The one little problem with the idea that the business owner
should keep as much of the profits as possible is that any money he pays his
employees gets spent to buy the things those employees need to live or to
increase their standard of living. That money goes out to other people and ends
up coming back as people buying the goods or services of the original company.<o:p></o:p></div>
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<br /></div>
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The more you keep the less your potential customers have to
spend with you.<o:p></o:p></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com1tag:blogger.com,1999:blog-743344307226035952.post-83560677613378830542015-06-17T06:35:00.000-07:002018-08-07T06:16:34.370-07:00Selffulfilling Prophecies.<div class="MsoNormal">
<span style="mso-bidi-font-size: 10.0pt;">The Southern Poverty
Law Center published (6/15/15) an article called </span>“<span style="mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">The
Criminalization of Black Children in McKinney, Texas, and schools across
America” </span><span style="mso-bidi-font-size: 10.0pt;">about the police and
teenage African Americans that said in part: </span><i style="mso-bidi-font-style: normal;"><span style="mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">This brand of “justice” for schoolchildren is anything but
colorblind. Study after study show that black children are treated far more
harshly than white kids. And the racial disparity has grown dramatically over
the past four decades, a period that roughly coincides with the integration of
public schools.</span><o:p></o:p></i></div>
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<br /></div>
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<span style="color: #10131a; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">I did a Google
search and found that in 2008, state and local law enforcement agencies
employed more than 1.1 million persons on a full-time basis, including about
765,000 sworn personnel (defined as those with general arrest powers). </span><span style="color: #10131a;">Out of over 700,000
sworn officers, only a few actually act like this. </span></div>
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<span style="color: #10131a;"><br /></span></div>
<div class="MsoNormal">
<span style="color: #10131a;">The question is how many
times does it take for black teenagers to distrust ALL police and become
argumentative and aggressive when confronted? I am a 70 old white, Vietnam
veteran who plays by the rules so I don’t have many interactions with the
police. In fact most are traffic violations and my license, registration and
proof of insurance are ALWAYS in good order so there is little to discuss
beyond the immediate question of was I really speeding or did I really run a
red light.</span></div>
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<br /></div>
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<span style="color: #10131a; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">In the few
interactions I have had with the police, I have noticed that there is a serious
spread in how I am treated. Many times the officer will be so focused on
“achieving and maintaining command presence” that he (yes - generally a man) will
be rude and discourteous. If they will be confrontational and discourteous to
me, I can only imagine how bad they would treat a typical teenager. Couple a typical teenager's
attitude </span><span style="color: #10131a;">(including me when I was 16) </span><span style="color: #10131a;">and the distrust of blacks for the police that has built up for many
years and we shouldn’t be surprised that black teenagers automatically assume
the cops are out to get them.</span></div>
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<br /></div>
<div class="MsoNormal">
<span style="color: #10131a; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">During the Rodney
King beating in LA, the then police chef Darrel Gates said that he didn’t pay
his officers to get down in the mud with the likes of Rodney King. It stuck me
at the time that “getting down in the mud” is exactly what we pay them for. To
get down in the mud instead of beating anyone like a piñata.<o:p></o:p></span></div>
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<br /></div>
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<span style="color: #10131a; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">If I, as a citizen,
am expected to trust someone out on the street with a gun and the authority we
grant to police, I have to be able to trust them to make good judgment calls
between a real, dangerous criminal and a teenager acting like a teenager. If
any individual officer can’t make that call when under the stress of the
situation, do I really want them out on my streets?<o:p></o:p></span></div>
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<br /></div>
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<span style="color: #10131a; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">Remember that the
police are supposed to be our representatives. Do you really want your representative
acting like this?<o:p></o:p></span></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-42670767563258898382015-06-09T06:47:00.001-07:002018-08-07T06:24:34.980-07:00Why should you have an internal mastermind group?While it’s comforting to just collect your senior management
around you for meetings it’s also limiting.<br />
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<o:p></o:p></div>
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<br /></div>
<div class="MsoNormal">
Just because you worked a job 10 years ago doesn’t
automatically mean that remember the subtle details of the work or that you
will know about the changes or new ideas that have happened in the last 10 years.<o:p></o:p></div>
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<br /></div>
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A mastermind group should be people from both your industry
and outsiders who can help you both create new ideas and develop plans to
execute the best of those new ideas. You may need more than one group, one for
new product ideas, one for manufacturing, one for finance, etc.<o:p></o:p></div>
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<br /></div>
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You have that mastermind group because bitter experience
(yours or someone else’s) has taught you that you are not an expert in all the
things you need to know to run your business. Some of that may be interest and not
ability. You could learn all the information to fix your car yourself, but
would rather spend your time growing your business and developing new products or
fixing your car? Most of us just hire a mechanic.<o:p></o:p></div>
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<br /></div>
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The janitor’s hobby of flying radio control airplanes may
have exposed him to a great advertising campaign that could help you, when
suitably modified to your particular product by the marketing department. Or
maybe that idea will be from finance guy with a new way of financing R&D.<o:p></o:p></div>
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<br /></div>
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Whatever that new idea, having a collection of advisers with varied
backgrounds will provide you with a huge collection of new ideas to draw on.
