MAHESH SALADI’s Post

Incentive = Outcome   “Show me the incentive and I'll show you the outcome” is a quote attributed to Charlie Munger, Warren Buffet’s right-hand man. Which is why most law firms, and most lawyers, are like taxis. If you ask them to take you to the Waterloo station, that’s what they’ll do, and it will cost you whatever it says on the meter. Wouldn’t it be better if they asked you why you wanted to go to Waterloo – what are you hoping to achieve by going there? And then, if they did, they might end up saying (or you might end up saying to yourself) “why don’t you go by bus or tube: it’s cheaper and you’ll get there just as fast”. #lawyers #fees #incentive #hourlybilling

Just a nice midweek rant... Interesting... How many people in power make huge ambitious plans and then things get pushed back... delayed... or scrapped altogether. Following on from the pandemic which has affected the two main industries I have worked in, Transport being one and on that category just suggesting HS2 before I get into the real point of this post... these industries have been affected more than many where people are fighting to turn their businesses around and this is only going to impact them further. Many car manufacturers have completely scrapped from their range iconic and bestselling models and invested multiple million pounds in following the governments ambitious plans, This will have no doubt made a huge dent in their profits but with projections of the regulation changes they would have been hoping for a large upward trajectory in sales as we get closer to 2030. In the last 2 years there have been announcements of the scrapping of the Golf, Fiesta and Focus, 3 of the UK's most popular cars and one (Golf) that has been a familiar sight on our roads celebrating its 50th anniversary next year... It has ran numerous famous ad campaigns over the years and I know amongst many others it is a model I will be sad to see the back of... So all of the car manufacturers that have shifted their focus on creating new technology and following the endless new plans from our government, will they be compensated for the time and energy invested? Doubtful? In my eyes it is great to be ambitious, have insight and plan for the future, but if you make these plans/announcements at least see them through. #midweekrant https://lnkd.in/e4nY-VAh

Finances are the number one reason why people hesitate to change professions, careers, or jobs 💼 In this video, we reveal Warren Buffet's secret to breaking free from the rat race, along with insights from other experts in investments, personal finance, and business, who paved their way to financial freedom. Watch the full episode here [Available in Spanish]: https://lnkd.in/emdbR5nJ #financialfreedom #investingwisdom #careerchange

https://lnkd.in/ezV5XhN2 Great example to nearly all today's governments running deficits and old tech monoculture (recycling the old stuff over and over). Modern technologies and government shrinking to below 50% of overall tax collection can fix the economy.

And it begins. The disinformation. The character assassination of an individual who, whilst not perfect, would best serve our 99.99% of interests, but not those of the insidious oligarchy, the 0.001%. The Conservatives chose to become hard right and downright crazy, embracing fantasy and plugging into prejudices for cheap power. They cannot call up any claim of performance in government. We can point out the wreckage and destruction as we become a vassal state. The reckoning arrives. The demise of Port Talbot is not due to Net Zero. It's due to Brexit. Starmer, digging into his background, is genuine; his motivations for office stand up to scrutiny. He does not seem ideological. He seems pragmatic. And boy is he smart, strategic, holding back barrister style. I am permanently an ex-Tory. Many of them should be stripped of assets and thrown into prison for what they have done to our country, our reputation, people and businesses. They just serve themselves. Starmer will be a refreshing change and represents the younger, enlightened, educated digital generations. He knows he will be held to account.

Another failing attempt financially by this administration to deliver on its "Green Initiative Narrative." History shows that whatever this man has gotten behind over his 50+ yrs in politics, tends to be a failure more than a success. It may be time to hold some of the "leaders" of these large corporations financially accountable for taking "billions" of taxpayer money to appease politicians, who support consumer products when those corporation's own strategic marketing shows won't be competitively priced without ongoing major gov't subsidies. Open - free markets will always be tied to consumer demand/wants/needs and financial status as long as the U.S. can keep the gov't consumer markets overreach in check. It may be time for this Congress to make this right financially, by defunding as much of the Green agenda as possible and let the markets drive winners & losers. This would deliver approx. $1 trillion+ annual spending reduction and truly aid in the area of much needed Federal deficit spending cuts!

Great example of Behavioral Economics in Public Policy. A recent study found that around 10% of drivers use a third of all gas in America. The study authors suggest that electric vehicle manufacturers and the government align their efforts around building suitable cars and infrastructure for these super drivers. Doing so could maximize the green impact of all investments. #behavioraleconomics #publicpolicy #climate https://lnkd.in/g9NiPKCi

Awesome client feature in Forbes! David Jacobs of American University - Kogod School of Business sat down with Ed Garsten to share his insights on the tentative agreement reached between the UAW and GM. Take a quick read below! Belfort Group

One month shy of his 100th birthday, the great investor and co-Oracle of Omaha, Charlie Munger had passed away. His investing wisdom is legendary and by chance Stripe Press published his almanac of investment wisdom just recently. Spend each day trying to be a little wiser than you were when you woke up,” Charlie Munger advises in Poor Charlie’s Almanack. Originally published in 2005, this compilation of 11 talks by the legendary Berkshire Hathaway vice-chairman has become a touchstone for a generation of investors and entrepreneurs. Delivered with Munger’s characteristic rhetorical flair, Poor Charlie’s Almanack draws on his encyclopedic knowledge of business, finance, history, philosophy, physics, and ethics to introduce the latticework of mental models that underpin his rational and rigorous approach to life, learning, and decision-making. It is an essential volume for any reader seeking to go to bed a little wiser than when they woke up. This abridged edition features a new foreword by Stripe cofounder and president John Collison.

This is a good summary of the concern about political lies and the role in civil society to stop it from being seen as acceptable. The first example it points to shows how the car industry, as represented by the Federal Chamber of Automotive Industries is willing to feed into these worst instincts of our politics - and the resolve of media and the public to call them out. This is a dangerous situation for car companies, many of whom are reasonable - even conscientious businesses - being represented incompetently by the FCAI. But brands can’t wash their hands and claim to be neutral when the lobby they fund spreads lies to politicians and the media. The public is smarter than that and expects better from you. I know there is a live conversation across the industry about the future of that organisation. It’s an important conversation to act on given the real damage being done to brands and businesses across Australia. https://lnkd.in/gRN7Dz-y