“It’s a combination of greed and ignorance of history”, he said, munching his flank steak salad, gazing out at the sparkling San Diego bay. “There’s no other explanation that works.” He had been discussing the destruction of investor value represented by the collapse of several stalwart financial institutions during the Global Financial Crisis.
“But someday, I’d really like to direct….”
“Dear Stan,
I am a senior professional, having served as an officer of various companies. I’ve never been a CEO, but would like that opportunity. I’m interested in serving as a director on other companies’ boards, in order to expand my skills and gain a higher level of business acumen. What classes should I take, and are there other ways to prepare? How does one achieve a board seat in a private or public company?
Signed,
Ready to Step Up”
Posted in Politics and Business
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Technology acceleration acceleration
The rate of technology advancement is accelerating. It has now reached the point where changes are happening faster than our ability to not only predict them, but faster even than our ability to recognize the technology changes that have already happened. I’m speaking of the average person who attempts to keep informed of how the world is evolving, and specifically how human-created tools and systems are metamorphosing. Even those of us who spend time trying to understand and keep abreast of all the changes are woefully behind. I consider myself one of those interested, engaged students of the future. I got a wake-up call upon visiting my daughter and her husband a couple of weeks ago. I’m way behind.
Posted in Strategy and the Big Picture
Tagged stan sewitch
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Blowing bubbles, throughout history
We’ve all heard the term “bubble” in reference to an investing fever fueled by speculation in what participants erroneously perceive to be an infinitely rising curve of valuation. The dot-com “bubble” and the recent real estate “bubble” being modern examples of what Alan Greenspan referred to as “irrational exuberance”. We would be wise to be on the lookout for the next such bubble. But where did this term come from?
Posted in Politics and Business
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