Not all of them will be winners, but as Benjamin Franklin said: Insanity is
doing the same thing the same way and expecting different results.<o:p></o:p></div>
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Drawing on the same restricted pool of thinkers will always
result in the same restricted views.<o:p></o:p></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-21335969257938289632015-05-12T10:36:00.001-07:002015-05-12T10:36:49.995-07:00Outside your control<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #333332; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The following was co-written with my writing partner Bryan Neva (http://profitatanyprice.blogspot.com/)</span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #333332; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #333332; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">When I was in the army , an old time sergeant said “You either control your environment or it controls you” and like many young inexperienced trainees, I bought into that concept. Unfortunately, it has caused me untold frustration both at work and in my personal life. With age and experience, I came to realize that there are circumstances outside my control and that many times they are completely outside my power to control. This is the central teaching of both Stoic Philosophy and Buddhism: that there are things under your control and things outside of your control, and if you really think hard, you’ll realize that the only things absolutely within your control are your own attitudes and behavior. </span></div>
<b id="docs-internal-guid-a20ae899-492d-5473-7915-d65a67d7fb6b" style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #333332; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">I recently read an article that included the following statement: “Blaming others for a situation over which you clearly had a choice is simply shirking responsibility.” </span><span style="background-color: white; color: #222222; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">While it's true that blaming others for situations over which you clearly had a choice is bad for you anytime you do it, there are real situations where outside influences caused the problem for you and recognizing that the cause was really outside your control is the first step in recognizing that it's not YOUR failure that caused the problem. Recognizing the real cause will help you find ways to either fix that outside disturbance or to separate yourself from it.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #222222; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Life basically only offers us three choices: we can Accept things the way they are, we can honestly and constructively try to Change things, or we can Exit. In other words we can ACE it: Accept it, Change it, or Exit. In practice, this is what most people do unconsciously. The 12 step programs phrase it well in their serenity prayer: God, grant me the serenity to accept the things I cannot change, the courage to change the things I can and the wisdom to know the difference.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #222222; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Remember, you are getting wet because it's raining and you can't control the rain. All you can do is continue getting wet (Accept it), put on a raincoat or put up an umbrella (Change it), or come in out of the rain (Exit).</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #222222; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In any organization whether it’s a family, a social group, or a workplace, people will behave badly at times. You might blame yourself asking, “what did I do to upset them or cause their bad behavior?” Regardless of what you did or did not do, how someone chooses to behave is entirely up to them and not you. You can honestly and sincerely try to positively influence other people’s behavior, but you cannot control their behavior. That’s completely up to them. You only can control your response and your behavior. You can choose to be hateful and vindictive, or you can choose to be loving and forgiving - knowing that you too sometimes behave badly.</span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #222222; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: white; color: #222222; font-family: Arial; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">One of the big secrets to life is discovering the difference between what’s inside your control and what is controlled by other people or events. Once you understand what is truly within your control, you can begin to fix the things you can, decide to accept the things you can’t or to exit from the situation. </span></div>
<br /><span style="background-color: white; color: #222222; font-family: Arial; font-size: 13px; vertical-align: baseline; white-space: pre-wrap;">When it gets right down to it, all you can really control is what you do and how you act. Including what you will or will not stick around for.</span>Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-64239128006188111052015-02-27T08:51:00.001-07:002015-02-27T08:51:13.800-07:00Gasoline Prices<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Cost at the pump down by a buck in the last year. My question is where did that buck you are saving come from? Or better still where did that buck go last year that it isn't going this year?</span></div>
<b id="docs-internal-guid-3b480200-cbb8-1168-44cf-6a69aa820c97" style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Fuel in the US is a fascinating product. Unlike many of the things we buy every day there is a long chain of stops between the oil in the ground and the fuel at the pump. With a dozen eggs there is a relatively short supply chain. The chicken “rancher” harvests the eggs and sends them to a wholesaler who delivers them to a market and you buy it from your local grocery store. OK, maybe there is a distribution warehouse in between but the point is there is little change in the eggs between the chicken and the store.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Gasoline on the other hand has a lot more stops. Pump out of the ground and then to a refinery. In many cases the buyer at the well is just a wholesaler and resells to a refiner who resells to a wholesaler who resells to a name brand who resells to a local gas station.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In many cases that local gas station is really a franchise holder for that national brand and is an independent business sell that brand fuel in the same way they sell packs of gum or candy bars.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">With each step in the supply chain, each of those independent businesses add profit. </span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Anyone out there believe that those businesses are selling at a loss at today’s prices? At least for very long? Cheaper not to pump it out of the ground than sell at less than it cost to pump it up, right? Same thing, if I can’t buy it and refine it for more than my cost, I’ll shut down the refinery. If I can’t sell the gas for more than I paid for it, I won’t refill the tanks at my gas station.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">So that buck you are saving was a few pennies profit for each of those steps in the supply chain. Remember they aren't taking a loss so you can save that buck, they are just taking a few cents less profit.</span></div>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Here is the key to learn - all those companies could have survived nicely on a tiny bit less profit last year and boosted the entire economy in the US. All those extra dollars per gallon that the supply chain siphoned off into their bank accounts, could have been spent by consumers on new shirts, TV and all the other things that would employ workers and pay salaries.</span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Okay, that buck alone won't restore the entire US economy - BUT - that same process of siphoning off the last fraction of a percent of profit by every business in the US is locking up huge amounts of capital. Money that could be circulating throughout the rest of the economy and lifting every other person and business out of the current stagnation.</span></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-621664593845116082015-01-20T10:53:00.001-07:002015-01-20T10:53:38.576-07:00Pin the tail on the donkey<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif;">Many of us working with large corporations have IT
departments that are centralized somewhere far removed from where we work.
