jerryking + kairos   6

Steven Mnuchin’s Defining Moment: Seizing Opportunity From the Financial Crisis - WSJ
By RACHEL LOUISE ENSIGN, ANUPREETA DAS and REBECCA BALLHAUS
Updated Dec. 1, 2016.

Federal officials expected to suffer as much as $8 billion in losses from IndyMac. That left regulators looking for someone to take over the bank and mitigate the damage. Speed was essential, since the FDIC was bracing for a wave of additional bank failures.

Mr. Mnuchin assembled an all-star cast drawn from his years on Wall Street, including Mr. Soros, hedge-fund manager John Paulson, billionaire Michael Dell’s investment firm and several former Goldman executives, including J. Christopher Flowers. They signed up on the basis that Mr. Mnuchin would personally run the bank, according to people familiar with the matter.

By now, he knew that few bidders would be willing to buy all the failed bank’s assets. And he knew he was taking a giant risk.

At the end of 2008, Mr. Mnuchin persuaded the FDIC to sell IndyMac for about $1.5 billion. The deal included IndyMac branches, deposits and assets. The FDIC also agreed to protect the buyers from the most severe losses for years. That loss-sharing arrangement turned out to be a master stroke.
turnarounds  financial_services  Steven_Mnuchin  Goldman_Sachs  opportunistic  Carpe_diem  economic_downturn  vulture_investing  kairos  seminal_moments  rainmaking  defining_moments 
december 2016 by jerryking
Thane Stenner: Here’s where the wealthy get their investment ‘edge’
Mar. 02, 2016 | The Globe and Mail | THANE STENNER.

They have clear investment goals: High-net-worth individuals are obsessive goal setters. They always know why they’re investing (beyond “to make money”). They reverse-engineer their return objectives to meet both long- and short-term goals.

They know when to delegate: High-net-worth investors are not “do-it-yourself” investors.

They think risk first: High-net-worth individuals are generally focused on wealth protection as much as wealth generation.

It’s business: In general, high-net-worth investors tend to be good at “segregating” their emotions from their investment decisions.

They keep the news in perspective: Most wealthy individuals are news junkies. Of course they listen to, digest, and consider a lot of financial news. But the focus of their attention is on long-term trends, not necessarily up-to-the-minute financial data. And they think very, very carefully before making any decision based on news.

They seize the opportunity in crisis: Most high-net-worth individuals are born contrarians.
high_net_worth  slight_edge  investing  investors  rules_of_the_game  Thane_Stenner  goal-setting  contrarians  reverse_engineering  wealth_protection  kairos  impact_investing  passions  passion_investing  calm  Carpe_diem  Michael_McDerment  thinking_deliberatively  thinking_backwards  work-back_schedules 
march 2016 by jerryking
Marketing in the Moments, to Reach Customers Online - The New York Times
JAN. 17, 2016 | NYT | By ROBERT D. HOF .

MOMENTS are having a moment in advertising. Or at least a micro moment.....It is not just a matter of reaching people at a particular time of day, a capability advertisers have employed for decades. Randy Wootton, chief executive of the ad technology firm Rocket Fuel, which recently announced a “marketing in the moment” approach, refers to ancient Greek concepts of time: chronos, or sequential time, and kairos, a moment of opportunity independent of linear time. The latter, of course, is the one his company claims to employ for marketers.

Another key, said Brian Solis, a principal analyst at Altimeter Group, a market research firm, is that the ads need to be more useful than they are attention-getting. According to a Google survey, 51 percent of smartphone owners have bought from a different company than they intended on the basis of information found online.....However, to build brands, an effort that accounts for the majority of ad spending, companies need more than a moment. And few marketers currently have all the skills needed for moments-based marketing, such as ethnographic studies of their customers and the ability to match customer data to the right context,
intentionality  immediacy  GPS  location_based_services  Greek  LBMA  advertising  instant_gratification  purchase_decisions  brands  branding  marketing  ephemerality  impulse_purchasing  contextual  Ram_Charan  P&G  real-time  Flybits  moments  linearity  seminal_moments  chronological  kairos 
february 2016 by jerryking
Surprised by Opportunity - WSJ.com
NOVEMBER 14, 2007 | WSJ | By WILLIAM EASTERLY.

