In 2015, I witnessed a troubling incident involving a colleague who had served as the company’s finance manager for five years. As the financial year drew to a close, the CEO decided to implement budget cuts to save money, proposing layoffs as the solution. Despite the finance manager presenting several viable alternatives to avoid job […]
If a farm experiences poor crop yields for many seasons, it means three things: the quality of the seeds may be bad, the environment is not suitable for farming, or the farmer crops’ cultivation is not proper. Similarly, if a business has been in a state of continuous decline, it means three things: the foundation […]
In Aug 1971, President Nixon ended the dollar convertibility to gold announcing the collapse of the gold standard which was created after WW2. Two years later, petrodollar system came into existence in 1973 to maintain the global demand for U.S. dollars as all oil sales will be transacted in US dollar. The United States dollar […]
In chessboard, the army moves to capture the opponent’s pieces. When the opponent’s king is checkmated, the game is over. The ranks from the lowest to the highest in the army die to protect the king. This contradicts the rules of true leadership where the king, namely the leader should frontline the battle and strive to face […]
It is not flipping a coin. It is not about probabilities, statistics, assumptions, presumptions and complex modelling predicting the winner. Which candidate is the best choice for the stock market or for the stimulus checks? Who will win the US presidential election on Tuesday, November 3, 2020 Trump or Biden? Thinking this question causes you a blurry vision […]
Adam Smith, the father of capitalist theory and modern economics, proposed in his book “The Wealth of Nations” in 1776 a different capitalism that could work for the common good if the market was left to regulate itself without government interference. Since its inception, capitalism has never worked as Smith envisioned. It has been just […]
Since Covid-19 hit the planet early this year, most businesses swiftly changed their business models from offline to online. The number of businesses which are born online every day is staggering. To survive, go online. The trend is online. It is a survival game which is understandable, but how many me-too businesses and me-too products […]
Romans kept the amounts of gold and silver in the minted coins unchanged, they would not have been able to increase spending and wage more wars.
Close the planet for three months and you get a massive global economic downturn. You should not be a Nobel laureate in economics to understand this.
A lot of discussions in the news about the potential return to the gold standard after the collapse of the dollar or the petro-dollar standard. The fact of the matter is that central banks love booms and busts. Gold prevents them from booming and busting the markets. Gold cannot be printed from thin air. It’s […]
