In his song "The Gambler," Kenny Rogers sang,
"If you're gonna play the game, boy, you gotta learn to play it right. You've got to know when to hold 'em, know when to fold 'em, know when to walk away, know when to run."
and,
"Now every gambler knows the secret to survivin' is knowin' what to throw away and knowin' what to keep."
Too often, I think, managers in declining industries act as if they don't know what to throw away and what to keep.
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