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Showing posts with the label financial crisis

Just my thoughts #0729

The dew is small, but because of its transparent, convex lens-like shape, it captures everything around it in that tiny water droplet. The fact that such a small size can contain so much information is truly astonishing. Sometimes size matters, but material and shape are often more important. If your bowl is small, don’t be discouraged; it’s better to focus on the material and shape. Greatness makes no excuses. - Joseph’s “just my thoughts”

Just my thoughts #0682

We don’t care about money deposited in the bank. If we ask the bank for money, I believe they will certainly return my funds. However, as shown by Lehman Brothers ’  bankruptcy during the 2008 financial crisis , banks cannot guarantee 100% of depositors’ money. In South Korea, according to the Depositor Protection Act , only 100 million won (about USD 71,000 ) is protected, including principal and interest per person. Anything beyond that is actually at risk. In other words, money deposited in the bank is vulnerable to losing the principal. Investing means willingly accepting the risk of losing the principal while seeking profit. Whether we like it or not, we are always investing in our daily lives. Just because a risk doesn’t materialize doesn’t mean it’s gone. - Joseph’s “just my thoughts”

Just my thoughts #0493

The biggest crisis for CEOs is the financial crisis . However, symptoms precede this financial crisis; staff around the CEOs stop offering advice. If the staff believes that giving advice is futile and will only worsen the relationship, they will refrain from providing further advice. Nevertheless, most CEOs perceive their aides differently when they remain silent. The CEOs interpret the staff’s silence as a resolution to the conflict of interest . Ultimately, the staff’s silence inevitably precedes a financial crisis. - Joseph’s “just my thoughts”