Wall Street Paradigm In 1960 an engineer working for a
watch company in Switzerland discovered that a small crystal
would vibrate at a constant rate. He found this was so
accurate that it could be used to calibrate time so he took
it to company management and said it would make an entirely
new kind of watch that had no springs and no gears. They
could not imagine who would want such a thing. Swiss watches
dominated world commerce. They did not even bother to patent
it.
The inventor took his new idea to a commercial trade show,
set up his booth and tried to interest manufacturers to
produce his new kind of watch. Of the thousand people only 2
were willing to try it ? Texas Instruments and Seiko Corp.
of Japan. Ten years later the Swiss manufacture of watches
had shrunk to 10% of it former production.
It took a complete change of thinking to produce this new
model because most people are rooted in the old way and are
reluctant to change. The new model, the new paradigm is
refused.
Now I want you to think about another paradigm. This time
a model for your investment portfolio.
http://stock-trading-resource.blogsp
ot.com/2007/02/wall-street-paradigm.html
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