A subprime Primer

Heres a nice SubPrime Primer for all to understand the brokerage business.

Subprime Primer

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Conversational Blindness—Answering the Wrong Question the Right Way

When faced with unwanted queries, question-dodgers sometimes exploit conversational blindness—a phenomenon whereby listeners fail to notice when speakers respond to a different question than the one they are asked—by responding with answers that seem to address the question asked, but which in fact address an entirely different question. [..] A successful dodge occurs when a speaker's answer to the wrong question is so compelling that the listener both forgets the right one, and rates the dodger positively. In some cases, speakers end up better off by answering the wrong question well rather than the right question poorly.

This is an interesting paper to read. It reminds me of the mother asking the child -" have you done your homework ?" and where the child responds "mom , you know what I did in school today ?  I wrote the whole equation on the black board , when nobody in the class knew how to solve the problem" !

 Subject change - relevant to school , but not relevant to homework !

Whose Value Statement ?

Does anyone know which org's value statement this is ?

We lead by example | We work together | We respect the individual | We seek the facts and provide insight
We are open and honest in our communication | We are committed to our communities
Above all, we act with integrity

Due Dilgence prepardness checklist

Investor presentation prepared: Yes
OM/PPM prepared: No
Business plan prepared: Yes
Executive summary prepared: Yes
3 year projections prepared: Yes
3 year historical prepared: Yes
Financials externally reviewed: No
Financials externally audited: No
Financials prepared by: External CPA
Formal board in place: Yes
Willing to put in board if none: Yes
Option plan in place: No
Employee agreements: Yes
Board of directors agreements: No
Board of advisors agreements: No
Subscription agreements: No
Cap table shareholder list: No
Management directors: 2
Non-mgmt directors: 2
Non-mgmt non-shareholders: --

statements which make you go hmmmmmmmmmmm !!

This is a classic statement by Shivanand Velmurugan

 

"When a government asks 99% of the population who own less than half of the country's wealth to bail out the 1% of the population who own 51% of the wealth the population has to decide whether it wants bankruptcy before revolution or revolution before bankruptcy. It really is that simple.""

FF beta comments boo boo

Bill Gates is Right on Creative Capitalism

"Bill Gates has it right. Business is the most powerful force for change in the world right now and gives the idea of creative capitalism real power"

[..]

The first is the issue of resources

A second force affecting the speed and direction of global capitalism comes from the demand side.

At the same time, the corporate form is changing very fast. New networks of companies and organizations are emerging, new ways of competing and collaborating are becoming more important. Old boundaries are withering.

A fourth catalyst is transparency. Leaders and organizations of all kinds are increasingly operating in glasshouses.

Finally, though less obviously, there is a palpable thirst among people around the world for leadership that is not for sale, for individuals and organizations that are not solely defined by the transactional rhythms and white-hot speed of the marketplace

 

source :HBS

The New Frontiers !!

"Now exfiltrators are beginning to make use of streaming data technologies like voice over Internet Protocol (VoIP). Disrupting or even detecting hidden transmissions inside real-time phone calls is the next hurdle for digital forensics companies" - Spy Vs Spy

This is an interesting article for a Sunday Morning Read.  Earlier we had "Man in the middle" concept. Now we will begin seeing a 'mole'  in real time data streams.  This seems to be another brain child of Ravi Sundaram

Simple is Good !

ASHLEY:

 

Keeping it simple in business is vital. In business, as in life, it
seems to be human nature to make things more complicated than they have to
be. In business this can have disastrous consequences because without
simplicity the function of the business can be severely hampered. I often
meet people who agree but it seems big corporations are unable to make the
necessary changes because there are too many people on the totem pole to get
the changes enacted

 

Via : simplictyblog

HR & Talent Managment

 McKinsey surveys show that business leaders around the world are deeply concerned about the intensifying competition for talent, few companies make it an integral part of a long-term business strategy.

 

To find out more about how companies can bolster the HR function and successfully recruit and manage employees, read "Making talent a strategic priority" (January 2008).