Getting a computer problem fixed can be an exercise in frustration. Emails that
take hours to be answered, computerized forms that get shunted from problem
group to problem group within IT, all those seeming impediments to getting what
should be a simple permissions issue fixed.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">It’s even more frustrating when I had access last Friday but
no access Monday morning and IT can’t seem to figure out how to restore that
access!<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">One of the biggest stumbling blocks to fixing these systems
is not assigning the cost of my downtime to the actual cause. If we had a charge
number for “computer problem” rather than a generic overhead time card charge number the problems
would get fixed much quicker.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">I call this piece “pin the tail on the donkey” because in
most companies, assigning the cost of unresolved or lengthy computer issues
ends up looking like the child’s game. A computer problem represented by the
paper donkey tacked to the wall and all the people who are trying to get their
computer solved pinning the cost of their down time like that paper tail,
anywhere they can find a place.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<span style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;">Adding a charge number for “computer down time”
as a unique collector would at least allow management to look with some precision
at the real costs of IT issues rather than masking them with charges to generic
overhead or burn project time on unproductive computer down time.</span></span>Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-51451554867493532632014-11-23T21:48:00.002-07:002014-12-01T13:21:32.441-07:00Noblesse Oblige<h3 class="post-title entry-title" itemprop="name" style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 18px; font-weight: normal; margin: 0px; position: relative;">
My writing partner, Bryan, posted this to his blog (<a href="http://profitatanyprice.blogspot.com/2014/11/noblesse-oblige-by-allen-laudenslager.html" target="_blank">Profit at any Price</a>) a couple of days ago and I thought I should repost here too.</h3>
<h3 class="post-title entry-title" itemprop="name" style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 18px; font-weight: normal; margin: 0px; position: relative;">
</h3>
<h3 class="post-title entry-title" itemprop="name" style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 18px; font-weight: normal; margin: 0px; position: relative;">
</h3>
<h3 class="post-title entry-title" itemprop="name" style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 18px; font-weight: normal; margin: 0px; position: relative;">
Noblesse Oblige by Allen Laudenslager and Bryan Neva (March 2013)</h3>
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<div class="post-body entry-content" id="post-body-1946761473925984820" itemprop="description articleBody" style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 15px; line-height: 1.4; position: relative; width: 708px;">
<span style="font-family: Georgia, 'Times New Roman', serif;"><i>This Blog was originally published on <a href="http://www.thoughtleadersllc.com/2013/03/how-power-authority-and-obligation-impact-your-leadership-abilities/#more-8155" style="color: #771100; text-decoration: none;" target="_blank">Thought Leaders</a> on March 13, 2013. </i><i>The longer I work, </i></span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><i>the more I see good people who are promoted into positions of authority in organizations slowly </i></span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><i>give into the temptation of pride and privilege. They forget their obligations and squander the opportunity given them to serve others in their organization and improve the corporate culture. </i></span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />“Noblesse Oblige” is an old French phrase that literally translates as “nobility obligates.” It means that those who have power and authority, or who are privileged, rich or famous have a moral responsibility </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">to display honorable, charitable, and exemplary behavior towards those less fortunate or to those dependent on them.</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />In other words, whoever claims to be noble must conduct themselves nobly. John D. Rockefeller, Jr. summed it up nicely when he said: every right implies a responsibility; every opportunity, an</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">obligation; every possession, a duty.</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />The idea of “Noblesse Oblige” was created out of enlightened self-interest. The nobility had serfs who </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">were dependent on them for land to farm, a place to live and protection from bandits. In medieval </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">times all the land belonged to the nobility; the enlightened noble recognized that while he owned the l</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">and, without someone to plant and harvest the noble had no income. Seeing to the wellbeing of his </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">serfs was his “noble obligation.”</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />The good old days of companies treating their employees as their most valuable assets have been set </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">aside in favor of expecting them to work harder for the same pay and fewer benefits. In place of </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">rewards they’re told they should be glad they still have a job. Corporate management has developed an entitlement mentality (like the old French nobility) by remembering their privileges (power, prestige, perks, and pay) but forgetting their obligations to their employees. So what does this mean for you?</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />Loyalty always starts with the person who has the power and authority and is earned not given. Power </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">is the ability to grant or withhold rewards, and authority is the power to influence the behavior of a </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">person with less power. And there’s no authority without a counterbalancing responsibility.</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />Some use their power and authority altruistically; unfortunately, many others use it capriciously or unfairly. Lord John Acton (1834—1902, British historian and moralist) famously wrote: Power tends to corrupt, and absolute power corrupts absolutely. So what tends to happen is that those in power begin </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">to believe their own press releases and act as if their power is a natural right and their authority is to be unquestioned. After all, they must be right or they wouldn’t have been granted the authority in the first place, right?</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />The key to avoiding falling into the entitlement trap is simply by learning a little good ol’ fashioned humility. Start by walking over to your company’s customer service center and imagine there’s no one there to answer the phones, to take orders or to solve problems. You’re not going to sell anything.</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />Next, walk down to your company’s shipping and receiving department and watch the employees </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">loading and unloading trucks. Now close your eyes and pretend that those workers aren’t there… your products are just sitting on the docks and the trucks are not getting loaded. How much money will you make if you don’t ship your products to customers?</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />It’s easy to think of all these workers as not being important because almost anyone could do these </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">types of jobs. Answering the phones or loading and unloading trucks are cheap but also very critical. </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">In other words, the labor costs are inexpensive but the work is valuable.</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />Now extrapolate these examples out to your entire organization. How much value are all your other employees contributing to your long-term success? Who really produces and who is overhead? </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">Enlightened self-interest should tell you that without workers you’d have no income.</span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;"><br />So while you may not be willing to pay much for a person working in customer service or shipping and receiving, enlightened self-interest should tell you that a relatively low paid employee might be critical </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">to your long-term success and you should begin to treat that worker with the respect their contribution, </span><br />
<span style="font-family: Georgia, 'Times New Roman', serif;">not their cost, deserves.</span></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-35971715729967169542014-10-18T08:32:00.000-07:002014-10-18T08:32:09.675-07:00No man is an island<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">No man is an island</span></div>
