by Stephen McPhie, CA
Partner, RSD Solutions Inc.
I was in Edinburgh yesterday at a presentation by Lionel Barber, Editor of the Financial Times of London. He was more optimistic about the U.S. than Europe and very skeptical about the “managed” growth statistics coming out of China. He thinks Greece will leave the Euro, there will not be a war with Iran and Obama, and Cameron are wrong to dismiss the possibility of the leftist Hollande becoming French President in this year’s election. Etc., etc. Overall, if he is correct, slightly on the optimistic side for many companies that have currency and commodity exposures, although the latter could put the cat among the pigeons in terms of what may happen to the Euro. Many C-suiters take a measured view about how things will unfold. Just like the inevitable talk of soft landings. But human nature and psychology have a nasty habit of participating in the unfolding of events. We don’t get soft landings – we get busts. We never get what we expect. Some small inconsequential thing blows up. Do you run your enterprise depending upon a balanced and measured view of the future? Or do you expect to have a head on collision with “unknown unknowns”? (Thank goodness for Donald Rumsfeld!)
No comments:
Post a Comment