Can You Walk Away, Jerry Yang?

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37 Responses

  1. MoneyCone says:

    Jerry lost his way a long time back! Sad how Yahoo’s become an also-ran. Considering the number of acquisitions Yahoo’s botched, they would’ve failed even without Google.

  2. I have a hard time letting go of bad investments too. It’s better to be analytic, but we are all human and our emotion gets in the way. Hopefully, Yahoo! can salvage some of their businesses. A break up is probably the way to go for them.

  3. krantcents says:

    Good points! Walking away is a technique in negotiation too. Jerry Yang and Yahoo lost an opportunity and now Google is huge. It is very hard to compete when the other guy has momentum.

  4. Essentially what you are indicating is not to get emotionally attached to a thing which may lose value. Tell me if someone offers you $5k to sell this blog, what would you do?

  5. Jerry is gonna ride Yahoo to ZERO!

  6. Untemplater says:

    I love that song!! Those lyrics are so true. Thanks for including the video. I’m going off to sing now….You’ve got to know when to hold ‘em. Know when to fold ‘em. Know when to walk away. Know when to ruuuuuun…. -Sydney

  7. Getting emotionally attached can cost a lot of money. Over time, I have learned to try and separate emotion but it can be difficult at times. I was a shareholder at the time, and $31 per share would have been a nice profit. Oh well, I still got out on the positive side.

  8. My brother and sister-in-law bought a house based on two incomes, only to have my sister-in-law stay at home after they started having kids. Now they are struggling to make ends meet with this huge home. It wasn’t their only mistake mind you. They also have failed to radically change their lifestyle. Sad for them, but I have learned a great lesson. Walking away from a really nice house may be the best advice for many.

  9. Great post Buck. For me and walking away, the hardest one is people. There has been some friendships I have had in the past that now seem to be a dud. I always seem to have to put in the effort and it is never reciprocated. Really it is time to walk away and move on. I just have such a hard time giving up though.

    • Buck Inspire says:

      Didn’t think of this, but yes this applies to relationships, too. In a weird way, friendships can be viewed as investments. Ideally everyone benefits. But if you are getting less than what you put in, it may be time to walk away!

  10. I think it’s important to accept the fact that emotion plays an important part in our decision making. Many times we don’t realize it, so it’s good to have someone who can point it out to us.

  11. Interesting perspective. I agree with your sentiment, and acknowledge how difficult it can be to distance emotions from economic realities. I wonder how much sentiment foreign investors have towards the U.S. dollar?

  12. Perhaps it would help to practice walking away with less critical situations, like at a garage sale. Do some bargaining with a plan to walk away if you don’t get X price. Do the same on ebay. Practicing controlling our emotions could help when more is on the line. I think this would help those who are not used to bargaining.

  13. Superb article. It is so important to stay on your toes and take nothing for granted.

  14. Aaron Hung says:

    weighing the pros and cons is very important in all decision makings, it helps make the right judgement. Great post Buck :D

  15. 101 Centavos says:

    Emotion is a killer. Sure that Jerry Yang should have taken the deal, but he’s too emotionally invested.

  16. I learned an important lesson with an IRA I had setup to trade some stocks. I tried to get clever and it bit me in the arse. I still have the IRA account but am not so clever anymore! One positive thing that came out of that experience was that I learned how to use stop loss orders.

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