The nation of Greece is bankrupt. Let’s just say it plainly and simply. Let’s not use “poli-speak” words aimed at soothing the sting or trying to maintain someone’s self-esteem such as; “insolvent”, or “challenged”, or “bust”. And let’s be even more plain, any manner of restructuring of debt, other than “arm’s length” transaction, is the admission of…
Several years ago, a good friend of mine invited me for a “guy’s weekend” in Atlantic Citywhere we were to stay at the Tropicana. It sounded interesting enough as he and I always had a few laughs together and I had never really been to a casino before. In fact, when we arrived at the Tropicana, one of…
People are naturally seduced by a “deal”. We gravitate to signs in stores and on billboards that proclaim, 50% off” or “Buy-one Get-one”. We like to think that we are paying far less for something that we have a right to – that somehow we got the “better” of our opponent. We take a smug…
Recently, whilst working with the Global Planning Team of a major oil company, we were asked, “What is the cost of complexity and what is the effective range on this cost?” At one level, the answer is easy; “It is the cost associated with having more than one customer and product. The more complex the supply chain,…
Many of us have experienced the pinch of money from time to time. We earn a greater income, yet our expenses seem to be proportionally scaling to the same heights, regardless of inflation, cost of living and other exceptions. It’s not just being frugal that can minimize our expenses – money management is just as,…
