Tag: Don Shaughnessy

Who Knew?


Teenagers love their parents and want them to be happy.  Similarly, old people love their children and want them to be happy. They show their feelings by being incredibly difficult to get along with. Why? Teenagers and old people both know that they will… Continue Reading “Who Knew?”

Half The Advertising Money Is Wasted!


“Half our advertising money is wasted,” is a common whine. There are four problems with that. Nobody knows which half, It is not the same half all the time, It is not the same half in all markets It is not the same half… Continue Reading “Half The Advertising Money Is Wasted!”

On Failure


For most of us, failure results from the inability to follow simple rules. Life is not that hard. It is about process and limits, and energy, and skill, and skill applied to a task, opportunity or problem, and resourcefulness, and ability to get along… Continue Reading “On Failure”

Blything’s law


There are always more people looking for a job than there are people looking for work. Don Shaughnessy is a retired partner in an international accounting firm and is presently with The Protectors Group, a large personal insurance, employee benefits and investment agency in… Continue Reading “Blything’s law”

Mike Caro’s Law of Loose Wiring


Mike “The Mad Genius” Caro is a professional poker player, theorist, author and casino executive. His “Law of Loose Wiring” serves him well at the table and it is workable for all of us in other places. Its definition is: “When choices are not… Continue Reading “Mike Caro’s Law of Loose Wiring”

Dealing With Professionals


The real world changes too fast and it is too complicated to know everything you need to run your business or your financial plan. You need skilled help.  Accountant, lawyer, banker, investment adviser, and financial planner are the common ones. The problem is finding… Continue Reading “Dealing With Professionals”

A Well Defined Problem Is Half Solved


Albert Einstein said, “If I were given one hour to save the world, I would spend 59 minutes defining the problem and one minute solving it.” With few exceptions, we start solving problems before we have rigorously defined them. Sometimes that works but most… Continue Reading “A Well Defined Problem Is Half Solved”

What’s The Greedy Algorithm?


Many people instinctively use a greedy algorithm to solve problems, but they should have no expectation that it will generate optimal or even good results. Back in the depths of history, I took a course in operations research. Essentially the process of applying mathematical… Continue Reading “What’s The Greedy Algorithm?”

Strategy But No Tactic


A strategy not implemented remains a dream

Smoking Costs How Much??!


Fundamentally, the world is a fair place.  The more you smoke, the less time you are required to do it.  Maybe a good thing too, because your potential retirement fund will be harmed. Here’s an example.  Suppose: You are a 30 year old male… Continue Reading “Smoking Costs How Much??!”

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