Chapter 8

Strategy Sufficiency

I discovered a passion for stock market trading six months before the big dot-com crash in March 2000. Online trading tools were growing dramatically in capability. I tentatively bought a few tech stocks, and within a few weeks they had doubled in value. Hmm, I thought, that’s encouraging; I should invest some more. I knew the looming risks of a market downturn and so decided on a couple of mutual funds instead of individual stocks for my next investment, which was much bigger. Three months later, the dot-com bubble burst and my total holding ended up at about half the value of my original investments. The mutual funds hadn’t been diverse enough. Thankfully, I hadn’t put too much into the stock market in total. ...

Get Why Digital Transformations Fail now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.