Steve Jobs Lesson For Investors & Entreprenuers

If you have read my blog in the past – you know that I am a big Apple supporter.  I own many Apple products, own shares in the company and respect the way that the company is run.  I also realize that many people hate Apple for numerous reasons.  Whether you love ’em or hate ’em the following Steve Jobs speech, to his new VPs, provides a valuable lesson for everyone.  I find it especially applicable in my world of  investors and entrepreneurs.

Steve Jobs gives employees a little speech when they’re promoted to Vice President at Apple, according to Adam Lashinsky in a new article in Fortune that’s not online yet.  Lashinsky calls it the “Difference Between the Janitor and the Vice President.”

Jobs tells the VP that if the garbage in his office is not being emptied regularly for some reason, he would ask the janitor what the problem is. The janitor could reasonably respond by saying, “Well, the lock on the door was changed, and I couldn’t get a key.”

An irritation for Jobs, for an understandable excuse for why the janitor couldn’t do his job. As a janitor, he’s allowed to have excuses.  “When you’re the janitor, reasons matter,” Jobs tells newly minted VPs, according to Lashinsky.

“Somewhere between the janitor and the CEO, reasons stop mattering,” says Jobs, adding, that Rubicon is “crossed when you become a VP.”  In other words, you have no excuse for failure. You are now responsible for any mistakes that happen, and it doesn’t matter what you say.  (Business Insider)

I spend  a lot of time on Twitter more specifically StockTwits.  Jim Cramer, CNBC’s  Mad Money Host, is constantly being attacked on Twitter for calls that went awry.  Cramer has been a strong supporter of Silver.  The attacks hit a feverish pitch this week as Silver lost 25% – its worst week in 30 years.   The chatter prompted me to tweet the following:

As Steve Jobs says, “Somewhere between the janitor and the CEO reasons stop mattering.”  In my world, there is no one to blame.  If you are an investor and suffered a beat-down in Silver last week – look in the FREAKING mirror.  You are the only person responsible for your financial destiny.

 

Disclosure:  Currently holding a Long Term position in Silver Bullion – fortunately at much lower prices than current spot price.  No short term positions in bullion or Silver miners are currently held.

 

P.S.

I welcomed last week’s pull-back as an opportunity to acquire more ounces at lower prices.  Over the years, I have learned  that acquiring Long Term positions are best around Silver’s 200DMA.  We are not quite there yet.

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