Tag Archives: Management

Management, Trading

Bill Gross’s Farewell Letter to Pimco

Bill Gross, founder of Pimco, and its chief investment officer for the past 40 or so years, resigned last week. Rumor has it that he was but two steps ahead of a mutinous gang, swords out, planning to make him walk the plank. Gross was too quick and before the mutineers could force him, he jumped ship — and landed at Janus Capital. There, we surmise, he was given a slug of equity and a free hand to run a smaller, more nimble fund.

On his way out of Pimco, Gross penned a heartfelt farewell letter to his former colleagues. But so great was his haste that he never hit “send.”

Fortunately for you, dear reader, we managed to get our hands on a copy of that e-mail, which we reproduce below and without further comment:

I can add colours to the chameleon,

Change shapes with Proteus for advantages,

And set the murderous Machiavel to school.

— Henry VI, Part III

Dear Friends, Colleagues and Co-workers,

http://www.bloombergview.com/articles/2014-10-03/bill-gross-s-investor-outlook-on-palace-coups

Related Posts

  • Risk, Discipline, and Patience: The Triad of Trend Following Excellence
    72
    Embarking on a trading adventure involves developing a systematic strategy, understanding trend following, and mastering risk management. Drawing on resources like Covel's "Trend Following" and Schwager's "Market Wizards," traders must cultivate patience and discipline. Continual learning and adaptation are crucial to navigating the ever-changing markets and achieving long-term success.
    Tags: trading, management
  • Cohen’s Point72 Bans Instant Messaging for Some Managers
    69
    Point72 Asset Management LP, Steven A. Cohen’s family office and successor to his hedge-fund firm SAC Capital Advisors LP, is banning some of its employees from using instant messaging for external communication after last year agreeing to settle insider trading allegations. “This prohibition of IMs will reduce the highly informal communications inherent with…
    Tags: steps, chief, officer, capital, management, trading
  • Bond investing isn’t about forecasting
    63
    The best way to sell anything is to tell a story — and bond funds are no exception to this rule. When you talk to bond-fund managers, they love to talk about their thesis, or their strategy — some grand vision of the world which, they hope, you will find compelling. If you do…
    Tags: gross, pimco, change, management, fund, bill, trading
  • The trading world's unpredictable nature requires ....
    60
    The trading world's unpredictable nature requires acknowledging the gamble involved in each decision. This perspective is not to deter individuals from trading but to instill a respect for the markets' volatility and the importance of strategic planning, risk management, and emotional control in pursuing trading success.
    Tags: trading, management, planning
  • Richard Dennis encapsulates crucial wisdom for traders
    60
    Dennis underscores the psychological impact of losses on decision-making.
    Tags: trading, management, capital, quick
Economy, Management

List of the thinkers, doers and dreamers who really matter in an age of gridlock and dysfunction

 

 

THE POLITICO 50

screenshot.97

Related Posts

  • Tesla Gigafactory Production Exceeds 2013 Global Production
    63
    http://www.teslamotors.com/sites/default/files/blog_attachments/gigafactory.pdf
    Tags: economy
  • Collaborative Economy Honeycomb
    63
    Follow up of my post on BIG COMPANIES NOW HAVE A HAND IN THE COLLABORATIVE ECONOMY Here is one picture.
    Tags: economy
  • Greek debt tracker by FT
    61
    Greek debt tracker   As the government in Athens haggles with its lenders over economic reforms,Greece is running out of money. Here is what it owes in the upcoming months. http://www.ft.com/ig/sites/2015/greek-debt-monitor/
    Tags: economy
  • This could end 'very badly'
    60
    Why do we say so ? Easy money policies of recent years could lead to big problems. Warning indicators like the significant number of original general public offerings of organizations that are unprofitable, and substantial degrees of financial debt issued to firms, often with weak credit score.
    Tags: economy
  • Buffett's annual letter: What you can learn from my real estate investments
    60
    In an exclusive excerpt from his upcoming shareholder letter, Warren Buffett looks back at a pair of real estate purchases and the lessons they offer for equity investors. By Warren Buffett http://finance.fortune.cnn.com/2014/02/24/warren-buffett-berkshire-letter/
    Tags: economy
Management

Stenbeck transforms Swedish family firm into major online investor

Swedish-American heiress Cristina Stenbeck’s bet on the red-hot e-commerce business has caught the eye of investors, although doubters question the future of her Kinnevik group in a sector where new players emerge almost every day.

