An interview transcript between Warren Buffet and Beckie Quick from CNBC (Mr. Buffet is really fond with CNBC it seems, he did a lot of interview for them especially during the financial crisis).
It’s a bit ironic though that the premise of the interview is his co-chairing the Goldman Sachs’ entrepreneurial event titled 10,000 small business initiatives. Since when did Goldman turned into an SME banks? Nonetheless, an excellent interview (though reading through the transcript, Mr. Buffet’s interview is best viewed, not read).
This is the definitive study by Societe Generale of the economic condition in US, UK, and Europe and whether there’s parallel compared to Japan’s lost decade. The main point of the report is that while there are several familiarity between US, UK, and Europe’s economy today compared to Japan’s circa 90s, the central bank and the government’s report during the 2008 crisis is swift and broad – unlike the muted response by Japan’s central bank at the time.
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A nice summary of the PDF can be viewed here.
It’s been a while since the last time I wrote a blog post of any kind. It took me to procrastinate several days before I finally take the plunge to write this piece so please bear with me. I’m slightly rusty but I believe a few short post in the next few days should get things up and going again.
Looking in hindsight, I missed several opportunities that was offered to me during the 2008-2010 season (I believe that’s my hiatus gap since the last time I blogged). From the subsequent market crash and amazing rebound (though the global economy still looks sluggish), to other opportunities in friendship, work, and study. Again in hindsight, I see that this failure to capture it is due to my seeing those favorable circumstances individually instead of as a whole.
It got me into this whole self-reflection mode that was helped by Steve Jobs’ famous Stanford commencement speech:
Of course it was impossible to connect the dots looking forward when I was in college, but it was very, very clear looking backwards 10 years later. Again, you can’t connect the dots looking forward. You can only connect them looking backwards, so you have to trust that the dots will somehow connect in your future. You have to trust in something–your gut, destiny, life, karma, whatever–because believing that the dots will connect down the road will give you the confidence to follow your heart, even when it leads you off the well-worn path, and that will make all the difference.
Clearly, I should not view each chance that I get as an isolated case. I have to believe that those chance, those opportunities, those sweats and tears and all the baggage that came with it will somehow connect the dots in the future and shape me to be a better person, a better friend, and a better member of human kind. I promise to my self to never let any chance slip away without a fight.