Category: Business

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!

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

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

Now you see it, now you don’t!

Bermeja (Mexican Gulf) – anyone seen my island?

There’s a wonderful story in last week-end’s The Sunday Times, a British newspaper, written by Matthew Campbell concerning the loss of an important island that has been used previously to define the limits of Mexico’s maritime

Old map with Bermeja
Old map with Bermeja

border (read oil!).  Here’s an extract:

The mystery has come to haunt Mexico as unrelentingly as one of its beloved soap operas: where is Bermeja, an island off the Yucatan coast that appears to have vanished without trace?

The disappearance of Bermeja is no laughing matter – it would allow Mexico to extend its maritime border some 55 miles further north, helping it to fight off what it sees as American encroachment on its claims to potentially vast oil reserves in the Mexican Gulf.

Read more of this Post

Johnathan Wilson Lewis – another thinker.

Fourier approaches to the theory of volume holography.

Anyone who takes a doctorate with the above subject title has to have a well-functioning brain.  I know John.  He does.

John Lewis, as I have always known him until reading his Blog, and I met a good many years ago when we both were members of a private flying group that operated a Socata (French) TB20, G BPAS.

TB20 G-BPAS
TB20 G-BPAS

It was based at Exeter in Devon, SW England.  Both of us were/are private pilots.

We flew together on many an occasion and it was clear from the start that John approached everything in life from, well in his own words, “…. motivated by an interest in what things are, how they work and how they are used.”  Say no more!

Well, as luck would have it, the joys of social networking brought us back in touch recently and we had a jolly good chin-wag.  With a bonus.

Read more about John Lewis

Precision engineering

Technology is so much more than bits and bytes.

Recently had the opportunity to visit a factory belonging to Horst Engineering in the nearby town of Guaymas (pronounced whymas), Sonora, Mexico.  The factor manager is an American, Andy Law, who, with his lovely wife, livesHorst 2 across the road.

It is simply ages since I have seen a precision engineering factory at work.  Not only was I impressed but it took me on a long trip down memory lane, with a couple of strands: engineering tools and the British defence industry.

But before the reminisces, a word about the calibre of the young Mexicans working for Andy.  Unlike so many of the locals who one comes across, these bright, young men and women are committed, self-motivated, multi-lingual (Sp/Eng) citizens. It was a treat to observe them and hear Andy speak so highly of them.  Mexico sorely needs up-coming generations of highly capable people.

Continue reading “Precision engineering” →

Patrice Ayme and truth

Intelligence at the core of humanism

A while ago a comment on Baseline Scenario jumped off the screen at me.  I was intrigued because the author of this comment used words with power and insightfulness.  That author was Patrice Ayme.  It’s a nom de plume. [NB. Not it isn’t, see comments below] The sub-heading at the top of this Post is from his Blog.  Here’s an extract from the About section of that Blog.

This is a site that tries to find out what is really happening, and what is not, what is right and what is wrong, on many important questions, and in all sorts of ways. In other words thinking is applied relentlessly, the way evolution made it, as the ultimate instrument of domination of anything in sight (be it domination of oneself, of one’s own ideas and emotions, or domination of the universe). Thinking evolved to predict effectively and ambitiously, not to cower in a corner, modest and dazed. Prometheus’ punishment was a regrettable misunderstanding: we did not steal fire from someone, we created our mastery of fire, and fire made us what we are, as we wished. Mastering fire was not a sin, the Greco-Romans were wrong on that one. Fire was part of what we have evolved to be; masters of the universe, for better or worse.

Read more about Patrice

Cell phones and cancer

Is the mobile telephone industry being honest?

A report released by the International EMF Collaborative last week has some disturbing information in it; that cell phones (mobile phones in Europe) are more likely than not to be a causative factor in some cancers, most notably brain cancers.

That information will not come as a surprise to anyone as rumours have been circulating for many years.  What is driving-while-on-cell-phoneworse (if brain cancer wasn’t bad enough) is a growing view that the cell phone industry may have been trying to skew the results in favour of the industry.  If proven, that sort of corporate behaviour underlines the value of integrous living as the only way of creating a society fit for all.

The International EMF Collaborative claims that the Interphone study, which begun in 1999, was “intended to determine the risks of brain tumors, but its full publication has been held up for years. Components of this study published to date reveal what the authors call a ’systemic-skew’, greatly underestimating brain tumor risk.”

Know of young people using cell phones? Then read more and pass this Post on to them.

Read more about this study