Image via Wikipedia
VISION AND FORESIGHT
Monkey Theory
----------
Once upon a time in a village in India , a man announced to the villagers that he would buy monkeys for $10.
The villagers seeing there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf.
In the absence of the man, the assistant told the villagers: 'Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when he returns from the city, you can sell them back to him for $50.'
The villagers squeezed together their savings and bought all the monkeys.
Then they never saw the man or his assistant again, only monkeys everywhere!
Welcome to WALL STREET.
VW scraps merger talks with Porsche
I thought that this was going through already…
-----
VOLKSWAGEN AG, Europe’s largest car maker, called off talks with Porsche SE about a merger less than two weeks after the sports-car manufacturer’s controlling families agreed to explore a merger.
“There is currently no atmosphere for constructive talks,” a Volkswagen spokeswoman said on Sunday.
In a statement, Porsche said while a meeting scheduled for yesterday had been cancelled, negotiations would resume. It did not give details.
Porsche workers were set to hold their first strike ever yesterday to protest against the merger plan, Focus magazine reported.
The Porsche and Piech families, which together control half of Porsche, agreed on May 6 to create an “integrated” carmaker that would put Porsche alongside VW brands including Skoda and Audi.
Talks to hash out details of a merger are on hold after VW Supervisory Board Chairman Ferdinand Piech said on May 11 that VW would not help “solve” Porsche’s financial problem and that Porsche must trim its ‚9 billion ($17.8 billion) in net debt. BLOOMBERG
From TODAY, Business – Tuesday, 19-May-2009
Tender on hold until 2013
No thanks to shaky economic conditions, JTC Corp has scrapped a tender seeking an operator for its underground rock cavern oil storage project and plans to reissue it around 2013. This is ‘due to the shift in the timelines of downstream projects on Jurong Island’, said a JTC spokeswoman. Today understands that some energy players — which are potential customers of the facility — have been delaying their own projects amid the downturn. JTC said it planned to re-issue the operating tender ‘nearer the completion of the first two caverns’, which date is scheduled to be 2013. The entire project, consisting of five caverns, is expected to be completed in 2014. Photo courtesy JTC
From TODAY, Business; Friday, 15-May-2009
The 'Curse of Knowledge'
Since my elementary days, having had the experience of such phenomenon, I was baffled. Simply, it is the dilemma of (1) not knowing something, like when you are postulating, or making a hypothesis, or when you are solving a math problem... anything, that when at first you don't know it, then comes a time that you find out how, (2) then you know it already, and then, (3) you don't know anymore how you did not know it then. That is the 'curse of knowledge'.
Well, I was reading a book about web site optimization, "Always Be Testing", and then they outright discussed that phenomenon. And the example given was very, very good, in relation to the context of what they are currently discussing in the book.
I will present the full text of that discussion in my other blog, My Computer Quest, as I deem that while it has value on the leadership side, it is more appropriate to be posted in my computer-associated blog.
Till then.