AWS re:Invent 2024 brings a game-changer: EKS Hybrid Nodes! Explore how this innovation bridges cloud and on-premises #Kubernetes like never before. https://t.co/Wna2QE8Sap @kubernetesio@awscloud@AWSEvents
Intel, once a pioneer in tech, now struggles to keep pace in the digital age. A case study on transformation pitfalls and industry insights: https://t.co/eP1uuL5wBH
#technews#tech@intel
Is your IT stuck in virtualization lock-in?
Join our founder, Sirish Raghuram at Gartner IOCS 2024 (Booth 518) to explore cost-effective, seamless solutions for breaking free.
📅 Dec 12, 2024 | 1:30 PM PST
📍 Exhibit Showcase Theater 1-3489
#GartnerIOCS#privatecloud
Is it me or is there a big vibe shift to discussing AI agents as helpers and productivity enhancers rather than something that'll displace you in a couple years?
My mother, Dr. Shyamala Gopalan Harris, came to the United States from India alone at the age of 19. Her courage and determination made me who I am today.
Ever wondered how your online purchases actually work? The payment lifecycle involves a surprising number of players! Our latest blog post breaks down the intricate dance between issuing banks, customers, merchants, and more. Learn how your next online transaction will be processed:
https://t.co/61GVLDnXoN
#payments #ecommerce #financialtechnology #fintech
Financial Services: Is Your Customer a Mystery? Unlock Growth with a 360° View
In today's digital age, customer experience reigns supreme in financial services. But can you truly serve your customers if you don't understand them?
A Single Customer View (SVC) provides a holistic perspective, empowering you to:
Boost Sales & Loyalty: Identify upsell/cross-sell opportunities & personalize the customer journey.
Reduce Churn: Proactively address dissatisfaction with sentiment analysis.
Optimize Marketing: Target campaigns with laser precision for maximum impact.
But siloed data across departments holds many institutions back. Learn how to overcome this challenge and unlock the power of a 360° customer view in our latest blog post: https://t.co/8Ssy19DCKn
#fintech #banking #customercentricity #datadriven #bigdata #cusomerexperience
JENSEN HUANG: “Resilience matters in success. I don’t know how to teach it to you, except for: I hope suffering happens to you .. because .. greatness comes from character. And character isn’t formed out of smart people. It’s formed out of people who suffered.” $NVDA
@ValaAfshar
The financial services industry is undergoing a significant transformation, driven by the power of Generative AI (Gen AI). This technology is not just about automation; it's about unlocking new possibilities for both institutions and customers.
In my latest blog post, I explore 4 key categories where Gen AI is making waves in financial services:
Productivity & Augmentation (think AI assistants and knowledge management)
Creativity & Marketing (personalized content and dynamic experiences)
Runtime Personalization (tailored customer journeys and conversational AI)
Digital Platform & Service (streamlined banking, wealth advice, and more)
Read the full blog post here:
https://t.co/dSRjknkEjT
This is just the beginning of Gen AI's impact on finance. It's an exciting time to be a part of this industry, and I encourage you to join the conversation!
#GenAI #Finance #FinTech #Innovation #Banking #FutureofWork
This blog explores the 6 key forces driving rapid change in Financial Services:
Evolving customer tastes, Threat of Disintermediation, Distribution channels in flux, Fast-growing data, Increasing risks, Fraud & cybercrime on the rise
This blog unpacks each force, its impact, and actionable strategies for financial institutions to thrive in this dynamic landscape.
Read the full blog and join the conversation!
https://t.co/No6sYXj5cl
#fintech #finance #futureofwork #customercentricity #innovation #disruption #cybersecurity #data #banking #technology #payments #wealthmanagement #investing #payments #banking #crypto #blockchain #technology #innovation #2024trends
My new blog post on global financial services provides a clear framework to understand the industry with 6 key segments: Retail Banking, Capital Markets, Payments, Wealth & Asset Management, Investment Management, and FinTech.
Interested in navigating global financial services, a dynamic & complex industry with confidence?
Read the full blog here:
https://t.co/6mYW6dU3PV
#finance #fintech #financialservices #wealthmanagement #investing #payments #banking #crypto #blockchain #technology #innovation #2024trends
Warren Buffett turns 93 today!
To celebrate, I'm sharing the greatest lecture he ever gave together with his 94 (!) best investment quotes.
1. Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.
2. Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
3. Do not take yearly results too seriously. Instead, focus on four or five-year averages.
4. All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
5. American business - and consequently a basket of stocks - is virtually certain to be worth far more in the years ahead.
6. An investor should act as though he had a lifetime decision card with just twenty punches on it.
7. And so the important thing we do with managers, generally, is to find the .400 hitters and then not tell them how to swing.
8. The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
9. Bitcoin has no unique value at all.
10. Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market.
11. The years ahead will occasionally deliver major market declines - even panics - that will affect virtually all stocks. No one can tell you when these traumas will occur.
12. I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
13. Buy companies with strong histories of profitability and with a dominant business franchise.
14. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.
15. I believe in giving my kids enough so they can do anything, but not so much that they can do nothing.
16. The world went mad. What we learn from history is that people don’t learn from history.
17. The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
18. Among the various propositions offered to you, if you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years - you'll do better than 90% of people who start investing at the same time.
19. Because if you're wrong and rates go to 2 percent, which I don't think they will, you pay it off. It's a one-way renegotiation. It is an incredibly attractive instrument for the homeowner and you've got a one-way bet.
20. Cash is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent.
21. Don't get caught up with what other people are doing. Being a contrarian isn't the key but being a crowd follower isn't either. You need to detach yourself emotionally.
22. For 240 years it's been a terrible mistake to bet against America, and now is no time to start.
23. I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
24. I have no views as to where it (gold) will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola will be making money, and I think Wells Fargo will be making a lot of money, and there will be a lot -- and it's a lot -- it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
25. I just sit in my office and read all day.
26. I won't say if my candidate doesn't win, and probably half the time they haven't, I'm going to take my ball and go home
27. If returns are going to be 7 or 8 percent and you're paying 1 percent for fees, that makes an enormous difference in how much money you're going to have in retirement.
28. We want products where people feel like kissing you instead of slapping you.
29. If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.
30. The most important investment you can make is one in yourself.
31. If you buy things you do not need, soon you will have to sell things you need.
32. If you don't feel comfortable making a rough estimate of the asset's future earnings, just forget it and move on.
33. If you like spending six to eight hours per week working on investments, do it. If you don't, then dollar-cost average into index funds.
34. If you're in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.
35. If you're smart, you're going to make a lot of money without borrowing.
36. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
37. In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions
38. In the business world, the rearview mirror is always clearer than the windshield.
39. Investors should remember that excitement and expenses are their enemies.
40. It is a terrible mistake for investors with long-term horizons to measure their investment 'risk' by their portfolio's ratio of bonds to stocks.
41. It is not necessary to do extraordinary things to get extraordinary results.
42. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
43. The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time. But good businesses are going to become worth more over time.
44. It's been an ideal period for investors: A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance.
45. It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
46. It's better to have a partial interest in the Hope diamond than to own all of a rhinestone.
47. It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
48. Just pick a broad index like the S&P 500. Don't put your money in all at once; do it over a period of time.
49. Keep things simple and don't swing for the fences. When promised quick profits, respond with a quick "no”.
50. Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.
51. Many management teams are just deciding they're gonna buy X billions over X months. That's no way to buy things. You buy when selling for less than they are worth. ... It's not a complicated equation to figure out whether it is beneficial or not to repurchase shares.
52. The difference between successful people and really successful people is that really successful people say no to almost everything.
53. Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
54. Never invest in a business you cannot understand.
55. Your premium brand had better be delivering something special, or it’s not going to get the business.
56. One can best prepare themselves for the economic future by investing in your own education. If you study hard and learn at a young age, you will be in the best circumstances to secure your future.
57. The most important thing to do if you find yourself in a hole is to stop digging.
58. One thing that could help would be to write down the reason you are buying a stock before your purchase. Write down "I am buying Microsoft at $300 billion because..." Force yourself to write this down. It clarifies your mind and discipline.
59. Only when the tide goes out do you discover who's been swimming naked.
60. Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
61. Price is what you pay. Value is what you get.
62. Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.
63. Risk comes from not knowing what you're doing.
64. If a business does well, the stock eventually follows.
65. Since I know of no way to reliably predict market movements, I recommend that you purchase Berkshire shares only if you expect to hold them for at least five years. Those who seek short-term profits should look elsewhere.
66. Someone's sitting in the shade today because someone planted a tree a long time ago
67. The best thing that happens to us is when a great company gets into temporary trouble... We want to buy them when they're on the operating table.
