On a personal level I don't really understand how Wall Street makes money. I am not in that league.
But do all the movie stars, sport stars, Internet entrepreneurs, winners of lotteries know how Wall Street works? Ultimately, do these chief economists and Harvard Business School grads know how Wall Street works? Probably they can give courses and talk for hours, but they don't know either.
There is only one explanation; Faith. "Faith becomes necessary only when we cannot directly experience the object with our senses or understand the reason for doing something." Chaim Kramer writes
Faith in people like Mr. Madoff? We love to fabricate idols, because we need them so much to feel protected from our own doubts and fears. Having a lot of money, I mean really a lot of money, brings insecurity and nightmarish demons. We need people like Mr. Madoff to bring deliverance to the rich
Bernard Madoff was the Ponzi scheme operator using the money of the wealthiest people in t…
The blogger in me is always alert. Usually I don't feel it is there, sleeping like my dog at my side, while I work.
Browsing through Harvard Business Review, April 2016, I discovered a series of articles about pipeline versus platform products. The first one Pipelines, Platforms, and the New Rules of Strategy starts like this:
Back in 2007 the five major mobile-phone manufacturers—Nokia, Samsung, Motorola, Sony Ericsson, and LG—collectively controlled 90% of the industry’s global profits. That year, Apple’s iPhone burst onto the scene and began gobbling up market share.
By 2015 the iPhone singlehandedly generated 92% of global profits, while all but one of the former incumbents made no profit at all.
We all knew that. But these two short paragraphs, made my Blogger instinct beep. How was this possible? Because
Nokia and the others had classic strategic advantages that should have protected them: strong product differentiation, trusted brands, leading operating systems, excellent …
At World Economic Forum in Davos 2016, this picture feels grandiose
According to Harvard Business Review , the article Is Your Organization Ready for Total Digitization? explains:
What do the following items have in common: credit cards and streaming or recorded music, robots for production, CAD systems, telephone networks, digital games, computers in products like cars and vacuum cleaners, sensors, and video consoles used in remote mining? Answer: They are all digital and connectable.
This is the world of total digitization: a multitude of digital devices and sensors creating streams of data, as well as any number of digital services and products for both internal and external use, distributed throughout the enterprise, and sometimes, but not always, connected.
However the road to the 4th industrial has the devils in the details.
The amazing challenges of digitization the life insurance industry
This is an industry that bills total premiums of 2.3 trillions dollars per year worldwid…