<b id="docs-internal-guid-f200e864-23e1-90b4-6b38-1ffadc97806e" style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">No man is an island entire of itself; every man </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">is a piece of the continent, a part of the main; </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">if a clod be washed away by the sea, Europe </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">is the less, as well as if a promontory were, as </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">well as a manor of thy friends or of thine </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">own were; any man's death diminishes me, </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">because I am involved in mankind. </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">And therefore never send to know for whom </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: #333333; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">the bell tolls; it tolls for thee. </span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">John Donne</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">An emotionally satisfying poem, but what the heck does it mean to business? It means that your business, in too many ways to list, depends on the businesses around it and on your suppliers and customers.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">A climate of success helps you to succeed while a climate of collapse makes it much more likely that you will fail. We have uncountable examples of towns that relied on a single economy. The farm and market towns of the midwest that were supported by the small family farms died with the advent of industrial farming. </span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Those large farms were operated by so few workers that all those support business that made the town exist weren’t needed.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">We know of cases where small stores closed thru loss of business diverted to big box stores. Part of the problem is that the profits from a local store tend to stay in the community while the profits from big box stores tend to be aggregated in the financial centers of big cities.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">This phenomenon constitutes a cash drain that eventually strips that small town of its cash and unless there is a constant influx of fresh cash then the community goes broke and the residents leave for richer ground. </span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">If the cash is in the financial centers then that is where the cash gets spent and that’s where the jobs are. As the people collect where the money is those small towns slowly die out. Just like the gold rush ghost towns when the gold ran out.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">We are witnessing the same thing on a national scale. As more and more products are made in far flung places the cash is being transferred from the developed nations to the developing.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The key here is that people who don’t have jobs can’t buy your product no matter how cheaply you can make it.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">I can buy a life jacket for around 12 bucks but what is its value? If I don’t go out on the water I wouldn’t buy it at any price. When the boat sinks I might pay $100 for that same life jacket. If I don’t have even a single dollar, then I CAN’T buy that life jacket even if the boat is sinking under me.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The point to all this is that if you minimize your workers profits to maximize your own, then they have less to spend with you. While it’s true your workers can’t buy enough of your product to keep you in business that money does circulate.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">If your workers can’t buy from the local burger stand, the people who work in the burger joint can’t buy your washing machine or dish soap.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Every job you and your industry transfer to some far-away factory is one less local customer for your product. And when that transfer is to chase that last fraction of a percent of profit but is making your potential customer base smaller, are you really coming out ahead?</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Once again, you are absolutely correct when you say that your business can’t make that big a difference and by yourself you are right. Add your choices to all the others making the same kind of decision and we have the current lingering recession.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Living proof that recessions are self-generated self-fulfilling phenomenon. If business cut employees and/or salary/benefit packages than employees spend less and there are fewer sales.</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Reminds me of an old Kingston Trio song, Desert Pete:</span></div>
<b style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">“You’ve got to prime the pump, </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">you’ve got to have faith and believe</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">You’ve got to give of yourself </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">before you’re ready to receive.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Drink all the water you can hold, </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">wash your face, cool your feet,</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Leave the bottle full for others, </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt; text-align: center;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Thank you kindly, Desert Pete”</span></div>
<br />Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-19489623925567290772014-10-07T07:25:00.002-07:002014-10-07T07:25:38.282-07:00Bitcoin<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">Bitcoin is a full on fiat currency supported only by the
user’s faith that someone else will accept it at what they paid for it. Looked
at one way it is a fraud since there it has no intrinsic value supporting it.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">In another sense it has exactly the same value as an
ounce of gold. The trust that someone else will accept the value and exchange
it for something we both agree is an equal value.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">I remember once when I was about 13 (1958) and traveling
with my parents, we stopped for gas in a small town in western Pennsylvania
where my father tried to use an American Express Traveler’s Check. That was a
matter of trust - this small town gas station had never seen one and didn’t
know if he could trust it or not. He did know and expect that he could trust a
5 or 10 or 20 dollar bill!<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">Back to that ounce of gold you trust so much. In the
depths of antiquity certain types of sea shells drilled and strung like beads
were a medium of exchange. They were rare and hard to get, at least far from
the coast, and people accepted them in return for goods and services. As travel
became easier and the shells lost their rarity they were supplanted by other
mediums. Iron, copper, silver and gold coins for a long time were the standard
and later were replaced by paper that could be exchanged for set amounts of the
actual metal.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial, sans-serif; font-size: small;"><span style="line-height: 115%;">Gold, silver or any other metal has only the value we
give it. Each of these has a use in </span></span><span style="font-family: Arial, sans-serif;"><span style="line-height: 18.3999996185303px;">manufacturing</span></span><span style="font-family: Arial, sans-serif; font-size: small;"><span style="line-height: 115%;">. You can build things from iron
and steel or even copper. Gold and silver have industrial uses beyond their use
in jewelry. But if you are in the wilderness, and need a meal, that ounce of
gold will not feed you unless someone else has food AND is willing to exchange
that food for the gold.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">So why might they give up an immediately useful thing
like a meal for an immediately useless thing like an ounce of gold? Because
they trust that someone else, somewhere else will want to trade what they have
for that ounce of gold. So in a very real sense, that gold relies on exactly
the same “value” that a Bitcoin does - trust!<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">For good or ill, Bitcoin is now a permanent part of the
financial landscape and will be a permanent part in some
form or another from now on. So before you start wailing and moaning about
Bitcoin being worthless and the ultimate fiat currency; remember that it rests
on the same foundation as gold, US dollars or a can of soup. We expect that
someone else will accept gold or soup as unit of storage of value. And that
they will be willing trade whatever they have for that gold, US dollar or can
of soup.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<br />
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">If you think this is a new concept think about this, </span><span style="background: white; color: #252525; font-family: Arial, sans-serif; font-size: 16px; line-height: 18.3999996185303px;">approximately 800 years ago </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 115%;">St. Thomas Aquinas </span><span style="background: white; color: #252525; font-family: Arial, sans-serif; font-size: 12pt; line-height: 115%;">said “Men
