Len, Wade and Skillz learning the hard way is sometime the only things that works...
People are stubborn.. and they think they are smart and can beat the system and be ahead of everyone (I was like that too)
I remember that I didn't listen to my mom when she told me something.. for example.. not to play with fire/fireworks/bonfire... and you know kids.. they are curious and naughty and one time I got burnt a little bit then I stop playing with fire...
I remember my Security Analyst class professor told me that the stocks I'm holding is risky (one of them is Global Crossing).. and he himself only invest in blue chip and mutual fund... (maybe because she knows too much and too afraid of the risk)...
Even until today I still feel and wonder that I got cheated on my Global Crossing investment .. cheated by the management.. when they file bankruptcy they still have almost $2B in cash... and 6 weeks prior to the filing the CEO said there is no bankruptcy in Global Crossing future (which I was told later on that it takes at least 6 weeks or more to proceed with bankruptcy (thinking about it, fiilng the forms, gathering the data etc)...
I still wonder what if.. what if the management aren't crooks.. will the business works... George Gilder thinks so.. no glut in dark fiber he said... I'm still waiting for the killer ap he was talking 6-7 years ago... (but I'm no longer Global Crossing Shareholder no more)
but my main point is.. reading other people experience sometime is not enough... we often beg to differ until we realyl hits them.. that's why people always talk about experience.. (in job search, dating, life , so on so forth)...
Experience is often the best learning tool... even if it have to be the hard way...
Cheers,
Stan
