The McKinsey Quarterly

Thankful

Being thankful in any situation is a positive attitude. It brings peace to the mind and rest the heart. The result is a healthy body and a smiling face. Today go about and spread the story of being thankful

More is Certain

I had been working on an acquisition over the last three weeks and it was the most tiresome experience ever. The target being a public listed company means that any news leakage will drive up the share price. The purchase price of a public listed company will carry a premium on the share price. In Asia, I noted that the premium given is about 10~15% but in the USA, it is between 20~40%! Just imagine, if you spotted a target and you buy into it, and you hit the bull's eye! You could make quite a bundle. Of course, your guess could be wrong, and if so, expect that share price to go down, when the news is announced. For those working on such a deal, expect tons of information to be provided to you, and most of this could be outdated. However the bank (usually) engaged to do the job wants to impress you with documents. After all, more means "we are doing something" compared to "less but quality stuff". So, I have to keep sieving lousy information, to get out what is...

Is Gen Y in trouble?

Gen Y are people born somewhere in the mid 70s, and should be around thirtyish by now. Most of them in the developed countries are used to the good life style. Is this generation in trouble? Here's an article from Business Week. Think about our kids, who are part of this Gen Y. http://www.businessweek.com/investor/content/jul2010/pi20100715_116291.htm The Straits Times in Singapore carried a couple of articles as well on Gen Y. They are more attuned to pop, iPhone, gaming, luxury goods, pub, wine which the baby boomers avoid to plan for the future. What will the future hold for them and for us? Do we have to support the Gen Y as well from our retirement fund?

Sight to Insight

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