Confusing facts and opinions

It is not things that disturb us, but our interpretation of their significance. Epictetus 55 – 135 A.D. Often, changes happen in our lives. When these events occur, too many of us automatically assume that a specific outcome is bound to follow. In essence, we give our opinions the weight of fact, thereby influencing the subsequent events. Consider an example. A person loses his job. As a result, he assumes that he faces financial ruin. Financial calamity isn’t yet a fact; it’s an opinion. It is one interpretation of the consequences of a factual event. But when we give our …
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Your inner critic

In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing. Theodore Roosevelt 1858 – 1919 I was recently working with a businesswoman in the New Orleans area; she’s been having problems adapting to all the changes occurring in her industry. Her business imports products from Europe and sells them throughout the US. Well, the Chinese have started making competing products that are higher in quality and lower in cost. So her company is in a very bad position. …
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The bad economy

There is no security on this earth. Only opportunity. Douglas MacArthur 1880 – 1964 You’d need to be hiding under a huge rock to have missed all the doom and gloom that the news media has been spreading over the past couple of weeks. There’s no doubt that we’re facing some challenging times. Economic conditions tend to run in cycles. First, there’s euphoria and everything is rosy. We throw caution to the wind and spend like there’s no tomorrow. Eventually, this cycle runs its course and things turn a bit ugly. Then we have to pay the price. There are …
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