Friday 31 March 2017
Some ideas for Friday
Never trust the advice of a
man in difficulties.
Aesop
Greek slave & fable author (620 BC - 560 BC)
Greek slave & fable author (620 BC - 560 BC)
What was going on? think about it in terms of
cognitive dissonance. if I have put up with a lot to become a member of a
group, if I have voluntarily subjected myself to acute embarrassment , I would
have to be pretty stupid if the group turned out to be anything less than
wonderful.
To protect my self-esteem I will want to convince
myself that the group is pretty damn good. Hence the necessity to talk it up,
to reframe my perceptions in a positive direction.
Mathew Syed
Honesty pays, but it doesn't seem to pay enough
to suit some people.
Kin Hubbard
(1868 - 1930)
(1868 - 1930)
The trouble with jogging is that, by the time
you realize you're not in shape for it, it's too far to walk back.
No one has ever had an idea in a dress suit.
Sir Frederick G. Banting
Canadian physician & physiologist (1891 - 1941)
Canadian physician & physiologist (1891 - 1941)
Have a great weekend
@carneirao101
Wednesday 22 March 2017
Counting beans
From Seth Godin Blog
Counting beans
If you have to serve chili to
1,000 people, holding back just one bean from each person means you end up with
a tidy savings, and almost no one is going to notice.
If you run a call center and
hire people who make a dollar less an hour, who are less supported, or less
trained, or less caring, the impact on each interaction will probably seem
pretty small. Of course, if you have a thousand operators, you just saved
a lot of money.
And, if you make cars and you
figure out how to replace a bolt with a slightly less resilient one, very few
drivers will notice, and if you make 200,000 cars a year, that might be enough
to pay your entire salary.
You've already guessed the problem.
Some people will notice that
the portions are a little skimpy. Some customers will be annoyed enough to
switch to another company. And some people are going to die.
When we add up lots of little
compromises, we get to celebrate the big win. But overlooked are the unknown
costs over time, the erosion in brand, the loss in quality, the subtraction
from something that took years to add up.
In a competitive environment,
the key question is: What would happen if we did a little better?
Organizations that add just a
little bit every day always defeat those that are in the subtraction business.
I think Seth has a point the organizations that are doing well do something for their clients, bring some value Amazon, Booking, Apple, etc....
When you are in the subtraction business normaly you don't research and you don't think in the most important question of all
How can i improve my client life ?
Tuesday 21 March 2017
Ummmmmmm
From The Daily Shot
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Friday 17 March 2017
Strategy in the Age of Superabundant Capital
Very interesting article from HBR. When debt & equity is cheap like today, cost of capital is around 6% it pays more to find growth than to optimize margins (see graph below). If you manage to create 1% growth it change the value of the company by 27%!
How to grow? bet in many directions even at the risk of lower FOCUS. somethings will work big time.
FROM HBR
FROM THE MARCH–APRIL 2017 ISSUE
Today financial capital is no longer a scarce resource—it is abundant and cheap. Bain’s Macro Trends Group estimates that global financial capital has more than tripled over the past three decades and now stands at roughly 10 times global GDP. As capital has grown more plentiful, its price has plummeted. For many large companies, the after-tax cost of borrowing is close to the rate of inflation, meaning that real borrowing costs hover near zero. Any reasonably profitable large enterprise can readily obtain the capital it needs to buy new equipment, fund new product development, enter new markets, and even acquire new businesses. To be sure, leadership teams still need to manage their money carefully—after all, waste is waste. But the skillful allocation of financial capital is no longer a source of sustained competitive advantage.
The assets that are in short supply at most companies are the skills and capabilities required to translate good growth ideas into successful new products, services, and businesses—and the traditional financially driven approach to strategic investment has only compounded this paucity.
No Risk = Lot of Risk
The market sees no risk! what makes the market very risky? when everybody has already bought we are in a top, when there is a lot of fear and everybody has sold we are in a bottom.
Thursday 16 March 2017
Some Thoughts
"If
you set out to be liked, you would be prepared to compromise on anything at any
time, and
you
would achieve nothing."
