Say like you are a Venetian merchant like Marco Polo. You travel to the east often to trade. Along the journey, there are many unknown and uncontrollable factors waiting for you, ie: pirates, rainstorm, hidden rocks underneath the sea, diseases….etc. As a leader of a merchant, will you initial a journey by a fix interval, say like every quarter, no matter the situation? Or is it more make sense to start the journey after evaluating all the possible risks and you are confident to handle all the risks? Yes, the journey to the east is never easy, for sure there would be many obstacles along the way. If you got the knowledge of how to handle these risks, isn’t increase the chance of success for your trade? Rather than sorely depend to the blind faith of start the journey fixed by interval?
Of course, a successful leader must posses firm characters and very often they might be tagged as stubborn. This is because sometimes he has a different view which is totally against from popular view. This is a dilemma that he faces and sometimes he not even get the support from his beloved family or friends. But, this would not stop him from what he believes and with firm characters, it will prevent him stop half way from pursing his goal. Remember the lesson from Thomas Edison? A child tagged with a mark of problematic child becomes an outstanding inventor and also begins his business empire which lasted until today – General Electric (GE). Technorati Tags: Dollar Cost Averaging, Marco Polo, Thomas Edison, General Electric, GE, DCA
No comments:
Post a Comment