could not live with one another if there were not mutual confidence that they
were being truthful to one another”.</span></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-68393822203550689972014-08-28T04:32:00.002-07:002014-08-28T04:32:50.255-07:00Why the experts aren't helping<div class="MsoNormal" style="margin-bottom: 6.0pt; mso-margin-top-alt: auto;">
<span style="mso-bidi-font-family: Arial-BoldMT; mso-bidi-font-size: 18.0pt; mso-bidi-font-weight: bold; mso-bidi-language: EN-US;">In August of 2009, the CNN web page ran an
article titled “How to get a job in 100 worlds or less. In almost every case
the professional career consultants gave advice that presumed the candidate had
skills that very few real life candidates have.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 6.0pt; mso-margin-top-alt: auto;">
<span style="mso-bidi-font-family: Arial-BoldMT; mso-bidi-font-size: 18.0pt; mso-bidi-font-weight: bold; mso-bidi-language: EN-US;">These 7 people gave great advice. The problem
is that they gave half the advice – strong on what and short on how! While the
article was written to be short and fast, the very structure of the article
causes more problems than it solves. Since it is written in the expectation
that the reader can actually use the suggestions, when the unprepared reader
bumps up against the reality of their own limited abilities they are left more
discouraged than before they read the article.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 6.0pt; mso-margin-top-alt: auto;">
<span style="mso-bidi-font-family: Arial-BoldMT; mso-bidi-font-size: 18.0pt; mso-bidi-font-weight: bold; mso-bidi-language: EN-US;">Each of you reading this article, by the very
fact of taking the time to read this article, are outliers. You are not
“average”. If your response to what I am saying is “learn those skills” it’s
because by nature or education you’ve gone that one step farther than most
people either know how to go or have been taught to go.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 6.0pt; mso-margin-top-alt: auto;">
<span style="mso-bidi-font-family: Arial-BoldMT; mso-bidi-font-size: 18.0pt; mso-bidi-font-weight: bold; mso-bidi-language: EN-US;">My point is that you cannot apply your
standards for yourself to those poor souls who are floundering in their job
search.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 6.0pt; mso-margin-top-alt: auto;">
The key
to economic recovery is people working at well paying jobs. Working people with
good salaries have money to buy stuff and companies need them as customers to
survive. The out-of-work people need help do each of the following:<o:p></o:p></div>
<ol start="1" type="1">
<li class="MsoNormal" style="margin-bottom: 6.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto; tab-stops: list .5in;">Not just discovering
companies that <i style="mso-bidi-font-style: normal;">migh</i>t use their
skills, but companies that need those exact skills AND have a current
opening. This is key because having exactly the right skills, presented in
exactly the right way on Monday is worthless if the job closed on the
preceding Friday or doesn’t open until the following Monday.<o:p></o:p></li>
<li class="MsoNormal" style="margin-bottom: 6.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto; tab-stops: list .5in;">Help analyzing job
requirements and matching them to their own skills. A lot of people have
to change career fields in today’s market and have great skills that will
crossover to other industries or jobs. Since their expertise is in the
work they do and not in marketing their own skills, most won’t know how to
discover or explain how their skills crossover into the new fields and
industries.<o:p></o:p></li>
<li class="MsoNormal" style="margin-bottom: 6.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto; tab-stops: list .5in;">Help tailoring their resume
to showcase how their skills match the job requirements. Most people try
to write a resume only once every few years and thus are not very good at
succinctly explaining their skills and abilities. Most people don’t have
enough practice to tailor their resume to showcase their crossover skills.<o:p></o:p></li>
<li class="MsoNormal" style="margin-bottom: 6.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto; tab-stops: list .5in;">Access to a wider set of contacts
and information about which companies have current openings and whom to
contact, by name. The helper must become the referrer. The vast majority
of jobs don’t naturally build large networks In fact; most workers don’t
have networks and don’t know how to build them.<o:p></o:p></li>
<li class="MsoNormal" style="margin-bottom: 6.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto; tab-stops: list .5in;">Lastly the HR people must
learn that many of the best candidates are not and need not be the best
professional job seekers. Unless job search skills are job performance
skills, the candidates that have the best job search skills are not really
professional engineers or clerks or whatever; they are professional job
seekers and once they start work, they will immediately start looking for
their next job.<o:p></o:p></li>
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Before
you say: “Hire one of the companies in this article to teach you and to supply
the contacts you need.” Remember you are talking to someone who has just lost
his or her job, thus has no income and really can’t afford to pay for
professional help. These kinds of support are what the state unemployment
offices should be supplying and rarely if ever actually deliver.<o:p></o:p></div>
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<span style="mso-bidi-font-family: Arial-BoldMT; mso-bidi-font-size: 18.0pt; mso-bidi-font-weight: bold; mso-bidi-language: EN-US;">The solution will come from one of two
sources. Either from someone within the system who recognizes the deficiencies
and has the authority to make the necessary changes, plus access to the funds
to pay for the extra resources. The other possible source is some “genius”
outsider who can disrupt the existing process in some unexpected way.<o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Arial-BoldMT; mso-bidi-font-size: 18.0pt; mso-bidi-font-weight: bold; mso-bidi-language: EN-US;">Since genius is where (and when) you find it,
the most likely solution will be a slow process of small changes within the
system as lone individuals discover ways to place one candidate at a time and
try to formalize the things that work.<o:p></o:p></span></div>
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<!--StartFragment-->
<span style="font-family: "Times New Roman"; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: Arial-BoldMT; mso-bidi-font-size: 18.0pt; mso-bidi-font-weight: bold; mso-bidi-language: EN-US; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">Don't just toss this aside as just another rant. Remember that defining the problem is always the first step in solving it.w </span><!--EndFragment-->Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-83338428652851691742014-08-19T07:39:00.001-07:002014-08-19T07:39:43.688-07:00<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Startups</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Startups are fundamentally different from anything else you can do in business. </span></div>
<b id="docs-internal-guid-477bd61e-eeb2-f5c0-b32e-db640e0ed9f4" style="font-weight: normal;"><br /></b>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In many ways a starting a company is just like raising a child. Everything is for the first time - new and untried. No matter how much experience the people have designing the product or servicing the customer; with a startup it’s still the first time that particular task has ever been done with those people in exactly that way.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Just as an established company has to build a relationship and reputation with a new customer, a new company has to build a relationship and reputation with every customer. An established company has staff interrelationships that are just being built in a startup and will inevitably impact how and how well those people work together.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Every new product or service will have problems to solve. Just think about the last time you bought a new TV or a new car. You had a learning curve just to figure out how to set the clock or the date since every TV or car has a slightly different procedure.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">An established company has processes and procedures for most of its day-to-day operations. A policy for handling customer complaints and refunds, and a set dollar amount that the service person is authorized to spend without asking permission and so on.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The first key lesson for a startup to learn comes from the French philosopher Rene Descartes – Each problem that I solved became a rule, which served afterwards to solve other problems.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The takeaway from this is for you to keep close track of problems and successes to develop processes, procedures and guidelines to deal with future issues. This deceptively simple practice is the key to scaling your business and allowing you to add staff without losing the very things that set you apart from the competition.