Operations and Operational Art and applicability to other business


THE UNITED STATES NAVAL WAR COLLEGE JOINT MILITARY OPERATIONS DEPARTMENT On Operations: Operational Art and Military Disciplines Kindle Edition by Brett Friedman (Author) Link is a primer for the book. On Operations and Operational Art – military terms which roughly equates to method and approach for Operations and for conducting Operations. If that explanation is fuzzy, that is because it is fuzzy. I am just working through the book and there are different approaches in Germany/ Prussia versus more recent US and UK. This post is simply to capture the beginning of what I am learning and of course how … Continue reading Operations and Operational Art and applicability to other business

Buffett called it “a crazy proposition” the offerings by SVB and FR


Link Bloomberg It was reassuring to hear Buffet indicate the same message I have advocated for the current banking crisis. I would take some issue with the mention of regulators and ‘messaging’. The nature of regulation needs more than messaging and should be re-calibrated to reduce the potential for bad management. I maintain regulation needs to address bank funds matching procedures. Snippets of Bloomberg reporting on Buffet comments Striking a more serious note, Buffett faulted the executives in charge of the failed banks, arguing they should be held accountable for mistakes that were hiding in “plain sight.” He also called … Continue reading Buffett called it “a crazy proposition” the offerings by SVB and FR

”TikTok spied on me. Why?”


TikTok spied on me. Why?FT Cristina Criddle YESTERDAY in the FT Magazine writes and document at length her experience with Chinese intelligence. The story claimed ByteDance employees accessed two reporters’ data through their TikTok accounts. Personal information, including their physical locations, had been used as part of an attempt to find the writers’ sources, after a series of damaging stories about ByteDance. According to the report, two employees in China and two in the US left the company following an internal investigation. In a staff memo, ByteDance’s chief executive lamented the incident as the “misconduct of a few individuals” Selected summary … Continue reading ”TikTok spied on me. Why?”

The US regional bank crisis


John Authers of Bloomberg writes in an email note this morning. The number of Banks in America has come down to the 6,000 range which is a 100% reduction over the last 30 years. We can expect that number of Banks to continue to reduce as retrenchment becomes mandatory for survival. Despite the fire sale of First Republic over the weekend, confidence in regional banks grows ever weaker, with yet more selling of their shares Thursday. This is now getting to an extreme. Their valuation is almost back to the slough of despond in the Global Financial Crisis, while their … Continue reading The US regional bank crisis

Everything known about the coronation schedule so far


This weekend is all about Coronation and Miami F1 Gran Prix. Normal service will resume. Summary of key TV visual times (British Summer Time ‎(UTC+1)‎ Toronto EST is 5 hours earlier Time Headline Detail 10.20 a.m The King’s Procession Charles will travel with Queen Camilla from Buckingham Palace to Westminster Abbey—for 900 years, monarchs have been crowned at the London landmark. 11 a.m. Coronation King and Queen Consort’s coronation ceremony 1 p.m Coronation Procession Main procession: Following the ceremony, Charles and Camilla will depart Westminster Abbey in the Gold State Coach and undertake ‘The Coronation Procession,” a 1.3 mile journey … Continue reading Everything known about the coronation schedule so far

First Republic failure almost identical to SVB – bad banking operations management


As predicted here Mar 12th 2023 the root cause of the failure of Silicon Valley Bank is now well understood as a failure of management. It reflected a failure of management to deploy operational processes. In my view it was not a systemic Banking issue. However there is a systemic aspect in that it is too easy for bad bank managers to fall into the funding mis-match trap. Fund matching is the most fundamental bank balance sheet management issue since the very first banks operated by the Crusaders. Where the financial benefit exceeds the costs of mismanagement or even criminality … Continue reading First Republic failure almost identical to SVB – bad banking operations management

The Global Economy Needs Immigration Before Automation – Lant Pritchett – further thoughts


Lant makes a wonky but strong argument for “people over robots” His argument in Foreign Affairs (link below) centres on productivity and he argues that resisting immigration by building out expensive technology rather than ease immigration controls is fundamentally an inefficient solution. I admit ti falling into the technology evangelist category however his economic arguments are a refreshing take on current economics that we have taken for granted, and possibly too easily. It is easier to build massively expense and difficult technology than deal with the political difficulties associated with “immigrants stealing my job”. In fact he argues that immigration … Continue reading The Global Economy Needs Immigration Before Automation – Lant Pritchett – further thoughts

AI is taking jobs (but not the way you think)


Nice summary of a shift to AI and strategic impact on hiring at Meta Platforms Inc., Alphabet Inc. and Microsoft Corp., courtesy of Bloomberg morning email. The shift is to infrastructure and away from indiscriminate hiring as a method of protecting talent within each of. they’re company’s. This will be a lasting effect on big tech and much more business focussed in my view. Enjoy … Blomberg: It’s a time of austerity for Big Tech — quite the conundrum for companies expected to remain at the forefront of innovation. And from this tension between investing in the future and counting pennies, a … Continue reading AI is taking jobs (but not the way you think)

Activision Blizzard blasts UK after regulator blocks $75bn Microsoft deal


UK Competition and Markets Authority effectively killed Microsofts acquisition of Activision Blizzard in an unclear yet decisive decision. I do not see how this decision helps anyone. Activision Blizzard blasts UK after regulator blocks $75bn Microsoft deal FT The UK competition regulator has blocked Microsoft’s $75bn acquisition of Activision Blizzard, drawing a furious response from the video games maker, which branded Britain “clearly closed for business”. The Competition and Markets Authority on Wednesday delivered a potentially fatal blow to Microsoft’s biggest deal by concluding the software giant could make Activision’s games exclusive to its own cloud gaming service. During the … Continue reading Activision Blizzard blasts UK after regulator blocks $75bn Microsoft deal