Margaret
Thatcher
Exponential rapidly rising or falling
markets usually go further than you think, but they do not correct by going
sideways.
Bob Farrell’s rule #4
A little bit of history – there have been 13 Fed rate hike cycles in the
post-WWII era, and 10 landed the economy in recession.
David Rosenberg
Remember happiness doesn't depend upon who
you are or what you have; it depends solely on what you think.
Dale
Carnegie
Wednesday 15 March 2017
Wednesday 8 March 2017
Yes it's free !
“I have never let my schooling interfere with my education.”
― Mark Twain
“Live as if you were to die tomorrow. Learn as if you were to live forever.”
― Mahatma Gandhi
“It does not matter how slowly you go as long as you do not stop.”
― Confucius
Many completers formalize their achievement with a Course Certificate unique to
them and their accomplishment. If you think you'd like to share this
achievement with colleagues, friends, or potential employers one day, we
recommend getting the certificate now. It's a tangible way to communicate
your educational background, work ethic, and personal ambitions to others.
― Mark Twain
“Live as if you were to die tomorrow. Learn as if you were to live forever.”
― Mahatma Gandhi
“It does not matter how slowly you go as long as you do not stop.”
― Confucius
What online technology
does for business schools is very substantially expand their market to people
who don’t take time out from their career to come back to business school
Rick Levin CEO of
Coursera
I already took a online course in Coursera at The University of San Diego, it's free you only pay the diploma if you want one. One of the perks of online education is that you learn from the best teachers in the world and if you were attending a traditional University you have the local teacher not the best in the world.
When I finished the Online course you get this email
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You completed Learning How to Learn: Powerful mental tools to help you master tough subjects!
Verified
Assignments Passed
93.5%
Final
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Did you
know?
Tuesday 7 March 2017
When winners are taking all, it's often time to buy the winners
Disturbing New Facts About American
Capitalism
When winners are taking all, it's often time to buy the
winners
JASON ZWEIG
Mar 3, 2017 8:41 am ET
“Let
your winners run” is one of the oldest adages in investing. One of the newest
ideas is that the winners may be running away with everything.
Modern capitalism is built on the idea that as companies get big, they
become fat and happy, opening themselves up to lean and hungry competitors who
can underprice and overtake them. That cycle of creative destruction may
be changing in ways that help explain the seemingly unstoppable rise of the
stock market.
New research by
economists Gustavo Grullon of Rice University, Yelena Larkin of York University
and Roni Michaely of Cornell University argues that U.S. companies are moving
toward a winner-take-all system in which giants get stronger, not weaker, as
they grow.
That’s the latest among several recent studies by economists working
independently, all arriving at similar findings: A few “superstar firms” have
grown to dominate their industries, crowding out competitors and controlling
markets to a degree not seen in many decades.
Consider real-estate services. In 1997, according to Profs. Grullon,
Larkin and Michaely, that sector had 42 publicly traded companies; the four
largest generated 49% of the group’s total revenues. By 2014, only 20 public
firms were left, and the top four — CBRE Group, Jones Lang LaSalle, Realogy Holdings and Wyndham Worldwide — commanded 78% of
the group’s combined revenues.
A friend from São Paulo called my attention to this nice piece from Jason Zweig in the WSJ. Yes in the last 5 years Big get Bigger has been the main trend. USA and Germany have been the big winners for the simple reason that they already dominated many spaces.
Economies of scale have always been a sure way to profits. easier than R&D. if the big guys also invest wisely in R&D they become unstoppable. On the marketing side economies of scale were always huge. Santander can advertise worldwide because they are almost a global brand. For a local company why advertise worldwide?
From today Bloomberg
Peugeot Maker PSA Agrees to Buy GM’s European Brands in $2.3 Billion Deal
PSA Group is betting that size is the answer in Europe’s saturated car market as it buys General Motors Co.’s ailing regional division despite years of losses.
The maker of Peugeot and Citroen cars will pay 1.8 billion euros ($1.9 billion) for GM’s Opel unit and its U.K. sister brand Vauxhall, as the French manufacturer bolsters its defenses in a peaking market that’s being transformed by technology, new competitors and Brexit. GM, which is taking a charge of between $4 billion and $4.5 billion, will retain a toehold in the area by continuing to sell Chevrolets in small volumes.
