As many people can tell you, I like to talk about the importance of combining innovation and strategy to ensure long-term company growth. And I’ve learned that lesson first hand. I used to work for Motorola and, while there, bought some stock in Iridium. Iridium was a satellite phone system that could replace all of our limited coverage problems with phone service that worked anyplace on earth. Innovative and cool! My stock purchase was only $1,000 but I just knew that stock would do well. I even chose not to sell when the stock almost doubled, believing that there was still a strong upside. Instead, I held on until the astonishing drop to a nearly zero valuation.
Sep 28