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Every startup begins with an idea and that must be turned into a plan to actually create a product or to deliver a service. Depending on the business that plan might be very simple or complex but just like planning a trip to the grocery store without a list you end up forgetting the lunchmeat!</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">While a better plan generally leads to better results, its far too easy for you to get caught up in trying to write the perfect plan and to account for every possibility, leading to the well known “analysis paralysis”.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The second key lesson for a start up is - A good plan implemented today is better than a perfect plan implemented tomorrow.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="font-family: Arial, Helvetica, sans-serif;">George Patton</span></span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Your takeaway this time is that while you must do enough planning to know were to start, what you need to start with and where you are going, you should start actually doing something as soon as practical. Just like that mythical trip to the grocery store I mentioned earlier, you can always add or subtract items from the during your shopping trip, but start filling your cart!</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Reading the startup advice in most business magazines you will see the reoccurring theme to not let finance hold you back. While this is good advice in the main you still need some cash to get started.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">I can start a ditch digging service with a car or truck (or a bus ticket) to get to the job and a $15 shovel. Without that transportation and the shovel I can’t start a ditch digging business! I specifically chose a ditch digging business since the cost of tools is just about as low as you can get, but as you can see there is a minimum you need to get started.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">How many times have you seen a need for a service or product that you’ve thought “I could make a lot of money building that or doing that for that customer”? In looking at exactly how you could make the product or deliver the service you find that you need some cash up front to buy the raw materials and tools to actually build the product or deliver the service (and by the way feed yourself till you get paid) and decide that you just don’t have the cash to make it work?</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Most of us have shelved the idea and moved on looking for something we can do with the resources we already have or use what we do have to get a sample together to get more funding.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Its OK to look for opportunities within your budget or skill set, it is also OK to look for ways to expand your budget or acquire new skills but to you really only have those two choices. My business experience has taught me that more ideas fail for lack of funding than funding is wasted on bad ideas.</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The key to places like Silicon Valley and Austin, Texas is not the universities that turn out educated people, although that helps, Its not the co-location of research and development branches of big businesses although that helps too. The “secret sauce” is the people willing to risk their cash on new ideas!</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<span style="font-family: Arial; font-size: 15px; vertical-align: baseline; white-space: pre-wrap;">The last takeaway is that you should never saddle yourself with so much debt that you lose control; but never borrow just enough to give yourself a case of the shorts. You've got to have enough cash to finish!</span>Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-22638761746590939802014-07-20T16:13:00.002-07:002014-07-20T16:13:25.697-07:00Economics 101My writing partner Bryan just posted our latest article on his blog <a href="http://profitatanyprice.blogspot.com/2014/07/economics-101-why-us-is-in-such.html" target="_blank">Profit At Any Price</a>.<br />
<br />
I would have posted the article here, but he beat me too it!Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-52644979990286366422014-05-02T18:20:00.000-07:002014-05-02T18:20:32.505-07:00VikingsI have been watching the new TV show Vikings and in the next
to last episode, the king seems to have suborned all of Ragnar’s followers. I
was ready to give it up as a dog-eat-dog the winner is the one who stabbed the
most friends and followers in the back clone.<br /><div class="MsoNormal">
<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Imagine my surprise when SPOILER ALERT they all remained
loyal to Ragnar!<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Why did the writers end this season in that way? I’m not
sure why they chose to tell the story in this way but they had really set this
up with his character from the very first episode. Ragnar had been loyal and
honest with all his associates.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Even his first wife who left him because he took a second
wife – something that his culture permitted – came to his aid. She refused to “share
him” but still respected his honor and integrity and saw him as the logical
choice to lead the nation when the king tried to assonate Ragnar.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The moral of the story turned out to be that if you are
loyal to your people and treat them with honor and honesty they will support
and protect you when you need it; a lesson that most managers could stand to
relearn. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
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<!--StartFragment-->
<span style="font-family: Cambria; font-size: 12.0pt; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "MS 明朝"; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-fareast; mso-hansi-theme-font: minor-latin;">Throwing your people under the bus to save yourself
guarantees that when the time comes they will not put themselves in the slightest
risk to save you!</span><!--EndFragment-->
<br />
<span style="font-family: Cambria; font-size: 12.0pt; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "MS 明朝"; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-fareast; mso-hansi-theme-font: minor-latin;"><br /></span>
<span style="font-family: Cambria;">There</span><span style="font-family: Cambria; font-size: small;"> is no great concept here and nothing that takes a long time to explain. The simplest thing to do. Treat people the way you want to be treated and they will return that treatment. </span><br />
<span style="font-family: Cambria; font-size: small;"><br /></span>
<span style="font-family: Cambria; font-size: small;">Not always or in every case but often enough that it really, really pays off in the long run.</span>Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com1tag:blogger.com,1999:blog-743344307226035952.post-78806501046967114622014-04-28T08:32:00.000-07:002014-04-28T08:32:40.539-07:00Aereo versus ABC <div style="font-family: Helvetica; font-size: 14px;">
<span style="letter-spacing: 0.0px;">Reading Freakonomics on the web and this morning their article is about Aereo, the antenna rental business in New York. The following is a quote from their article:</span></div>
<div style="font-family: Helvetica; font-size: 14px; min-height: 17px;">
<span style="letter-spacing: 0.0px;"></span><br /></div>
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;"><i>Aereo’s business model is clever and, potentially, very disruptive. As they have done since the dawn of television, the major networks – ABC, NBC, CBS, and FOX – broadcast their signals over the air. You can receive these signals with a digital antenna – the modern equivalent of rabbit ears – and millions of Americans who don’t subscribe to cable or satellite still do.</i></span></div>
<div style="color: #021eaa; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="color: #323333; letter-spacing: 0.0px;">Click <a href="https://www.blogger.com/:%20http://freakonomics.com/2014/04/28/whats-at-stake-in-the-aereo-case-maybe-the-future-of-the-cloud/" target="_blank">here</a> for the full article.</span></div>
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;">I find this facinating as a child of the 1950 when TV was just moving from a rich man’s toy to everybody’s got one with antennas on every rooftop.</span></div>
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;">The broadcasters gave away the program to anyone and everyone to get the advertising base and into as many living rooms as possible. The original model was similar to print with the largest advertising fees going to the station with the largest reader / viewer base. Part of the reason that some TV show stars make huge salaries after the show catches on.</span></div>
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;">There was a theory from radio that was applied to TV broadcasts - “the right of capture”. The concept being that since there was a limited number of frequencies that the broadcasters could use and they were licensed by the government to use it, anyone with the appropriate receiver could “capture” the signal and listen or watch it.</span></div>
