The Cause of Bad Proposals?

The Cause of Bad Proposals?

Imagine you are the CEO reporting to your Board of Directors at next quarter’s Board Meeting and you present the following:

“During the past three months Vague and Foggy, Inc. invested in four lots of lottery tickets at $10,000 each. We bought 10,000 tickets for a total of $40,000 and thought we had a very good chance of winning more than $3M. However, to date we have only won $3.00 on one ticket. Therefore, next quarter we plan to invest in six lots to improve our chances of winning.” Continue reading “The Cause of Bad Proposals?” »