Visiting customers, eating, drinking and flattering them, he thought he had a lot of credit and often taught me "you need to learn more marketing." He thought he was good at marketing and equated marketing with low-level table eating and drinking.

After I fired the money manager, I had a chat with him once. He told me that money manager used to say that he was not always in front of him. In a communication with his supervisor, his subordinates also said that money manager was always going east from above. He turned west and went backwards from above. He did not do anything at all for the next two...