Galbraith’s analysis of financial euphoria is a sound, witty overview of the common factors to be found in financial collapses from the Tulipomania of 17th century Netherlands to ‘Black Monday’ in October 1987. Events subsequent to the publication of this … Read More
Everyone admires a genius. Brilliance, especially in business, can carry a mediocre vessel across near-miraculous distances. But if a select few at the top of the business are the only ones with sturdy financial knowledge, the whole structure will topple. … Read More
In preliterate, prenumerate societies – according to dubious sources – people only count “One, two, many”. It seems a little strange, given how much people everywhere use their fingers for keeping track of larger numbers and that most people have … Read More
To a lot of people working in large (and not so large) businesses, the word “Finance” means one of two things: the whole time-consuming, confidence-threatening mess of numbers associated with budgets, plans or – argh! – ratios (or even worse … Read More
The lexicon of the Financial Times defines business acumen as “keenness and speed in understanding and deciding on a business situation.” It goes on to clarify: “In practice, people with business acumen are thought of as having business ‘sense’ or business ‘smarts’.” … Read More