What do we want? Stability? When do we want it? Now

October 12 - Is it boring to say that in this economy, at this time, given the mayhem that seems to be going on out there, that what the management team decided we wanted for here was some stability in earnings?

Well, given I promoted the idea I think not. But that's not why the others agreed. It's not that we're seeking to avoid the upside, we'll take it if we can have it. Buy we also know there's not much of it around now and we've just had some luck (OK, we grabbed it, but it was fortuitous it came our way) and we're not assuming it will keep happening.

On the other hand losses might keep coming our way.

So we've spent a lot of time on down side risk and still made sure we're open to the upside. And we'll allocate resources to make sure the downside is cocvered, and safety margins with it.

I'm a firm believer in avoiding shock (or awe). Our plan is to be boring but safe to come our survivors. I'd like to be bigger. But ifr anyone said we should go for real growth right now and I'd have one answer and that's 'no way'. There's too much risk in that.

I'm turning all this into a presentation. I hope the shareholders buy it. I could so without dissent. The day-job is hard enough!