The Leyendecker View Blog


  • » TLV Careers: Efficiency or Effectiveness?

    • September
    • 29
    • 2017

    TLV Careers: September 29, 2017

    Confidence is contagious. So is lack of confidence.”
    - Vince Lombardi

    NEWS YOU CAN USE
     
    Learn Better

    Efficiency vs. effectiveness
    Have technologies made us more efficient or like hamsters on a wheel, desperately trying to stay on top of our many lines of digital communications? Perhaps what we should be asking ourselves is not how do we become more efficient, but how do we become more effective.
     
    Scrap everything you know about creating strong passwords—and do this instead
    Never mind, says the man who declared in 2003 that strong passwords are a combination of letters, symbols, and numbers, changed every 90 days. The now 72 year old admitted he was rushed to devise the rules with little supporting empirical research. He had only one research paper from the 1980s to rely on. Oops. Now there is loads of empirical research, and it says—just go for long, easy-to-remember phrases. And change it only if there’s been a sign of breach.

      Read More »

  • » TLV Industry: Headlines From Corporate & Investment Finance

    • September
    • 19
    • 2017

    TLV Industry: September 19, 2017

    Success and failure—we think of them as opposites, but they're really not.
    They're companions—the hero and the sidekick
    .”
    - Laurence Shames

    BANKING

    The new dynamics of financial globalization
    Is a more stable form of financial globalization emerging?
     
    Retail banks’ foreign ventures rarely pay off
    As we may expect, locals prefer banking with locals.

      Read More »

  • » TLV Economy: Summer Doldrums?

    • September
    • 06
    • 2017

    TLV Economy: September 6, 2017 | Summer Doldrums?

    “In three words, I can sum up everything I’ve learned about life: it goes on.”
    - Robert Frost

    LEYENDECKER ECONOMIC VIEW

    “The truth is what you want to believe.” That’s what we wrote about the economy in March. Donald Trump had recently started his term as president. Many in the private sector had great optimism that a Washington outsider would shift economic policy to inspire greater economic, job and wage growth. 
     
    We’re now seven months into a Trump presidency, and it appears very little has changed. Although last quarter GDP growth has been revised up to 3%, several economic indicators suggest we still have a struggling economy. We’re back to employment growth falling short of expectations. The BLS’ reported 156K job gains for August is masked by a decrease in the average workweek from 34.5 to 34.4 hours. If you calculated the job loses from the average workweek loss, we mathematically lost a total of 200K jobs in August. Less work…fewer jobs. 
      Read More »

  • » TLV Careers: Make 'Em Laugh

    • August
    • 25
    • 2017

    TLV Careers: August 25, 2017

    "If your actions inspire others to dream more, learn more, do more
    and become more, you are a leader.”
    - John Quincy Adams

    NEWS YOU CAN USE
     
    Lead Better

    Humor is serious business
    Humor is powerful currency. Laughter releases oxytocin, which, in terms of work, strengthens bonds, increases employee retention rate, and makes teams more resilient. You need more comedy in your company! Read on for how to bring more legal oxytocin into your culture, from you or the funny people on your team.
     
    Act like the leader you want to be
    Having “executive presence” is not something you’re born with or have—it’s something you do. A Stanford GSB professor explains 10 behavioral habits in two categories of leadership—authoritative and approachable—and how to adopt them to attain that elusive executive presence. Read More »

  • » TLV Industry: August 18, 2017

    • August
    • 18
    • 2017

    TLV Industry: August 18, 2017

    Life is 10% what happens to me and 90% of how I react to it.”
    - Charles Swindoll

    BANKING

    Are BDCs ready to be tamed?
    Alternative debt providers may soon see growing competition from institutional investors.
     
    U.S. Bank CEOs are paid three times their global competitors
    Last year, US CEOs earned 3.26 times as much as their global peers, but below the peak of 6.8 times their peers in 2004.
      Read More »

  • » TLV Economy: August 5, 2017

    • August
    • 05
    • 2017

    TLV Economy: August 5, 2017

    May your choices reflect your hopes, not your fears.”
    - Nelson Mandela

    LEYENDECKER ECONOMIC VIEW
     
    The roaring sentiment increase after Trump’s election is subsiding somewhat while America’s organic economy continues to muddle its way forward. Car sales are weak, but housing sales are picking up. Construction activity is steady. Wages are trying to rise while consumption still seems dependent on growing consumer debt. Job growth continues at a worthwhile pace.
     
    The stock market rise has made the bulls happy while the bears seem ever more bearish. For the bears, stocks were too high before Trump was elected. Now they are even higher. And real estate in all the coastal geographies is benefiting from foreign capital that still seems to view the U.S. as the world’s safest harbor and quite possibly its most dynamic and sustainable economy.