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;">Obviously no one knows how the Supreme Court will decide but the precedent of deciding that I cannot pay someone for the use of an antenna in a better location than my own rooftop (or a set of rabbit ears) will be the first wedge in removing all free broadcasts. Once the concept of my not being allowed to put up (or pay some one to put up) a remote antenna is accepted how long until putting one up on my house (or even using set-top rabbit ears) becomes illegal too.</span></div>
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;">The cable companies rebroadcast programs and pay a fee to the program’s owners but they get their signal directly from the broadcaster and we expect a much higher level of signal quality using that system. With Aereo’s antenna farm, I might expect a lower level of signal and so only be willing to pay less. And that seems to be Aereo’s business model.</span></div>
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;">ABC seems to be changing their business model from broadcasting the signal over the airways for free to the viewer and charging the advertisers for access to those viewers to one of charging the viewer for part of their costs and only charging the advertisers for part.</span></div>
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;">If the supreme court does decide in favor of ABC it should increase ABC’s income by the amount antenna farms have to pay for the right to retransmit the programing.</span></div>
<br />
<div style="color: #323333; font-family: Helvetica; font-size: 14px; margin-bottom: 14px;">
<span style="letter-spacing: 0.0px;">OK, now we should see the cost of the broadcast license increase since the public owns the airways and with those extra fees it just made that license a more valuable commodity.</span></div>
<div>
<span style="letter-spacing: 0.0px;"><br /></span></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-10800202379430986052014-04-10T09:49:00.001-07:002014-04-10T09:49:26.480-07:00High Frequency Trading<span style="color: #393939;">High-frequency trading is when
financial institutions, traders or brokers use sophisticated computer
algorithms and high speed data networks to make lightning fast trades. The
objective is to make a very small (sometimes only a penny or two) on a large
number of trades because the algorithm spots trends before humans and can buy
or sell faster.</span><br /><div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #393939;">Anyone reading business
magazines is familiar with the concept and accepts it as part of the stock
trading process. My question is what value does the stock market add to our
society?<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #393939;">Stocks are a form of ownership
in a company and business sell their stock to raise capital for buying real
estate to house their operations, to buy equipment to improve productivity or
maybe just so the owners can recover some of the money they already spent to
create the company.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #393939;">That’s the theory but very
little of the stocks being traded today were sold by the company itself, most
being re-sold by people who originally bought it when the company first sold
it. Perhaps it has been bought and sold many times since the company it
represents first sold it to raise capital.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
So, how does stock in the secondary market benefit that
original company or society in general? If I invest in a company and get stock
shares instead of just an IOU then I can sell those shares to someone else when
I need or want my cash back. The stock market acts just like a supermarket by
putting all the different stocks in one place where buyers can find the ones
they want.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
That’s the value to the investor but what is the value to
society? If I invest in a company and have to wait for them to buy back those
stocks or for them to pay dividends I might have my money tied up for a lot
longer than I might want and I might not invest at all. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The ability to cash out by selling on the secondary market
makes the investment more attractive and helps companies that need the cash to
create and make product that people want easier.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
OK, I get that. But what value do these “high frequency
traders” add?<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The honest answer is very little since they are buying a
stock for $10.03 and selling a minute later at $10.10 they have not added any
value to the process. Yes the seller got a buyer at 10:01 AM. Without that HFT
in the process they would have still sold the stock at 10:02 but for $0.07
cents per share more.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Most sellers aren’t selling huge numbers of shares so the
seven cents is unimportant but the HFT is dealing thousands of shares and if
they only touch 1,000 shares that means they pick up a $70 profit. Now seventy
bucks is nothing but suppose they do that with 100,000 in 1 minute ($7,000) and
repeat that every minute with yet another stock on and on?<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Remember that this is a computer program that never get’s
tired or takes a break. They really aren’t adding any value to the process but
they are adding cost to the market and driving up the price by that fraction. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
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When the government imposes a tax we expect that we are
paying for some service that adds value to our lives – sometimes it actually
works out that way. Same for fees that airlines or banks charge – sometimes we
actually get some additional service for that money. The fraction that HFT adds
to the cost of stocks acts as a tax or fee, increasing costs but returns no
addition value to the seller, to the buyer or to society at large. <o:p></o:p></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-55947054908144654332014-03-19T09:49:00.001-07:002014-03-23T18:15:30.216-07:00GM Key Recall<div class="MsoNormal">
Time magazine online had an article on March 18, 2014 about <span style="color: #131313; letter-spacing: -1pt;">GM naming a
safety czar .</span></div>
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<span style="mso-ascii-font-family: Cambria; mso-bidi-font-family: Helvetica; mso-hansi-font-family: Cambria;">The problem is not that they need a
focal for safety but just like Morton-Thiokol, of the Challenger disaster,
their whole system is designed to keep bad news from the senior managers. <o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="mso-ascii-font-family: Cambria; mso-bidi-font-family: Helvetica; mso-hansi-font-family: Cambria;">If their or your system is not specifically
designed to reward the first person to bring a potential problem to management
it will get minimized and buried by the lower level managers. The next big
problem is that any manager who takes a problem to his boss is judged
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managers don’t have the authority to fix the problem at their level.<o:p></o:p></span></div>
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<span style="mso-ascii-font-family: Cambria; mso-bidi-font-family: Helvetica; mso-hansi-font-family: Cambria;">The last big stumbling block is the false
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know how to handle those issues.<o:p></o:p></span></div>
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<span style="mso-ascii-font-family: Cambria; mso-bidi-font-family: Helvetica; mso-hansi-font-family: Cambria;">Remember Colin Powell’s great quote -
The day people stop bringing you their problems is the day you have stopped
leading them.<o:p></o:p></span></div>
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<span style="mso-ascii-font-family: Cambria; mso-bidi-font-family: Helvetica; mso-hansi-font-family: Cambria;"><br /></span></div>
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<span style="mso-ascii-font-family: Cambria; mso-bidi-font-family: Helvetica; mso-hansi-font-family: Cambria;">This is a fast and short post because this is a fast and short issue! If GM had a </span>decent system of reporting that elevated issues to the proper level this would have been handled in a timely manor. </div>
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<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
From the information in the article timely would have been several years ago.</div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-3582398052843555422014-02-27T12:32:00.000-07:002014-02-27T12:32:04.948-07:00What happens to the rest of us?<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #262626;">According to the Princeton
Review a SAT score of the mid to high 500 seems to be the lower range most
colleges expect. While the article takes pains to point out that the scores
listed in the chart are not “cut off” scores, students with those scores are
most likely to be considered.<o:p></o:p></span></div>
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<br /></div>
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<span style="color: #262626;">All tests tend to have three
major groupings, a small group with high scores, a large group clumped around
the mean, and a group below average.<o:p></o:p></span></div>
