Lucky and Good is available on Amazon at http://www.amazon.com/dp/B00EUN8J5Q Featuring the posts of Jerry White
Wednesday, November 13, 2013
Sometimes Smart Bets Lose
In business (and life in general), you need to appreciate that sometimes smart bets lose, and occasionally dumb bets win. As Michael Lewis said about the game of baseball in Moneyball, “There are lucky doubles and unlucky outs.” If you can’t come to grips with this truth, you might avoid decisions—and that in itself is a bad decision.