      Read More »

  • » TLV Careers: July 19, 2017

    • July
    • 19
    • 2017

    TLV Careers: July 19, 2017

    The happiness of your life depends on the quality of your thoughts.”
    - Marcus Aurelius

    NEWS YOU CAN USE
     
    Lead Better

    The science of pep talks
    For as valuable as pep talks can be, there is very little training in how to give one that motivates employees and drives results. It turns out, there is science to the art of the pep talk. Follow the link for the three elements a pep talk needs to impact the bottom line.
     
    11 Modern leadership lesson’s from history’s masters
    Today’s leaders speak about the leaders of yesterday who’ve influenced their leadership philosophy. Inspiration from Martin Luther King, Jr., Buddha and Marcus Aurelius follow. Read More »

  • » TLV Deep Dive: Outsmarting Our Smartphones

    • July
    • 14
    • 2017

    TLV Deep Dive: Outsmarting Our Smartphones

    "Life is what happens when your cell phone is charging."
    - Unknown

    Smartphones: The Cigarettes of the 21st Century
     
    In the 1990s, a U.S. study, and later one in the U.K., found that cigarette companies were “engineering” cigarettes to be more addictive, a claim the tobacco industry vehemently denied. The U.K. findings listed the following additives and effects:
     
    - “Additives are used to make cigarettes that provide high levels of 'free' nicotine, which increases the addictive kick of the product
    - Additives are used to enhance the taste of tobacco smoke
    - Sweeteners and chocolate are used to make cigarettes more palatable to children
    - Eugenol and menthol are added to numb the throat to mask the aggravating effects of tobacco smoke
    - Additives such as cocoa are used to dilate the airways allowing the smoke an easier and deeper passage into the lungs
    - Additives are used to mask the smell and visibility of smoke that is not breathed in by the smoker”

    As recently as the mid 1990s, tobacco industry executives were trying to convince us—and a Congressional panel—that cigarettes are not addictive. A Congressional hearing had been called in response to then new research linking nicotine to addiction and cigarettes to several diseases, prompting a rising tide of anti-smoking sentiment. 

      Read More »

  • » TLV: This Year's Best Graduation Speeches

    • June
    • 23
    • 2017

    TLV: This Year's Best Graduation Speeches
    June 23, 2017


    "If you can win the trust and affection of your soldiers,
    they will win all the battles for you."
    - Secretary of Defense General James Mattis, on ledearthip to West Point graduates

    James Mattis at West Point
    As far as commencement speeches go, few are more humbling than those delivered to West Point graduates. Most of us graduated into relatively sheltered circumstances in a dangerous world. These young adults willingly graduate into that dangerous world so that we may remain relatively sheltered.
     
    Secretary of Defense General James Mattis—who personifies humble confidence—speaks of what leadership must look like in the military, but we can all benefit from his wisdom. “If your troops make mistakes,” Mattis says to these soldiers, “look in the mirror and figure out how to coach them better.”

    Defense Chief Mattis Gives West Point Commencement Address - Full Speech
    Read More »

  • » TLV Industry: June 16, 2017

    • June
    • 16
    • 2017

    TLV Industry: June 16, 2017

    The smarter you get, the less you speak.”
    Arab proverb

    BANKING
     
    Goldman automates the IPO process 
    Eliminating thousands of hours of work increases productivity. —Bloomberg Technology
     
    America’s community banks hope for lighter regulation —The Economist
    Lots of challenges for community banks these days, in addition to regulation.
      Read More »

  • » TLV Economy: June 2, 2017

    • June
    • 02
    • 2017

    TLV Economy: June 2, 2017

    The price of anything is the amount of life you exchange for it.”
    - Henry David Thoreau

    LEYENDECKER ECONOMIC VIEW

    After Trump’s election, a few well respected CEOs and investors suggested the country’s animal spirits could be ignited. This was reflected in euphoric post election economic sentiment surveys. Since Trump has taken office, sentiment has declined slightly, but still remains strong.
     
    Optimistic that Trump the Washington outsider and Trump the businessman would stimulate the economy through improved economic and tax policy fueled rising sentiment. But so far, the Trump administration has been stuck in the swamp, unable to move forward with neither health care nor tax policy improvements.
      Read More »

  • » TLV Careers: May 26, 2017

    • May
    • 26
    • 2017

    TLV Careers: May 26, 2017

    Don’t count the days, make the days count.”
    -Muhammad Ali

    NEWS YOU CAN USE
     
    Lead Better
     
    McKinsey: What makes a CEO exceptional?
    McKinsey analyzed the top 5% performing CEOs from 600 S&P 500 companies. Clear patterns of decisions and strategic moves made early in their tenures emerged.
     
    HBR: How to get on the shortlist for the C-Suite
    Considerations today for those who strive to land the corner office tomorrow.

      Read More »

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