New Champions – The Story of Emerging Markets
The lessons of newly emerging champions in the global economy from a Davos CEO forum: • You have to have a mission. A mission of creating a better world for your children. • Make impossible things happen. • Be bold and persevere. • Be a bridge. • Rethink cultural biases. • Rethink where talent is – create talent. • Empower women. • Rethink where innovation...
Read MoreThe Strategy Dilemma – Overshooting And Undershooting
I clearly remember my first landing practice in Fighter Pilot course. My flight instructor demonstrated the pattern around the airbase from take off, upwind, crosswind, downwind, base and final approach to landing. He then handed the control over to me. My first approach to landing the plane was a huge overshoot. I was so surprised that in my next attempt, I seriously overcorrected. My second...
Read MoreThe 3-Legged Stool Of American Supremacy And The Dollar Crisis
The Roman Empire ruled the world by conquering land. It came undone not by an external enemy but because it crumbled from the inside, at its core. The British Empire did not need to conquer land to rule the world. It controlled the sea with its navy and thereby controlled commerce and the world at that time. The beginning of the end of the British...
Read MoreBillion Millionaires
The recent Futurist, the World Future Society magazine offers 70 forecasts for 2008 and beyond. The first forecast is: The world will have a billion millionaires by 2025. It says that according to James Canton, author of The Extreme Future globalization and technological innovation will drive this increased prosperity. I have not read yet the book but I have a few quick reflections. First, I...
Read MoreThe Subprime Mood of Summer 2007
(This was written during the August Market reaction when we were preparing the blog). What has caused the stock market to suddenly pull back in the August of 07? What are the possible scenarios involved? What will history say about this: Credit meltdown? Vanishing liquidity in the markets? “Predatory lenders” selling mortgages to collect commissions and pass on the loans knowing full well they will...
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