Thursday, June 3, 2010
Mortgages and Oil
I know an old man who only invests in CDs. His whole life has been about being careful. He doesn't gamble, at all. When the stock market is run by the bulls he shakes his head and tells you it will fall. When it is run by the bears he says he told you so. But he's nice... and he doesn't rub it in.
I suspect that those who succeed in risky ventures are those, unlike the old man, willing to go out on a limb. I imagine that most of the wells' managers take the chances that were taken at the leaky one. That's the name of the game. Take big chances for big profits.
On his deathbed, the Buddha's last word was "appamada," which means a commitment to care, to be fully present. In this state, one would see the possible consequences of their actions. Would they get fired, though, because they had shut down their well until the back-up systems were functioning properly? Probably.