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Just my thoughts #0522

Management is the activity of transforming uncertainty into certainty to create predictability. For example, investing in stocks when you don’t know when or how much you’ll make is a gamble, but finding a way to achieve an average return of 15% per month is management. Bank loans have a fixed schedule for when and how much principal and interest must be repaid. It is not the banking business where you can repay or request repayment at any time when you have funds. Nevertheless, we gamble or engage in a ritual for rain, mistakenly believing that it is management. - Joseph’s “just my thoughts”
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Just my thoughts #0522

Management is the activity of transforming uncertainty into certainty to create predictability. For example, investing in stocks when you don’t know when or how much you’ll make is a gamble, but finding a way to achieve an average return of 15% per month is management. Bank loans have a fixed schedule for when and how much principal and interest must be repaid. It is not the banking business where you can repay or request repayment at any time when you have funds. Nevertheless, we gamble or engage in a ritual for rain, mistakenly believing that it is management.


- Joseph’s “just my thoughts”

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