Tuesday, July 7, 2009
Friday, July 3, 2009
Monday, June 15, 2009
Sam Walton - Quotes
Commit to your business
Share your profits
Motivate your partners
Communicate with your employees
Appreciate
Celebrate your success
Listen to all in your company and customers
Exceed your customer's expectations
Control your expenditure better than your competition
Ignore the conventional wisdom to think out of the traditional
Share your profits
Motivate your partners
Communicate with your employees
Appreciate
Celebrate your success
Listen to all in your company and customers
Exceed your customer's expectations
Control your expenditure better than your competition
Ignore the conventional wisdom to think out of the traditional
Andrew Carnegie - The road to business
A man who wants to go ahead must go beyond the range of his special department. He must attract attention.
There will always be boon in brains. So cultivate that crop, for if you grow any amout of that commodity, here is your best market and you can't overstock it. The more brains you have to sell the higher price you can demand.
Don't put all your eggs in one basket is all wrong. I tell you to put all your eggs in one basket but never lose sight of that basket.
Edison
The brain that isn't used rusts. The brain that is used responds.
The man who does not make up his mind to cultivate the habit of thinking misses the greatest pleasure in life.
An executive is a master of his time. He systemizes his minutes.
J.C.Penny
Unorganized work without an eye on the goal is generally futile
Leadership is a quality that transforms a group of people into a team.
Nothings leads as well as example.
Great leaders always take responsibility. They never pass the buck. They are the ones it stops at.
Ben Franklin
A sleeping fox catches no poultry
Diligence is the mother of good luck
Plough deep while the lazy sleep and you shall have corn to sell and keep.
Drive your business and let it not drive you
Be ashamed to catch yourself idle
if we are industrious we shall never starve, for hunger looks at a working man's house but dares not enter.
The second vice is to lie, the first one is to run on debt.
A borrower is a slave to the lender
There will always be boon in brains. So cultivate that crop, for if you grow any amout of that commodity, here is your best market and you can't overstock it. The more brains you have to sell the higher price you can demand.
Don't put all your eggs in one basket is all wrong. I tell you to put all your eggs in one basket but never lose sight of that basket.
Edison
The brain that isn't used rusts. The brain that is used responds.
The man who does not make up his mind to cultivate the habit of thinking misses the greatest pleasure in life.
An executive is a master of his time. He systemizes his minutes.
J.C.Penny
Unorganized work without an eye on the goal is generally futile
Leadership is a quality that transforms a group of people into a team.
Nothings leads as well as example.
Great leaders always take responsibility. They never pass the buck. They are the ones it stops at.
Ben Franklin
A sleeping fox catches no poultry
Diligence is the mother of good luck
Plough deep while the lazy sleep and you shall have corn to sell and keep.
Drive your business and let it not drive you
Be ashamed to catch yourself idle
if we are industrious we shall never starve, for hunger looks at a working man's house but dares not enter.
The second vice is to lie, the first one is to run on debt.
A borrower is a slave to the lender
John L. Mc Caffrey - The Book of Management Wisdom Quotes
The mechanics of running a business is not very complicated when you get down to essentials. You have to make some stuff and sell it to someone for more than it cost you. That is all there is to it....except of course a few million other details.
As a president you will learn to sorrow that, while a computer never sulks and an algorithm is never gets jealous of another algorithm, the same can't be said about humans.
As a president you will learn to sorrow that, while a computer never sulks and an algorithm is never gets jealous of another algorithm, the same can't be said about humans.
Words of Wisdom - Part II Quotes
Alfred P. Sloan Jr - The Book of Management Wisdom
Every executive has to recognize that he himself cannot do everything that needs to get done. Until he recognizes that, he is only an individual with individual's power, but after he recognizes that, he becomes, for the first time, an executive, with multiple powers.
One important thing to know about managing is to make men think and act with individual zeal and initiative, yet co-operating with each other.
We have to choose between two types of organizations - Co-ordinated or Consolidated.
In the former policies are made at the top and orders are issues down. In the other, management comes from the bottom up and arouses individual initiative.
The policies in any business must come from the people who are involved with the problem daily and who need to get the things done to overcome that problem.
Almost everything possible in an organization starts from the bottom. That is where it is and will be carried out. Hence it will be carried out sooner if innovation starts there.
The job of a leader is not to formulate all the decisions, but to provide a channel for letting ideas arise out of a day's work.
Of all the business activities, 99% are routine. They do not require management hand holding except in the aggregate.