The maker of Peugeot and Citroen cars will pay 1.8 billion euros ($1.9 billion) for GM’s Opel unit and its U.K. sister brand Vauxhall, as the French manufacturer bolsters its defenses in a peaking market that’s being transformed by technology, new competitors and Brexit. GM, which is taking a charge of between $4 billion and $4.5 billion, will retain a toehold in the area by continuing to sell Chevrolets in small volumes.
Thursday 2 March 2017
Be of Service and you will do well in life
“One of SpaceX’s biggest goals, Shotwell said, was to fly as often as possible. The company has never sought to make a fortune off each flight. It would rather make a little on each launch and keep the flights flowing.
― Ashlee Vance, Elon Musk: Inventing the Future
do more be nicer, do it cheaply do it faster or just be nicer. That is the formula do do well in life
I am not yet done with Ashlee Vance book but one take i have now is this , if you do something for your customers you will do well. Musk has done wonderful for their customers.
. Even the comments from readers about the book are good..............
One of the most inspiring books I have ever read. A few life changing points for me:
1) First intro chapter shows how relentless the author was. Great lesson there. He didn't ask for permission, he just went out and wrote it. Said he was going to write it with or without him on board. Which ultimately won Elon's respect since that's how he operates too.
2) Elon and his brother Kimbal coming over at 18 years old from south Africa. Their tactic about picking up the newspaper and cold calling the most interesting people to take to lunch is awesome. I challenge myself to do this now and I think its a great strategy to get out of your comfort zone. I gather he had the idea for pay pal with that tactic - it landed him the bank internship where he discovered the inefficiencies of banking world.
http://amzn.to/2m0wDOx
― Ashlee Vance, Elon Musk: Inventing the Future
do more be nicer, do it cheaply do it faster or just be nicer. That is the formula do do well in life
I am not yet done with Ashlee Vance book but one take i have now is this , if you do something for your customers you will do well. Musk has done wonderful for their customers.
. Even the comments from readers about the book are good..............
One of the most inspiring books I have ever read. A few life changing points for me:
1) First intro chapter shows how relentless the author was. Great lesson there. He didn't ask for permission, he just went out and wrote it. Said he was going to write it with or without him on board. Which ultimately won Elon's respect since that's how he operates too.
2) Elon and his brother Kimbal coming over at 18 years old from south Africa. Their tactic about picking up the newspaper and cold calling the most interesting people to take to lunch is awesome. I challenge myself to do this now and I think its a great strategy to get out of your comfort zone. I gather he had the idea for pay pal with that tactic - it landed him the bank internship where he discovered the inefficiencies of banking world.
http://amzn.to/2m0wDOx
Hide behind the paperwork !
Ask for British residency!
From the FT
“There are 85 pages to fill in and they ask the same thing over and over again but in a way you never know what the right answer is,” complained Marta Grabinska, who has been waiting six months for a reply. Ms Jozefkowicz, who estimated she spends about two weeks preparing each application, agreed it was “quite confusing”, adding: “For somebody who speaks little English it’s impossible.”
..............
Applicants must, for example, document every time they have left the UK — a record no longer included in many passports because of the EU’s free movement of people. The Home Office also requests a variety of documents spread evenly across the five years to prove employment, including payslips, letters from employers, employment contracts and the like.
They didn't fill the paper properly and have to redo but only in 2019 ! What a country let them leave for good. They should be expelled for good. Nothing good can come from a country that has no courage to say no and hides behind a form impossible to fill! Applicants have to to document every time they left the UK in the last 5 years! This is simply impossible
I watched the movie I Daniel Blake and i thought it was an exaggeration but now I know it's true! UK doesn't belong in Europe. It's soviet Union all over again. The paperwork is the most important thing.
Wednesday 1 March 2017
Answers 8
Alarm Clock just replace one clock by lamp+dice in the second row
A
10
14,867. That is why Trump will not succeed the difference is too big.
A
10
14,867. That is why Trump will not succeed the difference is too big.