The Day Ahead: That Moment of Truth Will Come
"Mediocrity" is a toxic word that sends shivers down my spine. I will have none of it in my personal and investing life; that much is for sure. At first, the production of mediocre work goes unnoticed -- because it's just enough to continue driving a business forward. But, over an extended period, mediocre practices transition to something that can choke off a company's innovation and execution prowess.
The interesting aspect here is that mediocrity can also weasel its way into your investment-selection process. One can become content with riding the waves in the market, long or short, so far as the profit motive is aligned with actual profit. It's my humble opinion that investors are trading in their discipline for short-term gains amid rising market optimism. (Tulip mania, anyone?) They have embraced a state of mediocrity in their own processes, and have also ratcheted down expectations on what constitutes a healthy corporate America....532 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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