You will soon realize that problems change rapidly, techniques and products can be transformed; but unfortunately, people change very slowly if at all.
Dr. Brett has these words of wisdom for us.....
Will Power is like a muscle. The more you use it the stronger it gets.
To Change your life change your habits
You can learn a lot just by observing
If you cant figure out your purpose figure out your passion;for your passion will lead you right into your purpose.
Men move mountains by first chipping away and carrying small stones.
Every executive has to recognize that he himself cannot do everything that needs to get done. Until he recognizes that, he is only an individual with individual's power, but after he recognizes that, he becomes, for the first time, an executive, with multiple powers.
One important thing to know about managing is to make men think and act with individual zeal and initiative, yet co-operating with each other.
We have to choose between two types of organizations - Co-ordinated or Consolidated.
In the former policies are made at the top and orders are issues down. In the other, management comes from the bottom up and arouses individual initiative.
The policies in any business must come from the people who are involved with the problem daily and who need to get the things done to overcome that problem.
Almost everything possible in an organization starts from the bottom. That is where it is and will be carried out. Hence it will be carried out sooner if innovation starts there.
The job of a leader is not to formulate all the decisions, but to provide a channel for letting ideas arise out of a day's work.
Of all the business activities, 99% are routine. They do not require management hand holding except in the aggregate.
You will soon realize that problems change rapidly, techniques and products can be transformed; but unfortunately, people change very slowly if at all.
Dr. Brett has these words of wisdom for us.....
Will Power is like a muscle. The more you use it the stronger it gets.
To Change your life change your habits
You can learn a lot just by observing
If you cant figure out your purpose figure out your passion;for your passion will lead you right into your purpose.
Men move mountains by first chipping away and carrying small stones.
For the Space Investors!!
The Lunar Reconnaissance Orbiter, or LRO, and Lunar Crater Observation and Sensing Satellite, or LCROSS, are set to lift off together aboard an Atlas V rocket on Thursday, June 18.
NASA managers postponed Endeavour's planned June 13 liftoff because of a leak associated with the gaseous hydrogen venting system outside the shuttle's external fuel tank. The system is used to carry excess hydrogen safely away from the launch pad.
LRO is scheduled for a one-year exploration mission at a polar orbit of about 31 miles, or 50 kilometers, the closest any spacecraft has orbited the moon. The primary objective of LRO is to conduct investigations to prepare for future explorations of the moon.
Launching with LRO is LCROSS, a partner mission that will search for water ice on the moon by sending the spent upper-stage Centaur rocket, about the size of a sports utility vehicle, to impact part of a polar crater in permanent shadows. LCROSS will fly into the plume of dust left by the impact and measure the properties before also colliding with the lunar surface.
NASA managers postponed Endeavour's planned June 13 liftoff because of a leak associated with the gaseous hydrogen venting system outside the shuttle's external fuel tank. The system is used to carry excess hydrogen safely away from the launch pad.
LRO is scheduled for a one-year exploration mission at a polar orbit of about 31 miles, or 50 kilometers, the closest any spacecraft has orbited the moon. The primary objective of LRO is to conduct investigations to prepare for future explorations of the moon.
Launching with LRO is LCROSS, a partner mission that will search for water ice on the moon by sending the spent upper-stage Centaur rocket, about the size of a sports utility vehicle, to impact part of a polar crater in permanent shadows. LCROSS will fly into the plume of dust left by the impact and measure the properties before also colliding with the lunar surface.
Wednesday, June 10, 2009
Comparison of Quant Finance Languages
Python is good for quick prototyping and being a general purpose "glue" languge.
NumPy, SciPy, and extensions to other languages (eg C++) and packages (eg R, via RPy
Python 3.0 is not backward compatible with previous versions, as well as (I am told) these nice libraries like NumPy and SciPy. Publicly available libraries are a big plus, given that nothing (reliable) like this really exists in C++, with the possible exception of GSL for C.
Python doesn't have a built-in graphics, so one should use GNUPlot interface or Rpy, which are less convenient than Matlab or R graphics. There is a great package called matplotlib that basically ports all the 2D Matlab ploting functions with virtually verbatim syntax to Python. 3D plots like mesh and surf are not available at the moment (to my knowledge).
