3 ms·

You know the story of the FedEx guy right? He could afford to pay the staff or put fuel in the planes; riveting speech; gambled the money in vegas and kept the

You know the story of the FedEx guy right? He could afford to pay the staff or put fuel in the planes; riveting speech; gambled the money in vegas and kept the company going. This guy is praised, but he was a fucking pyscho (literally). He didn't give a damn about his own staff and risked everything. He got lucky, made it big. If this guy had made it, we'd see him as a "The Hundred Foot Journey" style success story. Maybe the only lesson is that he wasn't ruthless enough?

deleted 9y ago
[deleted]
Lazare 9y ago
The thing about the FedEx guy and his story is that, at least as the story goes, he had a 100% chance of failure if he did nothing, and a possible chance of huge success if he gambled. Betting his last funds was all upside for him, so he made a cold-blooded decision to maximise his expected outcomes, and it paid off. The restaurant guy...not so much. He took significant assets (his pension, home equity, health, his relationship with his wife), and gambled them all on high downsides and very limited upsides. > Maybe the only lesson is that he wasn't ruthless enough? Ruthlessness is not a substitute for making very bad decisions.