Don't let your ego keep you from knowing when to quit
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Don't let your ego keep you from knowing when to quit
After significant financial, emotional or psychological investment in something, leaders can have an incredibly difficult time writing it off. News Corp. spent $580 million on MySpace in 2006 and poured investment money into it for years and years as it bled market share to Facebook. It was eventually sold for $34 million.
The idea of being first and the idea of the turnaround are extremely seductive, but the greatest leaders have learned when to quit from the times that they failed.
* Bing: Which famous entertainer recently invested in MySpace?
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How many credit cards should one person have?
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- 73 %Just one. Credit cards should only be used for emergency situations.
11,688 votes - 16 %As many as you can. Credit cards are a great way to make purchases and get great rewards.
2,612 votes - 11 %None. You should never buy anything on credit.
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