A few days ago i posted an article by my future boss Vineet Nayar { CEO - HCL Technologies Ltd} where he showed the silver lining of this recession phase and now when every country is working on the bailout packages and there's a bit of stability in the economy here's another great post by him about the Lessons from the meltdown > · Courage to walk away: The very first learning that emerged from what is now being termed as a financial Armageddon was the need for courage: The courage to carve your own path and walk away from the herd. We in India were born with this lesson as we gained independence with ‘non-violence’ in an era of World Wars. In the US financial world, we saw Warren Buffet display the courage to walk away. Back in 2002, when companies began toying with exotic derivative instruments, Warren Buffet termed derivatives ‘financial weapons of mass destruction.’ Few listened to him then but today he stands out as the voice of sanity. · Save it for a rainy day:...
I, Me, Myself!!!