…at the memory bank.

There is a story in our Toronto newspaper today about Bobby Curtola, a singing idol from the 60’s who visited recently and was called onstage to perform some of his songs like, “Fortune Teller”, “Corinna, Corinna” and “Three Rows Over”.

money crystal ball

No doubt most of you are saying “Bobby who”, but most of us older folks remember him and when I drove my wife to work this morning, we were even singing the song “Fortune Teller. It is rather amazing that forty years later, we can remember the words! That is a lot of information kicking around maybe even pushing out or preventing storage of details and sources for credit that would be of value to us if only we could remember at the right time?

It is always good to improve our memory, but don’t remember what you don’t have to. Albert Einstein was asked once how many feet there are in a mile. He said, “I don’t know. Why should I clutter up my mind with facts that I can look up in a few seconds in a handy reference book?”
Recently, I came across a great reference tool for Commercial Credit. It is the Encyclopedia of Credit, sponsored by the Credit Management Association, a FREE resource specializing in topics related to corporate credit management.

Michael Dennis is the creative force behind the EOC and tells me they may have the equivalent of 1,500 single spaced pages dealing with such topics as: Accounting, Banking, Bankruptcy, Business Law, Career Management, Collections, Dispute Resolution, Ethics, Exporting, Fair Debt Collection Practices, Financial Statement Analysis, and Government Regulation.

Best of all it is searchable! Another great in the field of credit, Dennis Gaulin, author of ‘Ready, Net, Go’ always said, “Search, don’t Surf”.There is opportunity to get involved also – ask questions, make improvements and contributions.

Bobby sang about looking into a crystal ball to know more of what is going on in the world. The EOC may very well be your crystal ball for Credit & Collections.

Pithy Quote:
“Live by the crystal ball and soon you learn to eat ground glass”
…Edgar Fiedler