RIM, Yahoo: Knowing When to Fold or Hold

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Bolaji Ojo
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When to walk away
Bolaji Ojo   1/5/2012 6:14:17 PM
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Venture capitalists and Day Traders are better at investing without emotions. They cash in their profits at predetermined levels and exit at predetermined loss levels. They understand this is about making or losing money and don't get involved in who founded what etc. Company founders, on the other hand, feel like they are losing their baby when they have to part with the enterprise. The board of directors usually step in at points like this. That's why what's happening at RIM is so difficult to comprehend.

Anna young
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Re: When to fold 'em...
Anna young   1/5/2012 5:49:37 PM
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@Barbara, that's correct the song applies to every decision making process imaginable. More importantly it is more or less sounding a wakeup call to RIM's board of directors to wake up and decide on the future of the company's direction before it becomes too late.

Barbara Jorgensen
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When to fold 'em...
Barbara Jorgensen   1/5/2012 5:18:52 PM
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The advice from the song is classic and applies to every decision imaginable. Too many great companies have failed because of management's ego or insistence they are right and everybody else is wrong. That's what boards are directors are for -- a reality check. Sounds like it might be time for RIM's top management to walk away...or at least consider some of the criticism being levelled at them

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