Succession Secrets

Andy Grove, CEO of Intel wrote a book titled: Only the Paranoid Survive. I have found degree of “healthy paranoia”very useful in my own life.  Listen to my story about a leveraged buyout deal that almost tanked, was it not for my paranoia, which saved it. My paranoia often caused me to wake up at 3am in the morning, in a pool of sweat, thinking of a client I had not talked with for a while and having a hunch that they may not be happy. Healthy Paranoia includes expecting the best, but preparing for the worst. George Soros and Warren Buffet both taught me that as long as we protect our downside, our upside would take care of itself.  Paranoia helps you protect your downside. Question of the Day:  How do you protect your downside?