People don't care!
Saturday my wife was stuck in Nice (She attended the
Cannes media week ). Strikes all over France, once finally inside the plane the
airport handling guys hit the plane with the stairs and they had to go back to
a hotel because the plane was damaged. Of course it takes hours to embark and
disembark and to get the Hotel Voucher. Next day no food service because of
another strike and the plane stayed in the Tarmac for 2 hours without water
waiting for the controllers to give the green light. Why do European equities
underperform? Because there is not a culture of delivering a service. People
(public service) don’t care about the final client. I will short Europe
anytime. Not all Europe UK is not like that and Switzerland too.
Sometimes I tell my kids it’s easy to do well in life,
why because 90% of the people don’t care they don’t care the way they put
dishes in the washing machine, they don’t care the way they make their bed,
they don’t care the way they park the car. Lots of people need someone that
comes after to fix the job. If you care you are in the top 10% just
like that. In Nice they don’t care.
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