68. Speculation is most dangerous when it looks easiest.
69. Stay away from it. It's a mirage, basically...The idea that it has some huge intrinsic value is a joke in my view.
70. The best chance to deploy capital is when things are going down.
71. The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch.
72. There is nothing wrong with a 'know nothing' investor who realizes it. The problem is when you are a 'know nothing' investor but you think you know something.
73. This does not bother Charlie and me. Indeed, we enjoy such price declines if we have funds available to increase our positions.
74. Too-big-to-fail is not a fallback position at Berkshire. Instead, we will always arrange our affairs so that any requirements for cash we may conceivably have will be dwarfed by our own liquidity.
75. There are all kinds of businesses that Charlie and I don’t understand, but that doesn’t cause us to stay up at night. It just means we go on to the next one, and that’s what the individual investor should do.
76. You can’t buy what is popular and do well.
77. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
78. We will reject interesting opportunities rather than over-leverage our balance sheet.
79. We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
80. What is smart at one price is stupid at another.
81. What we learn from history is that people don't learn from history.
82. When stock can be bought below a business's value it is probably the best use of cash.
83. When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.
84. When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
85. When you have able managers of high character running businesses about which they are passionate, you can have a dozen or more reporting to you and still have time for an afternoon nap. Conversely, if you have even one person reporting to you who is deceitful, inept or uninterested, you will find yourself with more than you can handle.
86. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
87. Widespread fear is your friend as an investor because it serves up bargain purchases.
88. You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
89. You can't borrow money at 18 or 20 percent and come out ahead.
90. You can't produce a baby in one month by getting nine women pregnant.
91. The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
92. You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ. You only have to be able to evaluate companies within your circle of competence.
93. The size of your circle of competence is not very important; knowing its boundaries, however, is vital.
This story is fascinating...
During World War II, military analysts were trying to figure out how to better armor their planes.
They noticed many returning aircraft had bullet holes in the wings, tail, and fuselage.
The immediate assumption was to reinforce these areas.
Sounds logical, right?
But a U.S.-based statistician named Abraham Wald made an observation:
These were the planes that survived.
The planes that didn't return might have been hit in other vital areas, like the engine.
By focusing only on the survivors, they were missing crucial information.
Wald's insight was to reinforce the areas where there were NO bullet holes on the returning planes. Why? He realized the planes hit in those parts did not return.
Business Takeaways: 💡
1. Don't just focus on successes.
It's tempting to only look at people on magazine covers for guidance (survivorship bias). But often, failed ventures provide valuable lessons too.
Understanding what didn't work can be as crucial as knowing what did.
2. Question assumptions.
The most "obvious" solution isn't always the right one.
Always be ready to think critically, dig deeper, and approach problems from different angles.
Ask, "What if the opposite were true?"
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Thanks for reading! Follow me @SystemSunday for more content like this.
Today we bury our Son, for the past week we have all be grieving in private but today you can join us, the kitchen will be shut, we will all be at the funeral together. Glory to the Heroes, may they never be forgotten.
Mykola Sharavar: Today, Lviv will say goodbye to a volunteer, scout, historian, and pastry chef who died defending Ukraine from Russian invaders.
Mykola Sharavara ("Vegan") (28.05.1987-02.08.2023) Born in the village of Lapayivka, Lviv region.
He studied at the former Zymnovodivka secondary school. He also graduated from a music school with a degree in bandura. In 2000, he joined Plast and was a member of the Vovkulaky group of the 1st King Danylo Kuren in Lviv.
He received a degree in pastry at the Lviv Professional College of Hotel, Tourism and Restaurant Services. Later he graduated from the Faculty of History at the Ivan Franko National University of Lviv.
During the last period, he worked in the restaurant industry, in particular at Sushiya, Celentano and Fugazzeta.
He devoted his free time to reading literature and was particularly interested in economic history. He was a skilled chess player, loved football and traveling by bicycle. But Mykola Sharavara's greatest passion was hiking in the mountains with his family.
When the full-scale invasion began, he volunteered for the war. At first, he defended the country as part of the 10th Separate Rifle Battalion, and later - in the ranks of the 116th Separate Mechanized Brigade of the 10th Army Corps of the Armed Forces of Ukraine.
Mykola Sharavara is survived by his daughter, wife, parents and two sisters.
#Lviv #Львів