As John Oliver illustrated on last night’s Daily Show, there are basically two kinds of businessperson one can choose to become.
| MBA Ethics Oath | |
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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August 14th, 2009 at 8:53 pm
Hah! Individual crime may well be detected and prosecuted (e.g., Bernie Madoff) but the systemic criminal activities of investment banks are never exposed and prosecuted.
August 15th, 2009 at 2:44 am
Did anyone one notice the gleam in the Harvard MBA girl’s eye as she mentioned her duties to “her” share holders? She’s not going to sign anything that prevents her and her cohorts from taking the shareholders to the cleansers. How do you deal with this? Simple! Do not buy stock in companies led by Harvard MBAs!
In fact stay away from anything linked to Ivy League graduates…
August 15th, 2009 at 1:20 pm
While i was a student in Scotland, i had the opportunity to hear from Marc Faber on investing. After the event we headed to a pub nearby with 5-6 people along with him, during the course of our discussion one of my friends who’s invested some of his money in the pub chains and supermarkets told that quite often he visits those places and neighboring places and talk to the people as much as possible (apart from looking at the financials of those companies) as an early indicator on how things are going before they appear in mgt statements or financials. He asked Dr. Faber if he uses any such ideas himself. He said that he uses something like a bar girl index ( he goes to the bars near by those co’s especially in Hongkong and Singapore and talk to the waitresses about their tips and business in general which gives him an early indication as the patrons behavior indicates what they expect in earnings in the near future) and the other one is Harvard Recruitment Index (Looking at industries and companies that compete to recruit from Harvard, reason being that quite often they overpay due to competition (no offense to Ivy league alumni) which will affect them in future). It indicates something else that often goes without saying anything about ambition – his words.
Just thought i’d share this with you.
August 17th, 2009 at 8:53 am
I fear, John, the corruption is too deep by business school.