Tag: perception

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The Problem with post-Brexit UK isn’t Leave but Remain

The government of David Cameron and the British intelligentsia will ruin the United Kingdom if they stay the course of their post-Brexit rhetoric. The tone is abysmal. Catastrophic—like a family’s patriarch has unexpectedly died and the women left behind must abandon their estate. Think Sense and Sensibility, where the Dashwood mother and daughters are exiled to the English countryside following the master’s death. They are outcasts. They have no rights to inheritance. They have no future.

But the story’s ending is quite different than its beginning. The UK’s future can be great—better, apart from the European Union than being one of its members. But that chapter may never be written should sour grapes of doom and gloom dominate the post-Brexit narrative. As I often say: In business, perception is everything. Same applies to government, and the image that nations put forth. Too much of the story being written about the UK’s future, which no one without a time machine can predict, is negative. The narrative conveys no confidence that the islands can stand alone. 

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A Few Bad Apples Shouldn’t Spoil the Whole Bunch, Mr. Cook

Listening to Apple’s fiscal second quarter 2016 earnings conference call yesterday was like attending a funeral—where the eulogy is for someone whom you know has gone to Hell. There’s no way to sugarcoat that the good days are over and an eternity of burning flesh awaits. I kid you not. Haul over to iTunes and download the replay. You’ll feel the grim reaper looking over your shoulder while CEO Tim Cook talks as joyfully about Apple’s performance as a man granted last words before the gallows.

And I wonder why? So what that Apple reported its first revenue decline in 13 years, or that iPhone sales fell for the first time ever, or that Q3 guidance is a few billion short of Wall Street consensus? This friggin’ company still mints money, and that ain’t changing anytime soon. Revenue reached $50.6 billion—more than Alphabet, Facebook, Microsoft, and PayPal combined. Apple’s $10.5 billion net income exceeds that of Alphabet and Microsoft together. Oh, and iPhone generated more revenue ($32.86 billion) than either competitor’s total sales. Apple ended the quarter with a $232 billion cash horde. And we get a wake, not a celebration?