Obama Administration – lacking business experience?
Source: http://www.investmentpostcards.com/2009/11/26/obama-administration-%e2%80%93-lacking-business-experience/Posted on Thursday, November 26th, 2009 | In Investing Lessons, Market Commentary
The post below is a guest contribution by friend Paul Kedrosky, writer of the Infectious Greed blog.
“Does the Obama Administration have less business experience? According to some semi-whimsical (I think) research in a new JP Morgan report that would seem to be the case. The author looked at private sector experience of 432 Cabinet secretaries whose activities touch most on the private sector across all presidential administrations since 1900. Here is the result.
“There are obviously many, many issues here, not least of which is that the author isn’t entirely clear on what the y-axis percentage means, how different kinds of experience are weighted, etc. Nevertheless, it’s still thought-provoking.”
Source: Paul Kedrosky, Infectious Greed, November 24, 2009.
 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
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