Financial History

Before I came here I thought Marketing is just producing some Promotion things and that's it... now after my Studies of Marketing, I really like the topic because there is so much content in it like setting the strategy, analyze the market and all this interesting things around ...

...and now I have the same with Finance :) ... I thought it's about boring calculations and this stuff, but it's much more and that makes it really interesting ... unfortunately I can't do all courses with classes here because of time and money, but maybe after finishing the MBA and back at work I might do some additional courses to learn more and maybe get later an MSc to my MBA ... :-)


Yesterday was one of this interesting courses, they had tow days of Financial History and they were discussing stuff like the actual crisis in the financial markets and things like financial behaviour, which sounds really interesting. It starts with people who buy shares at the stock market. Almost everybody who buys shares ignores bad news about this company and prefer to look for good news :) ... but that's just on a small scale... now think about the same situation for a project in a company. If the project is successful nobody will care. But if the project is not that good usually the funder of the project will look for the good news but ignore the bad ones just like the share holder is doing for his share decision. And like in the share market if a share goes down, many people avoid to realize their losses and just hold on bad shares and watch how they are going down... same with the projects ... to get rid of big bad projects in a company you usually have to change the CEO to have arguments for the shareholders why you do it. If the old CEO would stop the project it might weaken his position in such a way that he is no longer in a strong position to lead the company... unfortunately I haven't been at this course because I just got this part in discussing with one of the guys sitting there... have to ask them later how this story ends and what you can do to avoid personal bias in project decisions to stop projects at the right time...