A few weeks ago we were at Vanderbilt University with FIA’s Executive MBA, and a week later, I was in London, participating in the International Accreditation Council of AMBA – Association of MBAs.
These were important times in the current economic crisis; in the U.S., Congress rejected the original Bush administration rescue package on the day we started our classes, and in London, during our meeting with an executive from RBS - Royal Bank of Scotland his company lost over a Billion pounds while we spoke!
Opportunities? Whoever is buying these shares, like Mr. Warren Buffet, is acquiring big companies at low prices. Countries like Brazil, which took more a conservative approach in financial markets, are likely to suffer less damage and will recover faster.
If financial value created by speculative bubbles is lost, concrete positions in productive assets are opportunities for growth. According to "Success Made in Brazil" a book by Donald Sull of Harvard University, Brazilian executives are masters at dealing with volatility. Living for years with volatile rollercoaster markets, they have learnt to hoard liquidity in times of plenty, develop talents and skills in readiness for more favorable times, and to act quickly and decisively when golden opportunities arise.
In personal terms, this is the time to protect ourselves from the storm; to study and to prepare oneself for golden opportunities in companies and businesses that will emerge even stronger from a time of crisis.
James Wright
No comments:
Post a Comment