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June 2008

Words and deeds

By Raman Jokhakar, Tarunkumar Singhal, Chartered Accountants
Reading Time 1 mins
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31 Words and deeds


 



  • Quote of the month

“Anything
that smells like a conglomerate is going to be gone. We have to get rid of
those business.”

Vikram Pandit,
CEO, CITIGROUP, in Financial Times.

  •  Risk-management

“Sometimes
you need to say, ‘No model is better than a faulty model’ — like no medicine
is better than the advice of an unqualified doctor”

Nassim Taleb,
Risk Management Guru and

Author of the
Black Swans in Fortune.

  •  Finance

“Derivatives
are like race cars. Part of the performance comes from the machine, and part
from the experience and capability of the driver”

Omer Helvin,
Sales Director, Super Derivatives,

in Business
Line.

“Finance has
gotten so complicated with so much interdependency. What you’ve done is
interconnected the solvency of institutions to a degree that probably nobody
anticipated”

Warren Buffet,
Chairman & CEO, Berkshire Hathaway, in Fortune.

(Source :
Indian Management, May, 2008.)

 

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