The Leyendecker View Blog


  • » 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 »

  • » TLV Economy: May 5, 2017

    • May
    • 05
    • 2017

    TLV Economy: May 5, 2017

    A smooth sea never made a skilled mariner.”
    English proverb

    EMPLOYMENT
     
    Department of Labor Unemployment Insurance Weekly Claims
    Weekly unemployment insurance claims rising off February low
    (April 27, 2017) In the week ending April 22, the advance figure for seasonally adjusted initial claims was 257,000, an increase of 14,000 from the previous week. The 4-week moving average was 242,250. Claims have risen since February 2017 when they hit, 223,000, the lowest level for initial claims since March 31, 1973.
     
    Conference Board Help Wanted Online Index
    Online job ads declined 26,100 in April
    (May 3, 2017) Online advertised vacancies decreased to 4,613,600 in April. Supply/Demand rate stands at 1.55 unemployed for each advertised vacancy, with a total of 2.6 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 7.2 million in March.
      Read More »

  • » TLV Careers: April 27, 2017

    • April
    • 27
    • 2017

    TLV Careers: April 27, 2017

    "The intuitive mind is a sacred gift and the rational mind is a faithful servant.
    We have created a society that honors the servant and has forgotten the gift."
    - Albert Einstein
     
    NEWS YOU CAN USE
     
    Lead Better
     
    ​Intuition is the highest form of intelligence
    Intuition can keep you from poor leadership decisions or safeguard you from groupthink. Intelligent intuition might not be what you think it is. Read on to learn how to practice perhaps the highest form of intelligence.  Read More »

  • » TLV Industry: April 17, 2017

    • April
    • 17
    • 2017

    TLV Industry: April 17, 2017

    Forecasts create the mirage that the future is knowable.”
    – Peter Bernstein

    NEWS FROM OUR WORLD

    BANKING


    Shadow banking: The big winner from the financial crisis
    Regulation is driving capital source innovation. – Stanford Business
     
    Citigroup’s decade of agony almost over
    It’s taken a while for Citi to rebound from the 08/09 global financial crisis. What’s next? – The Economist
      Read More »

  • » TLV Deep Dive: Losing and Finding a Sense of Wonder

    • March
    • 31
    • 2017

    TLV Deep Dive: Losing and Finding a Sense of Wonder

    Wonder is the beginning of wisdom.”
    - Socrates
     
    It has sure been an interesting few months after a quite an election year. The news—fake, real, biased, slanted or otherwise (who knows anymore)—is coming at us like bullets from a machine gun. It’s overwhelming. It’s exhausting. It’s confusing.
     
    And it’s taking its toll. Of a survey of 500 American adults employed full-time, a third reported that they have been less productive since the election, thanks to the distraction of political news. Twenty-one percent said they read more than 20 political posts per day, which amounts to two hours of lost productivity. Nearly 75 percent said they had discussed politics with coworkers, and half said they have witnessed a political conversation at work turn into an all out argument. Read More »

  • » TLV Industry: March 19, 2017

    • March
    • 19
    • 2017

    TLV Industry: March 19, 2017

    Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”
    – Abraham Lincoln

    NEWS FROM OUR WORLD

    BANKING


    5 fintech companies to watch in 2017
    Want to pay your car insurance based upon the number of miles you drive?
     
    JPMorgan doesn’t need lawyers
    Bloomberg tells us that JPMorgan software now does in seconds what it once took lawyers 360,000 hours to do.
      Read More »

  • » TLV Careers: March 10, 2017

    • March
    • 10
    • 2017

    TLV Careers: March 10, 2017

    There are no problems we cannot solve together,
    and very few that we can solve by ourselves.”
    – Lyndon B. Johnson

    LESSONS FROM THE SEARCH TRENCHES

    There's a place for everyone and everyone has his or her place, but not every place is for everybody.
     
    Many years of working in the search trade has taught us this golden rule. It seems pretty simple. Each of us has core competencies. Each of us has our own personal value proposition. The attributes we bring to the market stretch back further than our last job, all of our jobs, and even our education. They begin with where and how we grew up, the period of time that created the foundation of our basic personality and value system.
     
    Companies have a similar story. Each has its own core competencies. Each has its own value proposition. And each has its own unique history. The combination of these produces a company's basic personality and value system.
      Read More »

  • » TLV Economy: March 3, 2017

    • March
    • 03
    • 2017

    TLV Economy: March 3, 2017

    “Forecasts usually tell us more of the forecaster than of the future.”
    - Warren Buffett

    ECONOMIC DASHBOARD

    A log of the most recent releases of data impacting our world

    EMPLOYMENT

    Department of Labor Unemployment Weekly Claims
    Hitting a 44 year low
    (March 2, 2017) In the week ending on February 25, 2017, the advance figure for seasonally adjusted initial claims was 223,000, a decrease of 19,000 from the previous week’s revised total. This is the lowest level for initial claims since March 31, 1973.

    Bureau of Labor Statistics on Employment
    Because February is a short month, the BLS will be releasing new employment data on March 10. We’ll catch back up with this data in April. Read More »

  • » TLV Careers: February 24, 2017

    • February
    • 24
    • 2017

    TLV Careers: February 24, 2017

    It is amazing what you can accomplish if you do not care who gets the credit.”
    – Harry Truman

    LESSONS FROM THE SEARCH TRENCHES
     
    Nothing is too easy. If it were, we would find out sooner or later that it wasn’t.
     
    Virtually all worthwhile accomplishment comes from worthwhile effort. Accomplishment without much effort generally comes from being lucky, being at the right place at the right time. And if we can have good luck, then there are reasonable odds we can have bad luck, too.
     
    It’s best to not take accomplishment or challenge too seriously. One foot in front of the other is the most productive path. And when success smiles on you, remember to thank those in close proximity that surely had a hand in it. Read More »

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