Two Management Traps: Not Paying Enough and Making People Feel Underappreciated

If you can’t get anything done following your lead, or if you make others feel wronged, then your authority is just for show.

The people you’re able to direct are always far inferior to you. You’ve just got to keep them sweet—treat them right and you’re an excellent manager; fail to do so and it’ll come back to haunt you.

Profitability Depends on Sales

Your profitability depends on selling.
Selling is a secondary decision based on the price at which you bought.
In fact, the idea of completely predicting a swing—buying at the bottom and selling at the top—is fundamentally flawed.
Because you're chasing a low-probability event; guessing correctly is itself a rare occurrence, akin to gambling.
Pure investors seek stable profits, not gains through gambling.

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