–Help The Disciplined. Let Suffer The Impulsive. Punish the Wicked.–
What’s on my mind? I like to help people, sure. An investment in a business that I can understand, that has a track record, the management team is experienced, moral, and smart, and where others of equal or greater experience have already invested? Sure, if I have money available. An investment in a business that I understand, where I know the management personally, without a track record, but where I can add value, exert influence, and rescue it myself if it gets into trouble? Sure, maybe – if my plate isn’t full. A very, very small investment in something I think is very interesting for personal reasons, but I’m willing and likely to lose the entire investment immediately? Maybe. Helping a close friend or family member recover from a personal medical or legal catastrophe? Sometimes – rarely. Helping someone recover from a lapse in judgement (in this case someone who has a problem with gambling, but most often it’s been drunk driving) – never. Paying a high personal or business cost to punish cheaters, liars, and the selfish? Always. (I don’t tell those stories any longer.)
Help the disciplined, let suffer the impulsive, punish the wicked.
Source date (UTC): 2014-10-25 03:04:00 UTC