Fable: Being Brave
There was once a man who was asked to look at a struggling wireless network.
He told the owners to close it down, write off the £280 million invested in it, and spend another £700 million on a brand new network.
Finding the new network inadequate, he asked the owners for another £250 million. And got it.
A year later the new network opened.
Three years later the network went public with a value of £2.5 billion.
Four years after the IPO, the network was bought for £30 billion.
Moral: Fortune favours the bold.