Seen Not Heard: April 2009

seen not heard

from the 16th to 21st century
...China is much more than it sounds and the sight thereof make a very different impression from what is heard or read about it... This must be seen and not heard, because hearing it is nothing in comparison with seeing it.
-- Fr. Gaspar da Cruz, 1570
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Hanging Tough: Financial Page: The New Yorker

The academics Peter Dickson and Joseph Giglierano have argued that companies have to worry about two kinds of failure: “sinking the boat” (wrecking the company by making a bad bet) or “missing the boat” (letting a great opportunity pass).

(tags: risk uncertainty recession cuts investment newyorker economics strategy m&a)