the Tortoise & The Hare Will Double Your In.e Especially In This Troubled Economy-stanley博士的家2

Business You will likely recall many famous fables by Aesop, a slave who lived on the Island of Samos about 550 BC. He reputedly produced many hundreds of fables still taught today to teach morals to children, parishoners, employees, voters, etc. One of Aesop’s most remembered and loved fables is The Tortoise and The Hare. I will reproduce an abbreviated version of that fable for your quick review: Once upon a time there was a hare who, boasting how he could run faster than anyone else, was forever teasing tortoise for its slowness. Then one day, the irate tortoise answered back: "Yes, you’re swift, but even you can be beaten!" The hare squealed with laughter. "Beaten in a race? By whom? Not you, surely! I bet there’s nobody in the world that can win against me, I’m so speedy. Now, why don’t you try?" Annoyed by such bragging, the tortoise accepted the challenge. A course was planned, and the next day at dawn they stood at the starting line. The hare yawned sleepily as the meek tortoise trudged slowly off. When the hare saw how painfully slow his rival was, he decided, half asleep on his feet, to have a quick nap. "Take your time!" he said. "I’ll have forty winks and catch up with you in a minute." The hare woke with a start from a fitful sleep and gazed round, looking for the tortoise. But the creature was only a short distance away, having barely covered a third of the course. Breathing a sigh of relief, the hare decided he might as well have breakfast too, and off he went to munch some cabbages he had noticed in a nearby field. But the heavy meal and the hot sun made his eyelids droop. With a careless glance at the tortoise, now halfway along the course, he decided to have another snooze before flashing past the winning post. And smiling at the thought of the look on the tortoise’s face when it saw the hare speed by, he fell fast asleep and was soon snoring happily. The sun started to sink, below the horizon, and the tortoise, who had been plodding towards the winning post since morning, was scarcely a yard from the finish. At that very point, the hare woke with a jolt. He could see the tortoise a speck in the distance and away he dashed. He leapt and bounded at a great rate, his tongue lolling, and gasping for breath. Just a little more and he’d be first at the finish. But the hare’s last leap was just too late, for the tortoise had beaten him to the winning post. Poor hare! Tired and in disgrace, he slumped down beside the tortoise who was silently smiling at him. "Slowly does it every time!" he said. The Moral Whether the economy is troubled as it is today or whether it is more normal economic times, the truth Aesop spoke thousands of years ago is still true today. Slow and steady is the key. How does that play out in investing? Some investors ‘swing for the bleachers’, meaning that they want a bases-loaded home run every time they invest. So, they choose really high-potential-return investments which are also high-potential-lose-everything investments. When you ‘go for broke’ in your investments, you often actually simply get broke. Does the Hare ever win? Actually yes. Everyone knows that Babe Ruth was the greatest Home Run Champion. Do you also know that he was also the Strike Out King too? He swung hard at every pitch. He was the Hare. He went all out every time. And, he won. But, how many Babe Ruths are there? Only one. So, yes, wild high-risk investments sometimes do pay off wildly. But, a steady diet of such investments will more likely cause indigestion and huge losses. How Does that play out in business? If you have a business plan and work your plan, you will move steadily forward. If you react appropriately to opportunities as they arise, you will move steadily upward. But, if you take wild risks in your business, you will more likely fail and lose everything. This is generally true, but it is even more true when the economy is troubled. Why? Because you have a greater chance of a high-risk business move being successful if you can see into the future clearly. In troubled times, your vision is blurred by turbulence and high-risk ventures are even more likely to fail. Slow and steady. The Hare learned it the hard way. The Tortoise is not a sexy symbol, but it works. About the Author: 相关的主题文章: