- Yingkou’s real estate bubble: will take six to seven years to unload all supply of properties; severe market risk; because of housing restrictions, developers move from top-tier cities;
- China Southern’s A380 headache: main battlefield is long-distance international routes; headquarters Guangzhou can’t make much use of this advantage;
- Jeff Bezos, a hedge fund veteran, skeptical of Wall St: putting investment ahead of profitability; emphasis on EPS diverts resources away;
- very few companies want to come into Amazon’s core businesses and try to compete with them at 1% or 2% margins.
- trained its shareholders to believe that everything will work out in the end.
- companies required to calculate PV of pension liabilities using discount rates — based on corporate bond yields — rates fall liabilities rise;
- Ford’s pension plans had strong real-world returns, but had to lower its discount rates to 3.84% from 4.6%, creating bigger liabilities — increase of non-cash expense;