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Posts Tagged ‘Economy’

How to Drink Enjoyably During a Recession?

Thursday, March 5th, 2009

With the way the economic status of America is heading, extra indulgences in life are far from being enjoyed. Amongst this is of course Wine. As we all know wine is not cheap. If you are able to get a cheap bottle then drinker beware, for most of what is out there is not great quality. I have found myself drinking more South American and Australian. These wines, you are going to find affordability as well as drinkability. If you want a French or Italian wine then you just need to know what you are looking for.

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What is going on in the world?

Tuesday, April 8th, 2008

What is going on in the world? How is it that Bear Sterns can go from $20 a share to $2? Basically, my feeling is that the credit crunch of the past 6 months sends a serious message to us all, a message about value.

The problem with board members who rely on econometrics and statistics to forecast company growth and decide who the CEO should be is that they have become too focussed on the profit, and have completely forgotten value. To paraphrase Oscar Wilde, who summed up the crisis we’re in quite well: beware the man who puts a price on everything whilst not knowing the value of anything. The sub-prime mortgage is a result of a bunch of spin-doctors who tried to put a price on things without caring about value. (more…)

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