GOES AROUND

Back in the early 1980s there was a Federal judge named Harold Green who decided what at the time was a landmark case.

The major telephone company, AT&T or what was then known popularly as Ma Bell, was broken up, owing to his decision, into regional bell companies like Southern Bell, Pacific Bell, Southwest Bell, a total of eight regional companies in all.

All traded on the NYSE and were known as the "Baby Bells." In fact, I owned quite a few, they all paid decent dividends and many appreciated in price. But like most things in life and true to a basic truth of what goes around comes around, less than 25 years later a wave of mergers and acquisitions started until they all merged into now, with few exceptions,what for the most part is AT&T or "Ma Bell."

The issue centered on a 1974 anti-trust filing since AT&T was the sole provider of telephone service in the country. In many quarters at the time it became known as the Green Decision. Little known about Judge Green then and most likely still isn't was his close association with U.S. Attorney General at the time Bobby Kennedy and that Green helped write the 1960 Civil Rights Act.

What makes this story important is really a sidebar about one of the many tens of thousand who worked for one of these Baby Bells, Pacific, named Scott Adams.  Adams was a middle manager who, like many others, was trapped in a job he viewed as boring and monotonous.

To ward off the boredom, he created an affirmation, a powerful one which he took the pains to write down 15 times a day, every day: "I will become a syndicated cartoonist." Adams, you see, had a dream. He yearned to be a successful cartoonist, but most of his work  had only met with rejection.

But as he persisted he noticed certain positive changes  and after several more rejections he landed a position with United Media, a cartoon syndication. Millions today know Scott Adams as the creator of one of the most popular carton characters around, Dilbert. 

There is a law in psychology that if you form a picture in your mind of what you'd like to be, and you keep and hold that picture there long enough you will soon become exactly as you have been thinking. William James                                         
  
For the record James was the brother of famous novelist Henry James and one of the most famous 19th Century psychologist who taught at Harvard.