Shares in Kinnevik, which Stenbeck inherited at 24 on the sudden death of her father Jan, have more than doubled in half a dozen years and outstripped some of Sweden’s other renowned family investment firms under her leadership.

Yet some critics regard Kinnevik’s investment shift into online retailing where entry barriers are low as foolhardy. They question the team Stenbeck has built, saying that while it is strong on banking and financial experience, it lacks the operational ability to build long-lasting web businesses.

In its nearly 80-year history, Kinnevik has made a habit of leaping from one growth sector to the next.

http://www.reuters.com/

Related Posts

  • List of the thinkers, doers and dreamers who really matter in an age of gridlock and dysfunction
    51
        THE POLITICO 50
    Tags: management
  • Successful Startups Lessons From The Programming World
    49
    Entrepreneurs will know that most startups are not successful most of the time. Our hiring isn’t quite right, our funds are often running out, we don’t know if we have achieved a good product-market fit, or if the pricing we decided is optimal! On an average day, an entrepreneur has his/her hands…
    Tags: business, day, management
  • 7 reasons for Nadella’s appointment as Microsoft CEO
    47
    Five months ago, the student town of Manipal went abuzz when they realized that one of their own was the leading contender in the race for the top job at Microsoft Corp. For the next five months, it looked like their prayers would easily lead to fruition. But late last…
    Tags: management
  • Emerging markets selloff bruises big-name funds
    46
    The plunge in emerging markets is taking a bite out of the performance of funds managed by some of the biggest names on Wall Street, including BlackRock, Brevan Howard and T. Rowe Price. Some mutual funds are already down 10 percent so far this year, thanks to declining stocks and…
    Tags: year, investors, http://www.reuters.com, management
  • Bill Gross's Farewell Letter to Pimco
    44
    Bill Gross, founder of Pimco, and its chief investment officer for the past 40 or so years, resigned last week. Rumor has it that he was but two steps ahead of a mutinous gang, swords out, planning to make him walk the plank. Gross was too quick and before the…
    Tags: investment, years, management
Management

7 reasons for Nadella’s appointment as Microsoft CEO

Five months ago, the student town of Manipal went abuzz when they realized that one of their own was the leading contender in the race for the top job at Microsoft Corp. For the next five months, it looked like their prayers would easily lead to fruition. But late last week, another Indian name came into the fray. While it was a win-win situation for Indians, Redmond had to face a tussle between the two tech-stalwarts who would be resurrecting its lost glory. But in the end Satya Nadella was the man who came out on top. … 

Read all 7 points here : http://yourstory.com/2014/02/satya-nadella-ceo/

 

Related Posts

Management

Successful Startups Lessons From The Programming World

Entrepreneurs will know that most startups are not successful most of the time. Our hiring isn’t quite right, our funds are often running out, we don’t know if we have achieved a good product-market fit, or if the pricing we decided is optimal! On an average day, an entrepreneur has his/her hands full with more than one such challenge. In a sense a startup’s job is to deal with failure… and systematically eliminate it so we can scale up a roughly error-free business model.

