We all wake up in the morning, look in the mirror and maze at how fantastic we are. It’s true – we are all great… Read More »Grow Your Company and Your Career – Follow a Recipe
Senior finance professional with more than 15 years of diversified P&L management, financial analysis, cost reduction and reporting system experience in the commercial finance and accounting. Besides multi-country team management, demonstrated capabilities to analyze and support sales growth, profit margins improvement, as well as sustainable cost reductions. Top notch business and professional qualifications - top 40 MBA (Hons.), FCCA, CIA, CIMA and others.
Who says share investors are rational? I mean, beyond a handful of Nobel for economics winners (Merton & Scholes, Akerlof et co.).
Today’s US technology shares were rattled by two tweets from President Trump. No numbers mentioned, only acid comments on China – and the own-elected FED Chairman. The technology shares plunged immediately an average of -2,5%, whilst other US indices went down:
If you want to have fun + read a good book + learn new finance trivia (or MBA) stuff, there are very few books available. The money literature is enormous, do not get me wrong. But among the more than 5,000 money books published every year there are very few that tick all of the boxes:
– fun to read;
– well written;
– factual / realistic / well documented;
– vivid and
– … Informative.
These being said, there are lots of fantastic money books out there, some of them unforgettable. Here is my list of the light & fiction money books ever written:
1. Niall Ferguson – “The Advent of Money”
Believe me, I studied finance for more than 20 years. Yet, this financial history of the world is so well documented and written, that it is a little encyclopedia on itself. Niall Ferguson writes facts-packed historical books about less dissected topics. “The Advent of Money” is actually the best reference for anyone who wants to understand how we got here. Read it and your understanding of money will change.
This Simplicient Controlling blog will focus on the merger of the financial and operational KPI performance measurement. More exactly, on the pro’s and con’s of… Read More »Simplicient Controlling 9 – Financial vs. Operational KPIs – A Case for Merging Them
After trying to test Apple TV+, I got a new concern: the message “Your funds are currently unavailable” on the upcoming Apple Pay service. Yes, it is a hard job to stay at the top of the electronic services food chain – and there are signs that Apple is too big and sliding on the maturity curve.Read More »Apple‘s Lifestory – New Services Overextended 2.0 – Apple TV+ Imperfect
Controllers are number crunchers – aren‘t they? A controller is the person who comes to you with a long table, filled with numbers, and uses a red pen to highlight differences.
Unfortunately, not anymore. Business or sparring partner (a term used often in recruiting finance managers) means more than that. To be brutally honest, C-level managers rarely care how much time spent a controller crunching the data and coming up with a deviation analysis. But the C-level bosses will very quickly (matter of minutes) point to a graph bar and mention that there is a problem… Well, I guess in most cases the controller did not spot the issue and needs to follow up. And this re-iteration process goes on and on… tiring up the financial wizards.Read More »Simplicient Controlling 8 – Number-Cruncher or Sparring Partner?
To say that the Internet is an integral part of our lives is certainly an understatement. And David Weinberger, the famous American technologist who wrote the first Internet marketing, seems well placed to write about it. In a world where everything happens at once, where technologies combine with AI to deliver more-than-human results, „Everyday Chaos“ comes a bit late. Yet, here it is – a verbal pictorial of how our humble lives are swirled everyday, over-analyzed then categorized by a myriad of machines – equally hardware and software.
Thus the question is – are we humans still self-propelled decision makers anymore? „Everyday Chaos“ says otherwise – we are:
1. Overtaken in decision making accuracy and speed by machines;
2. Dependent on them…
3. … and even more worrying, enjoying this dependency.
In a sci-fi turn, David Weinberger almost asks himself toward the end of the book if we are the masters or the followers in this brave new world. To make a tech joke – „Everyday Chaos“ stops shortly of asking the question, since the machines have already read his book and put a marker on author‘s lesser habits. On a more serious note, what makes us humans starts to become a slightly more marginal competitive advantage. Harvard Business Review Press‘ title is full of factual evidence towards that. AI machines overtake us in chess, medicine diagnostics and constancy of service.
We humans are still programming them. Which gives us the „upper-hand“ illusion – coupled of course with the physical ability to generate electricity from regenerating resources. Fair enough…
On a more practical note, „Everyday Chaos“ advances the theory that various societal organizations (business, governments, NGOs, political parties etc) must accept and embrace the more and more entropic nature of technology. Beneath the apparent surface of a self-defined order, there lie chaotic processes that self-accelerate and regenerate into building their own evolutionary niche. Weinberger‘s thesis from this HBR press book states therefore that one must embrace and ride these chaos waves. Otherwise, ignoring or (worse) retro-justifying them might actually push the respective individuals behind to their niches – which cannot be good in any case.Read More »„Everyday Chaos“ by David Weinberger – a HBR Book Review