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<span style="color: #262626;">If the reports are true and
education is the key to jobs and financial success in the future, what happens
to the large number of people who score below the “minimums” for college
admission? If the tests are to be believed at all, those with too low a score
will not be able to either get into college or learn the material without which
they will not even get interviewed much less hired.<o:p></o:p></span></div>
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<span style="color: #262626;">Americans came to expect that
most of us could find jobs that paid well enough for us to own our homes, have
cars, TV and the rest of the possessions of modern life. Many jobs at the low
end to the middle of the pay scale are disappearing as manufacturing and the
associated support functions move to lower cost locations outside the US. Where
do those displaced workers, and the new workers going into the job market for
the first time, at the same level, find new jobs that pay enough to live as we
expect them to be able to live?<o:p></o:p></span></div>
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<div class="MsoNormal">
<span style="color: #262626;">This matters to you as a
business because those are your customers. No job and they don’t buy and it
doesn’t matter how inexpensive your product is.</span><o:p></o:p></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-90701735745026929132014-02-11T09:02:00.002-07:002014-09-25T11:56:01.079-07:00Am I nuts or are they?<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12pt; line-height: 115%;">I just noticed this report at Time Business on my Feedly blog
reader:</span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt; line-height: 115%;">“General Motors CEO
Mary Barra will earn around <a href="http://www.freep.com/article/20140210/BUSINESS0101/302100135/GM-General-Motors-Mary-Barra-compensation"><span style="color: black; text-decoration: none; text-underline: none;">$14.4 million</span></a>
in cash and stock bonuses in 2014, the company said on Monday, about 60% more
than her predecessor made in 2013.”<o:p></o:p></span></i></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">Read the full article <a href="http://business.time.com/2014/02/10/mary-barra-general-motors-ceo-pay-14-million/#ixzz2t1goI1Y5">here</a>.<o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">Is there any way that she can add that much value in the next
year? The next 5 years? Since GM is a huge company with long lead times for a
new product to make it from concept to market there is very little Ms Barra can
do that will change GM in the next 12 months so we need to look at her
performance over the long term.<o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">The prevailing theory is that the CEO of a company is
responsible for the “master plan” that a company follows and is also
responsible for how well that plan is executed and should be compensated for
success. The theory also postulates that to attract the very best you have to
outbid the competition or lose that candidate to someone else. This supposes a
limited supply of people with the training, experience and temperament to lead
any particular company.<o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">What if that CEO is not unique? <o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">There are 7,000,000,000 people in the world and while the
vast majority are not qualified or able to lead big corporations, it’s safe to
say that those who are able to lead, represent some small percentage of that seven
billion total. <o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">We might argue over what that percentage is, but we can
surely agree that more than one person has those skills and abilities; if we
theorize a 10 percent number that gives us 7 hundred million potential people
who could replace your CEO. If we reduce that to 1% there are 70,000,000 people
who could do your CEO’s job.<o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">Suppose that there is only 1 tenth (1/10) of one per cent who
could replace that mythical CEO and we still have 7 million replacements.<o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">If any one of 7 million people could do that job, why the
heck is it worth anywhere close to what they are paying? Remember in the first
paragraph we stipulated that the high levels of compensation were justified by
the scarcity of the peculiar skills necessary and the limited number of
candidates to draw from.<o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">Those huge CEO salaries and bonuses tend to be from a limited
number of really big businesses and the theory is that there are a really
limited number of people who are capable of managing at that level. Remember
that one tenth of one percent of the population of the world is seven million
potential candidates, then we must accept the improbable conclusion that the
senior managers of the Fortune 500 represent the top 0.0007% of people in the
world. <o:p></o:p></span></div>
<div class="normal" style="margin-bottom: 10.0pt;">
<span style="font-size: 12.0pt; line-height: 115%;">There is an old saying that “figures don’t lie but liars can
figure” but the simple percentages do illustrate an important point. You can’t
tell which of the seven million potential business leaders will end up being
worth those high compensation packages until after the fact. And, since much of
what a CEO does is long range planning you can’t tell until years later.<o:p></o:p></span></div>
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<span style="font-size: small;"><span style="line-height: 115%;">I submit that executive compensation has grown all out of
proportion to their contribution because execution is much more important than
planning. As General George Patton said: A good plan implemented aggressively
today is better than a perfect plan implemented tomorrow. Leading us to the
inevitable conclusion that the people implementing the plan are more valuable
to the company than any single leader and you should be compensating your
employees based on their value to </span></span><span style="font-size: small;"><span style="line-height: 18px;">executing</span><span style="line-height: 115%;"> that plan and not on their job title or how easy it is to replace
them.<o:p></o:p></span></span></div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com0tag:blogger.com,1999:blog-743344307226035952.post-20592997533384800302014-01-19T16:37:00.002-07:002014-01-19T16:37:26.175-07:00My friend Bryan Neva writes a blog called Profit at Any Price and his latest post is a great read and well worth your time. I am including just a little to wet your appetite and I hope you continue on and read the entire post.<br />
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<span style="font-family: Georgia, 'Times New Roman', serif;">In Greek mythology, Cassandra was the daughter of the Trojan King Priam and his wife Hecuba. Apollo, the god of prophecy, was infatuated with Cassandra’s beauty and gave her the gift of prophecy in order to win her love. But Cassandra spurned Apollo’s romantic advances. So Apollo cursed her so that no one would ever believe her prophetic warnings. Cassandra, unable to convince people of her dire predictions, then had to spend the rest of her life watching helplessly as her prophetic warnings came true. She knew what the future held but was unable to change it.<o:p></o:p></span></div>
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<span style="font-family: Georgia, 'Times New Roman', serif;">A “Cassandra complex” occurs when valid warnings about the future are ignored or dismissed and has become a metaphor used in psychology, environmentalism, science, medicine, politics, religion, and business.</span></div>
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<span style="font-family: Georgia, 'Times New Roman', serif;"><a href="http://profitatanyprice.blogspot.com/2013/12/the-cassandra-complex.html">Profit At Any Price: The Cassandra Complex</a></span></div>
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I have one comment to add. I once asked my son how many times a advisor had to be right before he as a statically trained MBA would begin to accept that advisers evaluation without any statical support.</div>
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His reply was "a heck of a lot of times!" My reply was that he was wrong and that his position represented a lot of what is wrong with American business today.</div>
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My opinion is that the correct number of times that advisor would have to be right is exactly the same number of times and in exactly the same way he would have to be wrong for you to fire him if he gave you bad advice! </div>
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People didn't listen to Cassandra because a god had cursed her. Without that curse, at some point she would have been right so many times that everyone would have begin to listen and act on her advice.</div>
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Are you ignoring some "Cassandra" in your organization simply because they don't have any number to support their intuitive evaluation? If so, how many times have they been right before and might they just have seen something not included in that gorgeous spreadsheet you are looking at?</div>
Allen Lhttp://www.blogger.com/profile/03815035977717425232noreply@blogger.com1