http://www.nextbigwhat.com/

Related Posts

  • The Startup Story You Didn’t Hear About Billion Dollar Company Eloqua: It Was Four Days From Going Bankrupt
    69
    Hear stories from the gritty frontline of entrepreneurship with Eloqua Co-founder and the CEO of Influitive, Mark Organ. A self-described serial entrepreneur, Influitive is Mark’s 7th business. Mark dove into entrepreneurship head first after realizing he couldn’t hold down a regular job. His first ventures gave him exposure to everything from bootstrapping a business to…
    Tags: business, job, entrepreneur, startup
  • 10 Movies Every Entrepreneur Needs to Watch
    60
    No one ever said being an entrepreneur would be easy. A million obstacles seem to stand in the way each and every day. The naysayers and budget woes can be enough for the average person to start waving the white flag. But you are not an average person: You’re an entrepreneur.…
    Tags: entrepreneur, average, business, day, startup
  • Entrepreneurs that Spotting the Hot Spot are the winners
    56
    This is an ever changing economy, in which new scenes and niches constantly emerge. A handful of pioneers jump on it, often purely for fun. One, or maybe a couple of them, figure out a way to turn the idea into a profitable business. Others follow suit, and try to…
    Tags: successful, business, entrepreneurs, time, entrepreneur, startup
  • WHEN YOU START A SMALL BUSINESS, IT'S HARD TO KNOW WHAT SUCCESS OR FAILURE LOOKS LIKE
    55
    In 2011, I started a book business with my best friend called Emily Books. We were qualified to start a business in some ways, not so much in others. We had some expertise in our field: We’d both worked at the intersection of publishing and tech for years, and we…
    Tags: business, startup, failure, management
  • Twitter struggles to get new users, its revenue side is killing it
    52
    In 2009 Twitter was a 50-person company punching way above its weight in cultural impact, its micro-blogging platform blasting its way into the public imagination. But its ambitions were even higher. According to leaked internal documents, the company had privately set goals over the next few years of a billion…
    Tags: business, startup
longread, Management

The Untold Story Of Larry Page

One day in July 2001, Larry Page decided to fire Google’s project managers. All of them.

It was just five years since Page, then a 22-year-old graduate student at Stanford, was struck in the middle of the night with a vision. In it, he somehow managed to download the entire Web and by examining the links between the pages he saw the world’s information in an entirely new way.

What Page wrote down that night became the basis for an algorithm. He called it PageRank and used it to power a new Web search engine called BackRub. The name didn’t stick.

By July 2001, BackRub had been renamed Google and was doing really well. It had millions of users, an impressive list of investors, and 400 employees, including about a half-dozen project managers.

 

Read more: http://www.businessinsider.com/

Related Posts

  • Tyrone Hayes said that a chemical was harmful, its maker pursued him #longread
    63
    Hayes has devoted the past fifteen years to studying atrazine, a widely used herbicide made by Syngenta. The company’s notes reveal that it struggled to make sense of him, and plotted ways to discredit him. http://www.newyorker.com/reporting/2014/02/10/140210fa_fact_aviv
    Tags: company, #longread, years
  • Google Glass shares much of its electronics and software with the smartphone. #longread
    49
    Google Glass shares much of its electronics and software with the smartphone, but it’s a very different machine. You hold a smartphone in your hand. And we do—at restaurants, at the movies, walking across the street, and even in bed. We use smartphones to check our mail, update Facebook, get…
    Tags: google, #longread, search
  • How Jan Koum Built WhatsApp Into Facebook's New $19 Billion Baby
    48
    Jan Koum picked a meaningful spot to sign the $19 billion deal to sell his company WhatsApp to Facebook earlier today. Koum, cofounder Brian Acton and venture capitalist Jim Goetz of Sequoia drove a few blocks from WhatsApp’s discreet headquarters in Mountain View to a disused white building across the…
    Tags: company, #longread
  • Where’s #Google going next? Ask #LarryPage
    43
    Onstage at TED2014, Charlie Rose interviews Google CEO Larry Page about his far-off vision for the company. It includes aerial bikeways and internet balloons … and then it gets even more interesting, as Page talks through the company’s recent acquisition of Deep Mind, an AI that is learning some surprising…
    Tags: company, vision, larry, google
  • Why is America’s largest cable TV company buying its biggest rival for $44 billion?
    42
    Why is America’s largest cable TV company buying its biggest rival for $44 billion? Well, not to oversimplify things, but that’s easy to explain: http://qz.com/176837/one-sentence-and-six-charts-explain-why-comcast-is-buying-time-warner-cable/
    Tags: company, well