Tag Archives: Awesome

Business is Awesome: Value

It has been some time since the awesomeness of business was discussed on these pixels. One might therefore assume that business has lost its way, and is now no longer awesome.

That could not be further from the truth. Nostalgia had me browsing through some nice lines & boxes & numbers from yesteryear (2015), from the nice people of Goldman Sachs.

One number in particular struck me, right at the bottom. In 2010, World Market Capitalization was $52tn. In 2015, the hardworking denizens of the business world added over $10tn in value ($10.8tn to be precise). That’s $5.9B a day, even on weekends!

And business people get so much stick! If increasing the value of the world day in and day out isn’t important, I don’t know what is. Awesome.

Advertisements
Tagged , , , , , ,

Business is Awesome: Forecasting

Business is Awesome.  You know it, I know it.  This series is where I write about it.

It’s hard, being a person. As soon as you think you’re on top of something, the future comes along and surprises you. Like Alice in Wonderland, you’ve often got to keep running just to stay in the same place.

How do businesses cope with this future uncertainty? The answer is that they don’t have to! Every year, businesses are able to predict, or “forecast”, precisely what their sales and profits will be many years in the future. I have come across many businesses, and they can apparently all do it! I don’t know how, but what a wonderful weight off the mind.

It might seem like magic, but it’s just businesses being businesses. Isn’t business awesome?

Tagged , , , ,

Business is Awesome: Currency trading

Business is Awesome.  You know it, I know it.  This series is where I write about it.

Everyone knows how shops work. You go into a shop, you choose things that you want, you exchange those goods for a given amount of money. Everyone is a winner – you have a product or service you want, and the retailer or service provider gets the money they need.  Simple.

What if I told you that you could use money, to buy money, that was somehow worth more money than the money you used to buy the money?

I’ll hold on a second while you read that back.

I know right?! That seems crazy! But that’s what Currency Traders do every day.  They somehow turn money into more money just by buying money!

I will admit that I’m not that clear on the details, but regardless, this is just another way in which Business is Awesome.  Making money by buying money? What will they think of next.

Tagged , , , ,