Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans
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Accountability vs Responsibility

Reparations

Several people and/or countries demand reparations for past wrongful acts (eg, climate change, slavery, WWII). In case of countries, these demands often feel like blackmail or extortion. In case of people, these demands often lack causality due to time elapsed (eg, centuries). Moreover, there is an indirect and implicit claim of a collective sin, like the Germans...

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The 3 stages of ignorance

Recently, the FT mentioned a 2022 book by Andy Borowitz, an American satirist: Profiles in Ignorance: How America’s Politicians Got Dumber and Dumber (eg, Amazon). I just listened to his interview on PBS. He mentions 3 stages in ignorance: (i) ridicule, (ii) acceptance, and (iii) celebration. According to Andy Borowitz, stage 1 was in the 1970s (eg, Ronald Reagan)....

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What Is Russia Thinking?? (GPF)

GeoPolitical Futures title: What Is Russia Thinking?? By: George Friedman Date: 4 October 2022 "The reason for Russia’s invasion of Ukraine was clear: Moscow wanted strategic depth. Nothing Russia has done since, however, has been clear. The military has suffered several reversals, but this alone is not unexpected. Reversals are part of war, and prudent commanders...

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Permission or forgiveness; not both

Recently, a friend proposed a move in our online game. I advised against it as I feared revenge or retaliation. My friend said (s)he would ask for permission. That permission was denied. Much to my surprise, my friend made that move anyway. Now, (s)he is seeking for forgiveness following the consequences. My 2019 blog, It’s easier to ask forgiveness than it is to...

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Private Equity is buying stakes in audit firms

Dutch Private Equity (PE) firm Waterland, ranked #1 in Europe and #2 worldwide, is buying stakes in medium-sized audit firms. PE firms are not philanthropists. They care about an exit within a "few" years. It's hard to see that exit unless a major change in audit legislation will occur, which is not imaginary. A recent interview in the Dutch Financial Times claimed...

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Crisis here. Crisis there. Crisis everywhere.

Late last century, international businesses stopped using the word 'problem'. People had gotten fed up hearing it. Hence, new words arrived describing the very same; mostly challenge and issue. In 2022, it seems that every single problem has become a crisis or even a disaster. In 1975, Supertramp released its album Crisis? What crisis? The album title was more about...

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