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Saturday, 7 January 2012

Fear - What's the worst that could happen?

It wasn't my intention to post today but, currently, I'm reading the biography of Steve Jobs, (One of the founders and the main force behind Apple Computers, for those that live in the woods).
Jobs and his friend, Steve Wozniak, entered into a partnership along with another man, Ron Wayne. The split was 45%, 45% & 10% respectively. Whilst Wayne was handed certain technical responsibilities in Apple, predominantly, he was responsible for adjudicating between Jobs and Wozniak, as his 10% share would maintain the balance.
The partnership was set up with just $1300 but it was set up in such a way that each partner would be responsible as debtor and creditor. After two weeks, Wayne decided he did not want the responsibility of any potential debt, no matter how small, went to the County Office and filed the papers that removed him from the partnership. Had he remained a partner, in 2010, his 10% would have been worth $2.6 billion. He now lives in some obscure backwater, funding a penny slot machine habit with a Social Security check.

Never fear the loss.

Stay green.

2 comments:

  1. some people just cant handle risk,their loss .you have to take chances in this world to make it.

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