We want to run this place like the cockpit of a jetliner, where you have hundreds of different instruments before you at all times and know exactly where you are.
Dan England (b. 1948) US CEO of C.R. England. ‘The Mavericks’, Fortune (June 1995)
Jack Schwager was one of the first investment authors to write a pretty comprehensive guide to trading in various markets, a guide fully dedicated to the so well developed nowadays field of technical analysis. The guide contains a pretty classic structure, also used quite often by the other authors in their books. (Which, in my opinion, represents a sort of a tacit recognition of the fact that Schwager was one of the first authors to formalize its method.)
The first thing practically everyone must learn is to take information responsibly.
Peter F. Drucker (b. 1909) US management consultant and academic. Quoted in Techno Vision (C.B. Wang; 1994)
More curious?:
The fewer data needed, the better the information.
Peter F. Drucker (b. 1909) US management consultant and academic. Management Tasks, Responsibilities and Practices (1973)
I’d always rather err on the side of openness. But there’s a difference between optimum and maximum openness, and fixing that boundary is a judgment call. The art of leadership is knowing how much information you’re going to pass on.
Warren Bennis (b. 1925) US educator and writer. Interview, Strategy + Business (July–September 1997)
This piece of news is interesting not because it would impact on any investment strategy…but rather because we are in July 209 and the subprime crisis still haunts the US Treasury. The US government was simply forced to bail out one more bank - this time the smaller CIT bank was impacted.
CIT’s problems surfaced two years ago due to the CEO Jeffrey Peek’s decision taken earlier in the decade to expand into subprime mortgages and student loans, both potentially highly profitable but fraught with added risk. CIT has about $40 billion of long-term debt, according to independent research firm CreditSights. About $1.1 billion of debt will come due in August, followed by about $2.5 billion by the end of the year.
Banks will be in the S&P’s 500 spotlight this week as they release their quarterly earnings one by one. The question of the various analysts is whether the surviving financial institutions will repeat the performance of the first quarter, when they surprisingly posted profits.
It is a matter of public knowledge how envious is Google on Microsoft’s success with the X-Box game console. After all, Microsoft managed to diversify itself very successfully in the hardware sector via a single, yet very desirable product. Google’s forrayal into the hardware software has led to the creation of the Android mobile phone, which was not by any means a success (nor a failure, since it brought some profit to the company). Yet, Google has its own standards for the success - and anything below the number one position in a market seems to be unacceptable.
This is probably the reason why Gogle has embarked on a dangerous journey. Google is planning to attack the Microsoft corporation on its very core turf 0 the operating system market.