Set big goals. Do whatever it takes to reach them. These muscular sentences form the core of commencement addresses, business-advice books, political movements and even the United Nations approach to global poverty. In "Strategic Intuition," a concise and entertaining treatise on human achievement, William Duggan says that such pronouncements are not only banal but wrong.[Duggan is therefore the perfect counterpoint to Jim Collins]

Mr. Duggan, who teaches strategy at Columbia Business School, argues that the commonplace formula has it backward. Instead of setting goals first, he says, it is better to watch for opportunities with large payoffs at low costs and only then set your goals. That is what innovators throughout history have done, as Mr. Duggan shows in a deliriously fast-paced tour of history.
[photo]

Napoleon is Mr. Duggan's canonical example -- his strategic genius was not to storm a pre-fixed position on the battlefield (the traditional approach to military strategy at the time) but to attack any old position that came along where his army was at its strongest and the enemy's at its weakest. Similarly, in the battle for civil rights, Martin Luther King Jr. seized on the Montgomery bus boycott in 1955 to shift the NAACP's strategy away from filing lawsuits and toward organizing nonviolent civil disobedience.
audacity  books  book_reviews  civil_disobedience  counterintuitive  flexibility  goal-setting  goals  hard_goals  innovators  intuition  Jim_Collins  kairos  large_payoffs  MLK  NAACP  Napoleon  observations  offensive_tactics  opportunism  personal_payoffs  strategy  William_Duggan  William_Easterly 
november 2011 by jerryking
Now is the moment to seize your opportunity
May 5, 2010 | Financial Times. pg. 10 | Luke Johnson.
Luke_Johnson  ProQuest  opportunistic  kairos 
may 2010 by jerryking
Bailouts Don't Create Jobs: Startups Do - BusinessWeek
April 22, 2009 | Business Week | by Vivek Wadhwa

What we learned was that most people simply don't know how to start
companies. They have ideas and industry knowledge, but are afraid of the
risk, lack certain skills, and need financing. With the recession
causing millions to face unemployment, risk isn't much of a factor any
more. We have a unique opportunity to start educating these workers on
the basics of starting a profitable business.
start_ups  job_creation  Vivek_Wadhwa  howto  bailouts  economic_downturn  recessions  unemployment  Carpe_diem  kairos  seminal_moments 
april 2009 by jerryking

related tags

advertising  audacity  bailouts  books  book_reviews  branding  brands  calm  Carpe_diem  chronological  civil_disobedience  contextual  contrarians  counterintuitive  defining_moments  economic_downturn  ephemerality  financial_services  flexibility  Flybits  goal-setting  goals  Goldman_Sachs  GPS  Greek  hard_goals  high_net_worth  howto  immediacy  impact_investing  impulse_purchasing  innovators  instant_gratification  intentionality  intuition  investing  investors  Jim_Collins  job_creation  kairos  large_payoffs  LBMA  linearity  location_based_services  Luke_Johnson  marketing  Michael_McDerment  MLK  moments  NAACP  Napoleon  observations  offensive_tactics  opportunism  opportunistic  P&G  passions  passion_investing  personal_payoffs  ProQuest  purchase_decisions  rainmaking  Ram_Charan  real-time  recessions  reverse_engineering  rules_of_the_game  seminal_moments  slight_edge  start_ups  Steven_Mnuchin  strategy  Thane_Stenner  thinking_backwards  thinking_deliberatively  turnarounds  unemployment  Vivek_Wadhwa  vulture_investing  wealth_protection  William_Duggan  William_Easterly  work-back_schedules 

Copy this bookmark:



description:


tags: