I finished meeting an investment advisory firm owner-partner, where we agreed to work together. I felt good about it as I got up from the odd looking chairs in his conference room. Odd because the handles were abnormally wide apart. He said they were just made that way. I thought maybe he had very portly clients. As I walked down the stairs I remembered his intention to be a lone star firm, where there would be junior partners but mainly to execute, all the relationships would largely be his. I thought he would explain his stand which contrasts with modern day philosophy of democratic firm building. But he had no qualms about it being a one man show, and that he intended it to be that way in the future. Well is there any empirical evidence on whether lone star firms survive better? Ambit, JM, DSP, Avendus, Mape, the big 4, JP Morgan, Goldman etc. I leave you to do your own analysis. My view however is that lone star firms can probably lay claim to some form of specialization, service or discretion but they can’t house great talent. Though you may argue that great talent will seek to be on its own. So given my anti lone star views, I was a bit deflated and I walked I reached the Bengali market roundabout and I remembered the Bengal Sweets sweet boxes that my father brought from Apollo Tyres shareholder meetings nearly 20 years back. I think they later banned giving gifts at AGM’s. So I walked into the store, salivated at the khoya based sweets and chola bhatura and then decided on gol gappe. I will rave about suji ke gol gappe and rant about the crap they call pani puri in Bombay some other time. While I was gorging, I saw an old portly man dressed in pyjama and the kurta of the baniyas in chandni chowk which is like short and has a pocket. He was standing behind and more than an armslength away. So the guy had to turn back and reach out to serve him. His demeanor and a couple of remarks suggested that he was probably the owner. When he left I asked the guy and he said that he was the owner and he never came when it was busy and always stood away from the customers. So I started my interrogation. The maalik was a great man. The guy had been working there for the last 23 years and so also most others. He said we have no coupon system (which is a centralized billing and collection system)because the owner trusts us and the customer can be flexible. We go to the owners house to keep the cash. We don’t ring the bell and we don’t need to ask the owner to take the next days cash. I thought this was extreme. You could see his pride in his owner and the importance of the trust that his owner reposed in him. He came from his village many years back and is not very literate. I guess its the choice between scaling up and being only one store. Is the chain of Haldiram and Bikano’s any better than Bengal Sweets or other such singles. My romantic mind says no but Mc Donalds and KFC makes me think otherwise. So maybe the lone star thing is more of a personal choice and its not to be confused with institution building.
Cold Iron can cut hot iron but hot iron can not cut cold iron. I am not sure about the metallurgical accuracy of this statement made to me by a fresh looking autorickshaw driver in Bombay but it sounds logical. He made this comment in the course of an animated discussion we were having on why there is no point in road rage. He told me about how he was an angry young boy from Jaunpur and now he is a mellow middle aged man with a flat in Nallasopara on the outskirts of Bombay. Is there any merit in thinking that he has two autos and a flat in Bombay because he has controlled his anger. Probably. By the way his investment in that flat is a fairly good investment. He invested Rs. 1.4 lacs in 2009 which is now Rs. 2.4 lacs odd and commands a rental of Rs. 2000 a month. Thats 17% return pa. I am wondering why not buy five flats and etc…The road rage thing makes me wonder did we have this much of road rage when we had bullock carts running around on unpaved roads. Does the speed of macadamized roads lead to a desire for quick results and reduce tolerance to hindrances. Also what about research on how chemicals in the food chain make people hyperactive and etc. Research suggests that there is a link between organophospate pesticides (OP) and Attention Deficit Hyperactivity Disorder (ADHD) in children. A 5-year study at the University of Wisconsin in Madison found that water contaminated with low levels of the common agricultural pesticides atrazine and aldicarb altered thyroid hormone levels in the bloodstreams of mice. Researchers found that ingesting various combinations of these chemicals (which are often found in water supplies in farming regions) caused increased aggression as a result. Britain’s Global Environmental Change Programme found that lead, PCBs, biphenyls and radiation are harming the intelligence of people around the world. That’s a lot of research…But maybe we instinctively always knew it. The word leaden derived from lead also means Dull, heavy, or slow. So lead was always associated with low intelligence from hundreds of years. We just proved it scientifically now. We probably need to slow down, because mathematically a graph which goes up constantly will soon run out of paper, but cyclical forms will go up and come down but stay within the paper. So our desire for endless growth…will be addressed some other day….
I heard Jorge Ramos on how the demographics would change and the Hispanics wont be a minority and most importantly ‘this nostalgic view of America won’t work’. Canada, America and West Europe are the parts of the world which should accommodate, not discriminate, while Asia, South America and Africa will not be friendly with immigrants at all….For instance in our own country there is no doubt in our mind that Bangladeshis are trying to get in and we should keep them out. Its not an emotive issue. Indians who talk about the immigrant unfriendly attitude of Trump are completely ok being immigrant unfriendly in India….for that matter even within India. anti south indians in the north which then changed to anti biharis….or non marathis in bombay…So while Trump is an ugly and probably dodgy kind of guy there are real reasons why he has a support base. The reality is that there is a bunch of white people who took over the place and started making this country…a lot of others from around the world were brought in, came in, sneaked in….and now they want to have some say in running the place…which the white people dont want to give away….and why would they….Imagine its 2180 and somehow this is a Hispanic privilege country or a Hispanic Asian privilege country….it would be tables turned…and the same way you see white people reacting you would see Hispanics and Asians being immigrant unfriendly….
During the final years of Steve Job’s life the former Apple CEO was in desperate need of a liver transplant but refused his successor Tim Cook when he suggested a partial one, reveals a new biography set for release on March 24.
In the upcoming book Becoming Steve Jobs, written by Brent Schlender and Fast Company Executive Editor Rick Tetzeli, Cook reportedly went through a series of tests and discovered that a partial liver transplant was feasible, but said Jobs heatedly turned him away.
“Steve only yelled at me four or five times during the 13 years I knew him, and this was one of them,” Cook says in the book.
Read the full excerpt here and check out the April edition of Fast Company for more.
Had it not been for a coup, Tidjane Thiam would probably have not risen to the top ranks of the financial world.
For a few months in late 1999 and early 2000, Thiam— who was named as the new CEO of Credit Suisse on Tuesday—was a prisoner of the state, under house arrest, in his home country of Côte d’Ivoire. Thiam was then asked to work for the military government that had taken over control of the country. He said no. A few months after he was released, Thiam fled the country. He has not returned.
“He would only want to work with a democratic regime,” Aka Manouan, a childhood friend of Thiam, told The Telegraph in 2011. “Democracy, accountability, the rule of law, the strength of the market, these are the things very close to [Thiam’s] heart.”
And that’s perhaps why, despite the fact that he has…
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Thanks to more education about healthy eating and advancements in treatment, fewer people die of heart disease than in the past. That said, clogged heart arteries are still the number-one cause of death in the United States. Although heart attack symptoms can be a scary first sign of trouble (and keep in mind women have different symptoms than men), sometimes the body offers up more subtle clues that something is amiss with your ticker. The following is a list of symptoms that might be worth a chat with your doctor. But they may also be caused by a bunch of other things, so don’t freak out. (Many of these are also symptoms of anemia, so check out 15 Signs You May Have an Iron Deficiency.) Only your real doctor—not Dr. Google—can really tell you if these symptoms mean anything at all.
You’re extremely tired
This isn’t just lack of…
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Andy Grove of Intel said only the paranoid survive. This kind of complacency is what has made them lose the design war to BMW
At least one major car executive is less than concerned about the idea of Apple getting into the automotive game.
Dieter Zetsche, chairman of of Daimler AG and head of Mercedes-Benz, said he isn’t losing any sleep over the rumors of an Apple Car, according to Australian car website Motoring.
“If there were a rumor that Mercedes or Daimler planned to start building smartphones then [Apple] would not be sleepless at night. And the same applies to me,” he said.
Rumors of an Apple Car have been swirling for weeks thanks to reports that the Cupertino tech giant has been hiring engineers for an automotive project. It’s still unclear what an Apple Car might look like, what it would do or if it will ever exist at all. Still, Apple getting into the car industry would be a major new entry to the sector.
great relationships constitute the real secret formula of enduring business success.
If you could line up all the senior executives inside Fortune 500 companies over the years and rate them by power and influence, one guy would stand ahead of most of the CEOs—and outrank every other executive who vied for the brass ring and, like him, never got it.
Donald R. Keough, the former president and COO of Coca-Cola who died Tuesday at age 88, was arguably the most powerful non-CEO in recent memory. Guiding Coke’s global expansion and steering the company through management upheaval, Keough outlived a parade of Coke chiefs and probably mattered more than any of them.
Warren Buffett recalls the moment 30 years ago when Coca-Cola [fortune-stock symbol=”KO”] made one of the worst blunders in marketing history—by replacing flagship Coke with a new formula, calling it New Coke, and resisting a firestorm of consumer anger. Roberto Goizueta was CEO back then, and Keough was his president…
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cool stuff…quotes plus sign minus sign search newspapers, search a website
Google Search’s learning curve is an odd one. You use it every day, but still all you know is how to search. But the search engine has plenty of tricks up its sleeve.
Here’s an overview of some of the most useful Google search tricks, from basic tips to new features just recently released.
1. Use quotes to search for an exact phrase.
This one’s a well-known, simple trick: searching a phrase in quotes will yield only pages with the same words in the same order as what’s in the quotes. It’s one of the most vital search tips, especially useful if you’re trying to find results containing a specific a phrase.
2. Use an asterisk within quotes to specify unknown or variable words.
Here’s a lesser known trick: searching a phrase in quotes with an asterisk replacing a word will search all variations of that phrase. It’s helpful if…
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