I wonder if the same goes for the production of credit & the money supply?
Accepting the relationship between risk and stock levels is key, but reducing stock levels without first reducing risk is tantamount to commercial suicide.
FT.com / Home UK / UK - Can managers reduce the risks of lean production?
Another article from Roger Martin, Dean of Rotman School of Management, that provides a contrarian view to portfolio management theory. Michael Lee Chin bets the farm on 1 stock & wins.
http://www.rotman.utoronto.ca/rogermartin/OM_Excerpt1.pdf
The part I like the best is the comment that "The Chinese character for 'crisis' combines the characters for 'danger' and 'opportunity'". I wonder how you write Fear & Greed in Mandarin?
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