Year: 2009

Sunday smile … and passion in business

First impressions, reliable or not?

This joke that I received recently might amuse you:

Light travels faster than sound. This is why some people appear bright until you hear them speak.

That happens! In some cases, you might have preferred to retain the first impression and wish that they had never spoken!

But sometimes, this “don’t judge a book by its cover” effect can work in the opposite direction; as a result, I nearly missed out on enjoying a passionate presentation.
Read more about passion!

Patrice Ayme, 9/11 anniversary thought

This is not comfortable reading.

Patrice published a Post on his Blog last September 11th.  Not being an American it felt wrong to echo that publication by linking to the Post on the 11th as well.  No logic, just the way it felt!

But it is so deeply interesting, that not to highlight the Post would be wrong.  This Blog, after all, is about integrity.  In that process, if the truth is uncomfortable, so be it.  And if others think that Patrice doesn’t speak truthfully then they must speak otherwise.  You see, integrity is really the pursuit of truth.

Patrice’s subject title is: Why France Is Bad: Profits Define Goodness.

Read an extract from Patrice’s Post

Unfamiliar territory for stockmarkets

Stockmarkets in very foreign territory

On August 6th, a Post was published on this Blog with the title of This is going to end in tears!

It was prompted by an article by Karl Denninger and a footnote piece from Dave Rosenberg of Gluskin Sheff.

Also included were the US and UK prices for 4th August (about 7am MT) more for my own curiosity than anything else.  They were:

Dow Jones 9295, S&P 500 1,001, NASDAQ 2002, FTSE 100 (now closed) 4671.

By comparison, here are the figures for these markets (all closed at time of writing) for the 18th September.

Dow Jones 9820, S&P 500 1,068, NASDAQ 2133, FTSE 100 5173.

Well another fascinating muse from Mr Rosenberg was in this morning’s inbox and important extracts are below:

Read Rosenberg’s comments

Another breath-taking picture from Patrick Smith

Cannon Beach, Oregon

Copyright (c) 2009 Patrick Smith Photography
Copyright (c) 2009 Patrick Smith Photography

Patrick says of this picture:

This is a view that includes only one of the needles, so that you can get a closer view of Haystack Rock. The light was too good to resist for about two minutes, so I captured several variations of this scene..

Photograph reproduced with the kind, written permission of Patrick Smith.

By Paul Handover

Naked Capitalism – can you help?

Anybody out there who can offer some support?

Yves Smith is responsible for the Blog, Naked Capitalism.  It’s a great Blog and it must take a huge amount of effort to publish the volume of information that Yves does.

Yves has a problem, read here, an extract from his Post below:

Dear patient readers, this is a bit of sentence first, verdict afterwards, but it is 6:00 AM and I have spent all day and all night dealing with copy edits and am still behind the eight ball and need to sleep too, or my productivity will go from poor to non-existent.

So you get an antidote now, and if you check back later, I will fill in some links for your delectation, and hopefully at least a wee post too.

Sorry about this, I feel bad about neglecting the blog, particularly after the technical difficulties of last week, but the WordPress problems put me further behind schedule. And to be honest, they weren’t just WP.

If you can help or know someone who could, then contact details are here.

By Paul Handover

Barnstorming

As the film says, Friends can really drop out of the sky.

Copyright 2009, Barnstorming Productions, LLC
Paul Glenshaw, Copyright 2009, Barnstorming Productions, LLC

Read about the film Barnstorming

Positive mindsets.

Can a positive mindset achieve results? Yes, but only with positive actions.

On the 14th September I started this idea of thinking your way to success with this Post, Success is an Attitude.

I want to follow that up with a few words on positive thinking or mindset.

All you have to do is a Google search about ‘a positive mindset’ and you will be flooded with free information.

Although this seems great at first, you have the unfortunate task of working out which information you can trust.  I don’t mean to say that you will be supplied with incorrect information, I do however have my concerns about complete information.

I have spoken to numerous people who cannot understand why failure hits them when they have tried to be so positive.  I have also spoken to successful people who have a very positive outlook on life.

I am firmly of the opinion that a positive mind is essential.  If your mind is burdened, the likelihood is that you will worry and all your mental energy will be consumed.  You will fail then to pick up from your surroundings what you should and will not see the opportunities that are everywhere.

However, if you have a positive mindset, you will be more likely to ‘see’ and appreciate your surroundings.  Further, think_you_canyou will be able to identify and appreciate opportunities.

In reality, all a positive mindset does therefore is allow you to see opportunities.  But seeing is not enough.  If you do nothing but see, you must accept failure.  You must examine carefully the opportunities that present themselves and act upon those that merit action.  It is the action that will lead you to success.

In conclusion it is positive thought and positive action will lead you to fulfil your goals and ambitions.

By Dapinder Bains

What not to say

John Lewis joins Learning from Dogs

On September 3rd, a Post was published about John.  Anyone who read that Post will understand the pleasure that both John and I got from being re-connected.  Subsequent chats since that Post have shown that there are many parallels in the way that we think, see the world, and speculate as to what, really, is going on!  It was inevitable that I would ask John to join Learning from Dogs and, when I did, John’s immediate ‘yes’ was proof indeed that this was the right thing for us.  A strong desire to do something is always important.

John’s first Post shows that he will be welcomed by all who read this Blog.

Paul

Read John’s first Post

Lehman Brothers – whoops!

Wonderful article in the Financial Times about the importance of IT documentation!

Unwinding derivatives is a complex task at the best of times. In the case of Lehman, one of the biggest dealers in some of the most complex derivatives markets, this has been even more so. Lehman’s global derivatives book included contracts with a notional face value of $39,000bn and deals with 8,000 different counterparties when it went bust. The derivatives business was actually split into multiple strands, backed up by between 20 and 30 different systems.

Once it went bankrupt, the staff who supported these systems “evaporated”, according to Steven O’Hanlon, president of Numerix, a pricing and valuation company which is working with Lehman Brothers Holding Inc to unwind the derivatives portfolio.

Say no more! Full article is here.

By Paul Handover

Lehman – 1 year on.

Exactly a year ago, Lehman Brothers filed for bankruptcy.

I shall avoid the temptation of pontificating on the subject as many, many others, far better qualified, will be doing so!Leyman

But two published articles seem to me to be worth visiting, one from October of 2008 from The Economist, and one from The New York Times.

Lastly, a personal comment from friend Dan that shows powerfully how the last year has affected him.

Read more of this Post