WalletDoctorBlog, indecision is lethal to a good CEO!

Hi WalletDoctorBlog;

This lesson is so important that I am sending
it to you again. I don't know if you remember the
movie about the Argentinean soccer players
that were stranded in an airplane crash in the
Andes on the way to Chile. The movie is
"Alive! (1992)."

http://www.walletdoctor.com/stockcd.htm

In the movie the soccer team
finally figures out that nobody is going to
find them. Two of them decide to walk
down the mountain into Chile for help and
there is a lot of arguing about whether or not
to do anything.

http://www.walletdoctor.com/stockcd.htm

There are two boys that make it down the mountain
and do find help while a few decide to stay behind
to help the injured. The rest just
give up and can't decide at all. Everybody
who has seen the movie knows that but here
is the rest of the story. One of these
young men is now a Hispanic corporate executive
highly regarded for his management ability and
highly sought after as a corporate speaker in
the Spanish language throughout the Hispanic
corporate world which is both affluent and well
educated.

http://www.walletdoctor.com/stockcd.htm

A colleague of my wife at the large NYSE listed
bank they both work for had the pleasure of
listening to this motivational speaker and corporate
executive who survived this harrowing crash
and stranding.

http://www.walletdoctor.com/stockcd.htm

He emphasized that he learned a skill, from
his crash and stranding experience that
resulted in the group resorting to
cannibalism of the dead victims of the crash
who were their departed friends, that sets
him apart in the world. He emphasized the
vital importance of decisiveness in his talk
in the Spanish language to the corporate
bank executives.

http://www.walletdoctor.com/stockcd.htm

He said that some decided
to stay behind to help the others while the
two walked down the mountain but others
couldn't decide what to do at all and that
each person in the group that could not
decide what to do suffered a special fate;
each and every person who was indecisive
died...yup they died done dead!

http://www.walletdoctor.com/stockcd.htm

This now successful Hispanic corporate
executive explained that the key to his
stellar rise was that he had developed the
ability to make a decision and stick to it
within 60 seconds after he gathers the
necessary facts. He further emphasized that
it normally takes him far less than 60
seconds to make a decision.

http://www.walletdoctor.com/stockcd.htm

He has also
observed that managers that are slow
decision makers are bad administrators of
the operations they control. He simply does
not tolerate indecisiveness because he
knows how costly it really is. I see this, for
instance, in my university students who
don't open a Roth IRA immediately after I
explain to them how valuable it is.

http://www.walletdoctor.com/stockcd.htm

I know that such university finance students
are NEVER going to succeed in the stock
market. If I take on a student and start to get
a whiff of the stench of indecisiveness the
show is usually over for the student. I give
them one warning and then if they still
exhibit indecisiveness they don't get
anymore of my time because I know that
they will never do anything with the
knowledge I give them.

http://www.walletdoctor.com/stockcd.htm

Sometimes they
get mad at me when they figure out they are
getting blown off and I give them a second
warning and tell them to go look into a
mirror at the source of all their problems
(even my wife says I am way too direct but
I honestly don't know of anyway to handle
indecisive people because the drive me
absolutely bonkers!). Ask yourself this;
what can you do right now to change your
financial future and learn the
right approach to stock investing?

http://www.walletdoctor.com/stockcd.htm

I am here for you,

-Scott

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