Filed under: Rumors, Management, Rants and raves, Scandals, Headline news
Each time I see a “grown up” going through what Roger Clemens is going through with his own personal doping scandal and the incrimination of the Mitchell report, I cannot help but think of the first rule of holes: if you’re in one, stop digging. Yesterday Hillary was crying, and Roger has been crying for a week. Neither one will be superior off for it.
Roger Clemens is getting a lot of bad advice. Or maybe this is just a part of the Major League persona that does not allow one to back down. I’ve no idea who did what when, but the more I hear Clemens and his attorneys posturing, the more I think his credibility is shot and the likelihood that he’s not being forthright with the facts is a higher probability.
If Pete Rose would have come clean quickly and admitted his failings he would already be in the Baseball Hall of Fame. It is much superior to “man up,” take the hit, and move on than to “keep digging”. His Yankee team mate Andy Pettitte fessed up, stated “my bad” and is moving on for superior of worse.
Which do you hate more, liars or cheaters? Clemens is going to find out that the thing people hate more than anything else is being lied too. They will forgive almost anything else.
Investing in stocks isn’t too different. Sometimes you are superior off cutting your losses and moving on. You just can’t hold out hope that some stocks are going to return to their days of glory, better to cut your losses and move on. Is there anything worse than lying to yourself? Sometimes we do this with our investments.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research n architecture & planning firm.
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