I think Python's biggest drawback is its Global Interpreter Lock (GIL). Not only is it confusing and unintuitive, if used incorrectly it virtually limits pure Python codes to be single threads. Of course as Joseph mentioned, you can interface Python with C++ very easily and have your parrallelizable computation code written in C++ with a Python wrapper. Doing so is pretty easy with SWIG and I think there are a few other ways out there as well (I recently stumbled upon a Boost library for doing so and it seems extremely well done and easy, but I have no experience with it)
Python supports multi-threading quite nicely. However, there is a significant issue related to multi-core support. The GIL (global lock) mentioned above effectively limits current versions of Python (including 3.0) to operating on one core at a time. Threads can share that core, but you can't have two python threads from the same process actively executing python code in true parallel fashion.
There are are several options for integrating Python and C++ code, and they can (with care) fully support python's native threading model. C++ routines called from python can also (with even more care) exempt themselves from the restricted parallel model by releasing the GIL and reacquiring it prior to returning to python. This allows a process running python to successfully orchestrate some serious, truly parallel number crunching implemented in C++. Only one core will be interpreting Python code at a time, but python threads running nested C++ calls can use any core available to the process.
There are a lot of packages that let you interface between python and C++ so what ends up happening is that you can use python to stick together components that are written in C++. I also find the QT wrapper for Python (PyQT) extremely useful and allows for all the advantages of QT and all the advantages of Python.
Some of my opinionated comments, and understand I am not a hard core coder:
-Perl is too esoteric for me
-Python is more similar to Ruby, but don't tell Ruby folks that
-If you hate indented white spaces, you will hate Python
-Sure, I use Python since I am lazy to use CINT
-Octave is fine, but NumPy and matplolib is fast 'enough' for me, YMMV
-Nice GUI's via matplotlib, chaco, MayaVI via Enthought
-I like Python since I can easily code, operating system agnostic
-Python is a good first OO computer language to learn
-Python is not the panacea, but one of many paths to pursue
-Don't use Python 3.0 yet.
-I'd be interested in hearing others using Python in Finance
A general but sad cycle for me:
1. Protoype in Python
2. Recode in C# naively not using any specialized .NET libraries
3. Look in shock at how big in size the C# code source is
4. Archive the C# code somewhere
5. Go back full time to the Python code
6. Hear from a friend on why I did not use XX .NET library a year later
7. Cannot figure out the old C# code since my documentation sucks
8. Continue to use the Python code.
Perl doesn't have Matlab's numerical capabilities. Perl isn't nearly as easy to interface with compiled code, has a much less clean synttax, and worst of all, the perl language community went crazy and has been bogged down trying to create perl6 for the last few years and basically getting nowhere.
I use Matlab for regression analysis, portfolio optimization, and low frequency trading models. Matlab has some superior functionalities. Get Octave if you don't have a Matlab license. There's QTOctave too if you need a graphical interface. Doesn't have a PDE solver like Matlab, but hey, there's your first project ;)
R project as a good and free analytic tool for prototype.
NumPy, SciPy, and extensions to other languages (eg C++) and packages (eg R, via RPy
Python 3.0 is not backward compatible with previous versions, as well as (I am told) these nice libraries like NumPy and SciPy. Publicly available libraries are a big plus, given that nothing (reliable) like this really exists in C++, with the possible exception of GSL for C.
Python doesn't have a built-in graphics, so one should use GNUPlot interface or Rpy, which are less convenient than Matlab or R graphics. There is a great package called matplotlib that basically ports all the 2D Matlab ploting functions with virtually verbatim syntax to Python. 3D plots like mesh and surf are not available at the moment (to my knowledge).
I think Python's biggest drawback is its Global Interpreter Lock (GIL). Not only is it confusing and unintuitive, if used incorrectly it virtually limits pure Python codes to be single threads. Of course as Joseph mentioned, you can interface Python with C++ very easily and have your parrallelizable computation code written in C++ with a Python wrapper. Doing so is pretty easy with SWIG and I think there are a few other ways out there as well (I recently stumbled upon a Boost library for doing so and it seems extremely well done and easy, but I have no experience with it)
Python supports multi-threading quite nicely. However, there is a significant issue related to multi-core support. The GIL (global lock) mentioned above effectively limits current versions of Python (including 3.0) to operating on one core at a time. Threads can share that core, but you can't have two python threads from the same process actively executing python code in true parallel fashion.
There are are several options for integrating Python and C++ code, and they can (with care) fully support python's native threading model. C++ routines called from python can also (with even more care) exempt themselves from the restricted parallel model by releasing the GIL and reacquiring it prior to returning to python. This allows a process running python to successfully orchestrate some serious, truly parallel number crunching implemented in C++. Only one core will be interpreting Python code at a time, but python threads running nested C++ calls can use any core available to the process.
