Topic: How To Invest

What is Pat’s commentary for the week of October 31, 2017

Article Excerpt

I spend a fair number of days every year in meetings with other business owners and CEOs. Though we’re all in different fields, we seem to run up against the same problems and challenges. These meetings help me do a better job of running The Successful Investor Group, but sometimes they also yield investment lessons. In one recent session, we talked about using a particular strategy to tackle a particular business problem. The strategy made a lot of sense to most of us, but one group member kept challenging it, pointing out unpleasant or undesirable side effects it might cause. The group moderator stopped and wrote this acronym on the board: MUSTSY “Does anybody know what this means?” she asked. A few hands went up, but nobody offered an answer. I wondered if it had something to do with the word ‘musty’, as in “musty old (that is, unimaginative) thinking”, or, say, a play that suffers from “musty (banal or trite)” characters or plot. I..