Tag: Don Shaughnessy

Simple Works


If you don’t like how the government behaves, then you should behave differently than they do.  A good place to start would be, “spend less than you earn,” and “pay down debt” Debt is a call on the future.  By itself, it adds nothing… Continue Reading “Simple Works”

The Dog That Did Not Bark


Something that did not happen can provide information. Sir Arthur Conan Doyle created Sherlock Holmes in the late 1800’s. Many of his case-breaking observations have value in other contexts. In “Silver Blaze” we see the meaning of the dog that did not bark. Many… Continue Reading “The Dog That Did Not Bark”

Business Fundamentals Should Affect How You Think


A given technique may be crucial in one business and unimportant in another. It is smart to know which ones you need to know. One of the important ones is noticing which pays better for you, – Effectiveness or Efficiency. Efficient is doing things… Continue Reading “Business Fundamentals Should Affect How You Think”

Fair Taxation Is Impossible Without Responsible Government Spending


Some taxes are better than others, but there is no such thing as a fair tax. We have reached the point where people think others are not paying their fair share, whatever that means.  Fair share of what?  What is your fair share of… Continue Reading “Fair Taxation Is Impossible Without Responsible Government Spending”

Are You A Bird or A Squirrel?


There are two ways to reach your objectives.  Like a squirrel or like a bird.  Each has advantages and each has disadvantages.  You will do better if you can see both methods. Think of a tree as the set of all possible opportunities. A… Continue Reading “Are You A Bird or A Squirrel?”

What Should I Insure?


Insurance poor is a bad idea. So is poor because I had too little or none. There is a way to think about it. Future unknown losses fall into four categories. The defining elements are the cost of the loss and the probability of… Continue Reading “What Should I Insure?”

All ‘Round Like An Orange


GE is a company that understands management and they have systematized their knowledge.  They have developed techniques that help them.  Some are useful elsewhere. Suppose you have a clearly defined opportunity or a problem that is large enough to affect the entire business.  How… Continue Reading “All ‘Round Like An Orange”

Prophesy Is Difficult


Prophesy is difficult and it is especially difficult with respect to the future. Planning however, is possible. I found the desktop model crystal ball to be too cumbersome. Now when someone asks for my prediction of the future at lunch or a party, I… Continue Reading “Prophesy Is Difficult”

The Mindless Pursuit Of Perfection


Perfection is a costly objective. Perhaps it is time to accept good enough. Suppose I suggested that you could solve 80% of any problem for a given amount of money. Call it $1,000,000. If you want to go farther, the cost to solve the… Continue Reading “The Mindless Pursuit Of Perfection”

What Fiscal Crisis Will Be Next?


The Americans have survived the fiscal cliff.  Sadly for them, cliffs usually are found on the side of mountains.  What does the fiscal mountain look like? There is a mountain of debt built on a foundation of undeliverable promises and reckless adventurism.  The mountain… Continue Reading “What Fiscal Crisis Will Be Next?”

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