There are a lot of packages that let you interface between python and C++ so what ends up happening is that you can use python to stick together components that are written in C++. I also find the QT wrapper for Python (PyQT) extremely useful and allows for all the advantages of QT and all the advantages of Python.
Some of my opinionated comments, and understand I am not a hard core coder:
-Perl is too esoteric for me
-Python is more similar to Ruby, but don't tell Ruby folks that
-If you hate indented white spaces, you will hate Python
-Sure, I use Python since I am lazy to use CINT
-Octave is fine, but NumPy and matplolib is fast 'enough' for me, YMMV
-Nice GUI's via matplotlib, chaco, MayaVI via Enthought
-I like Python since I can easily code, operating system agnostic
-Python is a good first OO computer language to learn
-Python is not the panacea, but one of many paths to pursue
-Don't use Python 3.0 yet.
-I'd be interested in hearing others using Python in Finance
A general but sad cycle for me:
1. Protoype in Python
2. Recode in C# naively not using any specialized .NET libraries
3. Look in shock at how big in size the C# code source is
4. Archive the C# code somewhere
5. Go back full time to the Python code
6. Hear from a friend on why I did not use XX .NET library a year later
7. Cannot figure out the old C# code since my documentation sucks
8. Continue to use the Python code.
Perl doesn't have Matlab's numerical capabilities. Perl isn't nearly as easy to interface with compiled code, has a much less clean synttax, and worst of all, the perl language community went crazy and has been bogged down trying to create perl6 for the last few years and basically getting nowhere.
I use Matlab for regression analysis, portfolio optimization, and low frequency trading models. Matlab has some superior functionalities. Get Octave if you don't have a Matlab license. There's QTOctave too if you need a graphical interface. Doesn't have a PDE solver like Matlab, but hey, there's your first project ;)
R project as a good and free analytic tool for prototype.
Tuesday, June 9, 2009
Thankyou Mr. Bernanke - But we need to raise the bonus
Nations big banks are rushing to pay back government money only to increase the bonuses of their incompetent CEOs and managers.
The push to repay the funds comes a month after "stress tests" of the nation's 19 largest financial firms found that 10 needed to raise $75 billion more to protect against future losses. All of those banks, including Citigroup, Wells Fargo and Bank of America, had submitted plans by late Monday to bolster their capital
Here are the banks that want to be free from the reins...
-- JPMorgan: $25 billion
-- Morgan Stanley: $10 billion
-- Goldman Sachs: $10 billion
-- U.S. Bancorp: $6.6 billion
-- Capital One: $3.6 billion
-- American Express: $3.4 billion
-- BB&T: $3.1 billion
-- Bank of New York Mellon: $3 billion
-- Northern Trust: $1.6 billion
-- State Street: $2 billion
The push to repay the funds comes a month after "stress tests" of the nation's 19 largest financial firms found that 10 needed to raise $75 billion more to protect against future losses. All of those banks, including Citigroup, Wells Fargo and Bank of America, had submitted plans by late Monday to bolster their capital
Here are the banks that want to be free from the reins...
-- JPMorgan: $25 billion
-- Morgan Stanley: $10 billion
-- Goldman Sachs: $10 billion
-- U.S. Bancorp: $6.6 billion
-- Capital One: $3.6 billion
-- American Express: $3.4 billion
-- BB&T: $3.1 billion
-- Bank of New York Mellon: $3 billion
-- Northern Trust: $1.6 billion
-- State Street: $2 billion
Monday, June 8, 2009
New sharks in crowded waters - ST+NXP+EMP
ST gets NXP then sells that stake to EMP. Yes we are talking about ST-NXP Wireless which is now called ST Ericsson. Ericsson with its hands fulll with Sony Ericsson now has to deal with a new baby.Ericsson contributed $1.1bn to the joint venture, with around $700m of that going to ST so that it can buy out the remaining 20 per cent it didn't own of the NXP Wireless business.
Created as a fabless company, ST-Ericsson will utilize the wafer-processing capabilities of ST Micro. ST-Ericsson is a supplier to four of the top five handset manufacturers (Nokia, Samsung, Sony Ericsson, and LG), had combined pro-forma revenues of about $3.6 billion in 2008, and has a solid cash position of $400 million.
Almost 85% of ST-Ericsson's 8000 employee workforce is in R&D. Headquartered in Geneva, Switzerland, the company also has full access to assembly and test facilities operated by ST.
