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World Cup Winner

>> Sunday, July 11, 2010

Germany has beat Uruguay for the third spot.
Either Spain or Netherlands will claim the second spot.
There can only be one winner.

Who remembers the runner up of the past World Cups? How many times has the country qualified for the finals but lost? No one bothers! We only know who is the winner and track how many times a country has won.

It is a winner take all world.
Even in business, which is the most successful fast food chain in the world? I am sure most would think of McDonald. So, who is second? Subway, KFC, Pizza Hut, Wendys? Who cares.
Try this with other lines of business, automobiles, mobile phones, beverages, etc and you get the drift.

If we wish to be successful, we cannot settle for second best.
In investing, we need to identify and select the winners as well.


Createwealth8888 July 11, 2010 at 9:18 AM  

I still like Marathon where all runners run their own race and reach the finishing line as winners and not losers.

Lau July 11, 2010 at 11:19 AM  

I guess it depends on the context.
For personal satisfaction marathon would be a good comparison.
For accomplishments, it's a "winner takes all" world, Pareto Principle.



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