9 Jan 2009

Wall Street fundas

Posted by Oblivion in General | 10:44am

After Lehman Brothers went bust and the confidence of employees worldwide was shaken, a friend remarked in good humour, "Now we have to listen to whatever the managers tell us. Can't take risk". And Seth Godin spares nothing when he puts across his insightful take.

"It's clear from current events that there was no correlation between talent and pay on Wall Street.

"Confidence is often a self-fulfilling prophecy, particularly in marketing or investing. Arrogance, on the other hand, is hard to reward. My favorite combination is the quiet confidence of knowledge, combined with the humility that comes from realizing that you're pretty lucky and that you have no idea at all what's guaranteed to work tomorrow."

Sounds even more relevant after scandal hit Satyam the other day!