ST-Ericsson will focus on platforms for GSM, EDGE, WCDMA, HSPA, as well as TD-SCDMA and LTE.
Created as a fabless company, ST-Ericsson will utilize the wafer-processing capabilities of ST Micro. ST-Ericsson is a supplier to four of the top five handset manufacturers (Nokia, Samsung, Sony Ericsson, and LG), had combined pro-forma revenues of about $3.6 billion in 2008, and has a solid cash position of $400 million.
Almost 85% of ST-Ericsson's 8000 employee workforce is in R&D. Headquartered in Geneva, Switzerland, the company also has full access to assembly and test facilities operated by ST.
ST-Ericsson will focus on platforms for GSM, EDGE, WCDMA, HSPA, as well as TD-SCDMA and LTE.
Friday, April 24, 2009
The SmartPhone Wars
With Apple taking the coveted top spot in smart phone devices all the other companies are vying for the remaining spots. Some are doing better and others not so good.
Research in Motion with their new blackberry series, is emerging as a clear competitor for a runner up position. Others like Motorola are in a tough spot with no platform of their own.
Nokia has symbian which has been around for almost 10 years now. Their problem is that innovation, that drives this business, dwindled. This resulted in the loss of a huge lead they once commanded.
Samsung and LG are placing bets on Android and WinMobile platforms apart from their own proprietary platforms for low end phones.
Motorola under immense pressure to search for a platform have jumped into the Andrioid wagon which had another advantage of being "free".
Apart from a good platform, the next paradigm is the app store concept. Apple once again is the pioneer in this. The apple app store has been busy with all the iPhone aficionados flocking to get the next cool application downloaded to their phones.
RIM also has come up with Blackberry App World. How many apps will be downloaded here remains to be seen. Nokia has Ovi Store now although still in its infancy.
Here again manufacturers that chose Android might have an excuse for non innovation.
They can rely on Google's innovating minds and the Android store for downloading applications.
LiMo has a tough war to fight on two fronts. The platform and the applications. Succeeding on both may be hard to pull off.
Research in Motion with their new blackberry series, is emerging as a clear competitor for a runner up position. Others like Motorola are in a tough spot with no platform of their own.
Nokia has symbian which has been around for almost 10 years now. Their problem is that innovation, that drives this business, dwindled. This resulted in the loss of a huge lead they once commanded.
Samsung and LG are placing bets on Android and WinMobile platforms apart from their own proprietary platforms for low end phones.
Motorola under immense pressure to search for a platform have jumped into the Andrioid wagon which had another advantage of being "free".
Apart from a good platform, the next paradigm is the app store concept. Apple once again is the pioneer in this. The apple app store has been busy with all the iPhone aficionados flocking to get the next cool application downloaded to their phones.
RIM also has come up with Blackberry App World. How many apps will be downloaded here remains to be seen. Nokia has Ovi Store now although still in its infancy.
Here again manufacturers that chose Android might have an excuse for non innovation.
They can rely on Google's innovating minds and the Android store for downloading applications.
LiMo has a tough war to fight on two fronts. The platform and the applications. Succeeding on both may be hard to pull off.
Monday, March 30, 2009
Top University Funds
Here is a list of the top universities with the most grants and funds in billions as of last year.
Harvard University 36B
Yale University 22B
Stanford University 17B
Princeton University 16B
University of Texas System 16B
Massachusetts Institute of Technology 10B
University of Michigan 7B
Northwestern University 7B
Columbia University 7B
Harvard University 36B
Yale University 22B
Stanford University 17B
Princeton University 16B
University of Texas System 16B
Massachusetts Institute of Technology 10B
University of Michigan 7B
Northwestern University 7B
Columbia University 7B
Sunday, March 8, 2009
When will the misery end?
Percentage of Jobs lost (as a percent of the employment at the beginning of the recession) and the recessions years a given below.
1.2% in 1980
1.4% in 1990
2.8% in 1974
5.2% in 1948
4.4% in 1958
3.4% in 1953
2.0% in 2001
3.1% have so far lost since in 2007 which is 4.4 million jobs of the total 142 million jobs at the start of recession in Dec 2007.
At the minimum 1.75 million (or 3 million in worst case) jobs are still to be lost before we can say that things are better.
Assuming .5 million jobs are lost in a month, that is around 6 months of job losses yet to come till Sep 2009.
