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This Means War

“As evidenced by this investigation, the threats we face have never been more pervasive or more potentially damaging to our national security. And no country poses a broader, more severe, and long-term threat to our nation’s economy and cyber infrastructure than China.

China’s goal, simply put, is to replace the U.S. as the world’s leading superpower—and they’re breaking the law to get there. They’re using an expanding set of non-traditional and illegal methods. And Chinese state-sponsored actors are the most active perpetrators of economic espionage against us.

In short, they seek to strengthen themselves and weaken the United States. And while we welcome fair competition, we cannot and will not tolerate illegal hacking, stealing, and cheating.

This is conduct that hurts American businesses, American jobs, and American consumers. The Chinese government’s not pulling any punches. They want what we have so they can get the upper hand on us. And they’re highly strategic in their approach—they’re playing the long game.”

FBI Director’s Christopher Wray’s Remarks

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Radha Kishan Damani: The Best Time to Invest

From Ramesh Damani’s interview in the Book ‘Master Class with Super Investors’

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Asset Allocation of Yale Endowment

Find the asset allocation of the $29.4 Billion Yale Endowment Fund quite remarkable.

 

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Honda CEO says like it is

Amusing statement by Minoru Kato, President, Honda Motorcycle & Scooter India

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Jeff Bezos on Company Longevity

Amazon is not too big to fail. In fact, I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.

The key to prolonging that demise is for the company to obsess over customers and to avoid looking inward, worrying about itself.

When looking to the types of companies that have made it the longest, they tend to sell a particular type of alcohol.

Most of the companies that are multi-hundred year old companies are breweries.It’s very interesting — I’m not sure what that says about society.

said Jeff Bezos