Be Thankful; It's All in Your Mind (A Financial Tailspin sucks! Don't compound it.) We’re going through some … interesting … times, financially. People feel insecure, established institutions are in desperate need of bailout (funny how attractive socialism becomes...
Business
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Nightmare or Hope? Your decision.
You have only yourself to blame for the quality of your decisions. Improve it. Start today. Are you committed to becoming a spot-on decision-maker who can make great decisions that actually guide your world? Because chances are, your personal decision-making process...
What problems are markets the answer to?
I am a proponent of free markets for the things that markets are good at. Markets are great at pricing things whose future attributes are relatively predictable by the market players, and that don't require a decision-making time horizon greater than the market trade...
Global meltdown: Bush saves the day! (in 40 minutes!)
Meetings! I just love meetings ... no, I don't. I hate meetings. But perhaps that's just because I'm no good at running them. According to an MSNBC article today, Bush met with the leaders of 20 countries Saturday night. To quote the article: "After the almost...
Why the finance industry should accept much more blame for the crisis.
If what we want to do is point fingers, there's plenty of blame to go around. At the end of the day, though, I hold the creators of the securities as being far more responsible than the home buyers. Professionals should be held to higher standards First off, the...
Greenspan? Rapidly approaching status of “bad joke” in my mind.
According to a New York Times article about Greenspan and his policies today, Greenspan is defending his stance on derivatives (he was pro-derivatives) by saying the whole imploding economy is because of people acting in bad faith in the markets, but the deregulated...
From sole practitioner to organization guy
On Twitter, I've recently alluded to my new job. I've started working at Babson College helping to facilitate a community-wide re-examination of Babson's capabilities, strategy, and future direction. I will then be helping to implement the community's recommendations....
How we explain success may be different from what really causes it.
I was reading Steve Salerno's "anti-SHAM" blog as he was commenting on Hillary's speech at the DNC last night. He didn't think much of her story. She told a story of her success, he said, that may have been a tad... biased. That got me thinking about how much our own...
What are the delusions we all share about career success?
I was interviewed on Total Picture Radio about my presentation on "The Ten Cultural Career Lies." You can listen to the episode as we explore what we believe about careers that's just plain wrong.
It’s not so easy to say “subprime borrowers” should be responsible.
The New York Times had an article today on the advertising campaigns that led to the spate of subprime borrowing. The reader comments fall into two broad categories: "Borrowers should have known what they were getting into." and "Big, bad, evil banks." I think both...