That is when we will see some uptick in the market
1.2% in 1980
1.4% in 1990
2.8% in 1974
5.2% in 1948
4.4% in 1958
3.4% in 1953
2.0% in 2001
3.1% have so far lost since in 2007 which is 4.4 million jobs of the total 142 million jobs at the start of recession in Dec 2007.
At the minimum 1.75 million (or 3 million in worst case) jobs are still to be lost before we can say that things are better.
Assuming .5 million jobs are lost in a month, that is around 6 months of job losses yet to come till Sep 2009.
That is when we will see some uptick in the market
Saturday, March 7, 2009
Mr. Market is always right....
Let us say...your friend Joe, gets a paycheck each month and after he pays his mortgage and grocery bills he has some dollars left in the bank. In effect, he is increasing surplus of disposable income to do something with every month. This money can then be used by him to purchase any additional assets.
On the other hand, if Joe is careless his bank account will be running out of money before he is done paying the bills every month. This leaves him in a net deficit and over time could require Joe to start selling some of his other assets in order to keep up with the bills.
The stock market is similar in a way. There is something known as "Liquidity levels", and that is similar to Joe's disposable income.
The more Liquidity that moves into the market(Expansion), the more money there is available for trading up the value of stocks on new purchases. In such cases, excessive "discretionary" money can be used to enhance a process of buying more and more ... and that drives up the stock market.
The downside is that the opposite happens when Liquidity is outflowing, and when Liquidity goes into Contraction. Essentially more money is going out than coming in.
Liquidity levels can thus help you know the market trend. And as is said often the trend is your friend.
On the other hand, if Joe is careless his bank account will be running out of money before he is done paying the bills every month. This leaves him in a net deficit and over time could require Joe to start selling some of his other assets in order to keep up with the bills.
The stock market is similar in a way. There is something known as "Liquidity levels", and that is similar to Joe's disposable income.
The more Liquidity that moves into the market(Expansion), the more money there is available for trading up the value of stocks on new purchases. In such cases, excessive "discretionary" money can be used to enhance a process of buying more and more ... and that drives up the stock market.
The downside is that the opposite happens when Liquidity is outflowing, and when Liquidity goes into Contraction. Essentially more money is going out than coming in.
Liquidity levels can thus help you know the market trend. And as is said often the trend is your friend.
Friday, March 6, 2009
Fed up!!!
Bernanke was particularly peeved that AIG "exploited a huge gap in regulatory oversight" to essentially operate a hedge fund on top of its core insurance business. As a result, he said an AIG failure would be a "disaster," affecting both the insurance industry and Wall Street firms that are counterparties on derivatives trades with AIG.
"It's a terrible situation, but we're not doing this to bail out AIG or their shareholders," Bernanke declared. "We're doing this to protect our financial system and to avoid a much more severe crisis in our global economy."
"It's a terrible situation, but we're not doing this to bail out AIG or their shareholders," Bernanke declared. "We're doing this to protect our financial system and to avoid a much more severe crisis in our global economy."
Thursday, March 5, 2009
Are we there yet?
In October last year we were expecting the market to correct back to 2002 levels. Well....now we have not only gotten back to 2002 but actually well below that level.
So what we advise our clients right now is to keep an eye on the market and this is a crucial level now.
We are expecting to find a support around 665-670 on S&P towards this and the whole of next month.
Then the report cards season begins and may be we will take off or sink further depending on that.
So sit on the fence and watch the game unfold!!!
So what we advise our clients right now is to keep an eye on the market and this is a crucial level now.
We are expecting to find a support around 665-670 on S&P towards this and the whole of next month.
Then the report cards season begins and may be we will take off or sink further depending on that.
So sit on the fence and watch the game unfold!!!
Thursday, January 8, 2009
What Jack Welch Taught us
* Live well. Find the right Job which arouses your passion
* Denial is Deadly. If you make a mistake admit it and learn from it
* Hire people smarter than your company has.
* 1 in every five is a top performer, 3 are mid tier and 1 is the bottom performer.
* Mentor the first four and fire the last.
* Resources are limited. Engage in high reward activities.
* Have a positive attitude
* Have a plan to win in the corporate world.
* Denial is Deadly. If you make a mistake admit it and learn from it
* Hire people smarter than your company has.
* 1 in every five is a top performer, 3 are mid tier and 1 is the bottom performer.
* Mentor the first four and fire the last.
* Resources are limited. Engage in high reward activities.
* Have a positive attitude
* Have a plan to win in the corporate world.
Subscribe to:
Comments (Atom)