http://blogs.wsj.com/marketbeat/2009/04/02/off-to-the-races/
To shine some optimism on us, FASB says mark 'em up. Some illiquid assets (such as Subprime Mortgages) are hard to quantify as there is not a market for, but this will allow banks to give them some value, to improve firms financials. I am just worried about the time frame, honesty and our ability to later compare banks situations. If not all banks are adopting mark to market, how can we value them on the open market? How we will compare previous years to projections? Is constantly changing rules truly going to aid our recovery, or just mask past mistakes, aka, band-aid style? Oh, and go read this....... http://www.amazon.com/Smartest-Guys-Room-Amazing-Scandalous/dp/1591840538/ref=sr_1_2?ie=UTF8&s=books&qid=1239903750&sr=8-2. Then tell me you saw it coming.
Since we are in to new and innovative things.....................
Is there anything more frustrating than a company telling you don't have enough experience? Well, no kidding, that is why I am applying to the job, I met the quals, I have an MBA, but I don't know all the acronyms associated with, for example, Health Care. Are these really that important (http://en.wikipedia.org/wiki/Acronyms_in_healthcare)? Is that really going to help me build repoire with clients, enable others to do their best, work harder, sell more, trade higher, and meet a deadline? If I were a hiring manager, criteria such as respectfulness, honesty, drive, personality and well-roundedness (made that up, but who cares) would be much more important than experience in a particular task. Forward thinking companies already understand this, and know that they have the training necessary to teach a competent person how to perform a certain skillset. Right now, this is crucial as ever, and hiring managers can be uber selective in the search because of the talent available.
Talent over Experience...........Whatta ya got????
Thursday, April 16, 2009
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