213 comments on DrumBeat: March 21, 2008
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213 comments on DrumBeat: March 21, 2008
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Wasn't it Dr Abernathy that said -- regarding smoking; "Do as I say, not as I do?"
WT may be constrained in following his own advice, but it doesn't mean it's not sound.
Being above market price in a falling price environment is not a good place to be--much better to be somewhat below market price in a falling price environment.
This also holds true for labor costs, which is one of the advantages of implementing aggressive cost cutting, it allows you to underprice your competitors for declining job opportunities. If people want to do as I did, you should give some serious thought to going into to your boss's office and demanding a pay cut.
I'm using the strategy as I attempt to sell my Subaru. Unfortunately, the glut of used Subarus plus this strategy still have not resulted in a sold Subaru.