I had the great fortune of listening to a very senior person in this company. He is by far the best I have seen in this context. It is always a pleasure to listen to what he has to say. He spoke about a lot of things that are right and that are not right and what it will take to do well in the future. But there is one thing that he said which stuck as it is very relevant for me at this point in time.
He said, if there is no risk, there is no strategy. Any thing that is termed as strategy without any risk is simply life insurance. All you do is pay premium to live. It is useful only if you die, defeating the purpose of strategy, which is to ensure you beat them all.
I think this has long lasting implications on what we are doing today. There has to be risk in what you do. It is only then that you can reap long lasting rewards. And you have to plan for the next 25 years, not make some money in the future. And what you define has to change the game. None of this has any moentary implications. No strategy should be built on money. It has to make monetary sense. But then nothing monetary as a goal. It is detrimental to play the money game. It is important to good work. To do things to change the way the market works. To do big bold things. That is what we need to do. Babu, I cannot agree more with you :)
3 comments:
this is just what i was wanting to hear... thanks a lot. now am very sure what i have to do :-)
Sigh! And I am tired of trying to get my point across all the time :(
@Kodi, you ought to give me the credits :)
How come you are not allowing anonymous comment and that too when I created a fake login for writing comments on your blog you disapproved my comments on your previous post. And to the best of my knowledge and belief there was nothing derogatory in it
NITK Batchmate.
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