Mayo

How to build a house of cards

Revisado: 10-22-23

GE Capital was like a Wall Street investment bank, just without the label. Trying to join the club of actual investment banks was where ego came into play and began the downfall.

Had GE Capital never purchased an actual investment bank, they could have continued as a behemoth. The lack of prestige drove the arrogance of Welch to try and join the club.

Having read the histories of Goldman Sachs and others, the point where they started to buy their way into prestige was like watching a train wreck in slow motion.

Wall Street power brokers eat, sleep and shit their specialties and have zero other concerns. GE Capital, while doing similar business, was not the same. It was clearly more focused on the root of investment banking and not in the toxic culture of self-serving interests. When confronted with the realities of what actual investment banking culture is, the paradox of corporate culture vs investment banking culture clashed and suddenly the identity clash warped sensible thinking.

Mergers and acquisitions and corporate finance gave way to the draw of equities trading. Jeff wasn't as savvy as more prudent investment banks that foresaw the problems that mortgage backed securities were going to be and couldn't exit in a timely manner.

If you put a rodeo horse in at Churchill Downs, you cannot play according to rodeo rules. Just because GE Capital had a horse that was just as fast as a racehorse and it was doing fine. They could keep winning as long as they were racing their own race. It's when they wanted the exemptions of an outsider (low oversight) and the protections of an insider (bailout money) that they realized their horse wasn't going back to racing.

One thing that stuck out was the retrospective of when Jack hit hard times, he brought in powerhouse players to drive a turn around. When Jeff hit hard times, he just applied pressure and made internal reactionary decisions.

The cultural shift in markets, where under Jack, correcting by using GE Capital as a corrective slush fund, thus kicking the can down the road, wasn't an option for Jeff as market accounting standards shifted. Jeff was fucked and stuck with a can that became a cinder block and kicking it wasn't going to get anything but a hurt foot for GE.

Has calificado esta reseña.

Reportaste esta reseña

DON'T WASTE YOUR TIME

Revisado: 07-26-22

Unless you are a hadcore libertarian, this is not a good course at all.

Has calificado esta reseña.

Reportaste esta reseña

Excellent Primer for Asian Economics

Revisado: 01-09-21

I spent a number of years teaching myself macroeconomics and having a fairly solid foundation in international relations and political history, this book was right at the edge of my understanding.

There was nothing in the book that was drastically complicated and the framework for the three main idea's (agricultural reform, export oriented manufacturing and national economic control) culminate in how economic development, the transformation from developing to developed economies played out for most Asian countries.

Ranking the nation's by historical success shows one by one how leadership and competencies in applying principles occurred for the different nation's. The failures of leadership become very apparent and the difficulty in seeing the bigger picture for the few nation's that had little direction illustrate how the inequities have formed Asia as we see it today.

The authors prescription hints that there is little that can be done to reverse the courses that south Asian nations are currently in without severe radical reform, which is not likely as nation's seem to desire to grow within perceptions of the current global economy without changing the inhibiting factors.

Has calificado esta reseña.

Reportaste esta reseña

like a surgeon explaining a body by its organs

Revisado: 09-14-19

As someone deeply interested in the culture and mindset of political bodies, this book dominates in defining the core influences, social history and the weight of the last 130 years on the Muslim Brotherhood.

If you have a basic understanding of the Muslim world throughout the Middle East as well as a working knowledge of the Arab world, this is your next-level insight resource.

Has calificado esta reseña.

Reportaste esta reseña

esto le resultó útil a 1 persona

Garbage. This is low-level drivel

Revisado: 07-03-18

This is one of those annoying books that they handout at Multi-Level-marketing seminars. Any book that uses Amway as an example of a good business can die in obscurity.

I should have known better than to take a book suggestion from someone that has a history with get rich schemes.

Has calificado esta reseña.

Reportaste esta reseña

Excellent insight ExxonMobile/Industry

Revisado: 04-18-18

It's like ordering a puzzle and getting 15 bonus companion puzzles. 10/10 for depth/detail/nonbiased perspective.

Has calificado esta reseña.

Reportaste esta reseña

esto le resultó útil a 1 persona

Great basics overview.

Revisado: 09-21-17

For someone trying to get past the 101 level business information, this is a good second step.

Has calificado esta reseña.

Reportaste esta reseña