Picture this: You are a Filipino student in an international MBA class. Every one of your 54 classmates is from a different country. Your professor gave the class an assignment. You have to research on how well your country can create and maintain the competitiveness of businesses. He wanted you to know more about your country’s economic performance, government laws and practices, business policies and procedures, and infrastructure. After all the research papers were turned in, your professor ranked the 55 countries. He posted the rankings on the wall for everyone to see. Your American classmate came first with…
“I can’t speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can’t do it constantly, unless you’re willing to put the resources in.” — American economist Merton Miller, (May 15, 1923 – June 3, 2000), shared the Nobel Prize for his contributions to financial economics.
A young businessman had just started his own firm. He rented…
“Blessed is the man who fears the LORD, who finds great delight in his commands.” — Psalm 112: 1