Global Economy

Wall Street “Wizards” Just Presided Over the Biggest Money Drain in History – And They Are Getting Off Scot Free

Posted by on November 27, 2012 at 12:19 pm

Executive Memorandum CONFIDENTIAL To: The New CEO From: The Previous CEO Date: November, 2012 Re: Wall Street “Wizards” Just Presided Over the Biggest Money Drain in History – And They Are Getting Off Scot Free I imagine you are as furious as I am at the way Wall Street’s minions managed their global bloodletting.  They [...]

The New Reality

Posted by on October 2, 2012 at 10:23 am

Confidential To: The CEO From: The Former CEO, now Chairman of the Finance Committee Date: October 2012 Re: The New Reality Thanks for the extremely gracious reception you gave my last memo. I’m glad you found it useful. Thanks also for asking me to write another memo. I’m flattered. Doubly so because I really intended [...]

General Electric

Posted by on September 10, 2012 at 12:02 pm

“General Electric, during the Jack Welsh era, when the company’s flagship product was not an industrial turbine or a refrigerator or medical imaging device but a quarterly earnings number that reliably met or ever so slightly exceeded earnings guidance.  Because of Environmental’s demands for reliability, work is only secondary in the business of making stuff [...]

Dr.Murry: Commencement Address at UCLA

Posted by on July 12, 2012 at 10:56 am

Dr.Murry was one of three people (Big Short) who predicted and took advantage of the housing crisis, credit default swaps and the collapse of Aig.  His commencement address at UCLA is a tutorial on how he did what he did.  He explains his logic, decision making and big bets.  The government instead of asking for [...]

Declining Expectations About the Future

Posted by on August 30, 2011 at 4:46 pm

We find ourselves in a period where it is presumed that the future will be less attractive than the past. This seems to be the case, not only in the United States, but also throughout much of the world. While the expected deterioration can be attributed to a variety of causes, there doesn’t seem to [...]

The Black Swan

Posted by on March 17, 2011 at 3:25 pm

The Black Swan is a highly improbable event with three principle characteristics: it is unpredictable; it carries a massive impact; and after the fact, we concoct an explanation that appears less random and more predictable than it was. Japan is living through the aftermath of a Black Swan.  Black Swans change the way you look at the world [...]

India’s Improvisation

Posted by on November 9, 2010 at 9:24 am

Indian innovations focus more on creative improvisation by which it strives to solve the common man’s problems. India’s constraint-based innovation, which is aimed at ingenuity of product, has received high acclaim across the globe. Tata Nano is one of the best examples. It gave wings to the dreams of the average Indian of having a [...]

Response to: “Global Forces: An Introduction” in McKinsey Quarterly

Posted by on August 16, 2010 at 12:34 pm

McKinsey Quarterly accepted the following Steven Weiss comment to this article: There will be political divides on most of these key trends as each one has a political component. In some cases the political divide will be greater then the economic divide. The business implications will be unexpected—so will the political component.

Response to: “Applying Global Trends: A Look At China’s Auto Industry” in McKinsey Quarterly

Posted by on July 27, 2010 at 11:54 pm

McKinsey Quarterly accepted the following Steven Weiss comment to this article: Assumption-based planning would also be an important tool in monitoring the progress of each scenario. It would provide an additional discipline to think through the problem and the remedies. Furthermore, what Mr. Weiss couldn’t include in the comment are the following observations: By [...]