Make Russia great again!
The markets believe that Trump is much better for Russia than for America
2017-01-14
Another teachable moment
One of the key principles for CEOs of operating companies is that you don't get involved in battles with the press because it drains your time, which is best spent on making your company run better, especially, during startup phases of the business. You either ignore it or let your PR company handle the problem. Therefore, if one is spending a lot of time in PR battles, he or she is not a CEO.
A teachable moment: Principal - Agent problem
Trump said: "If you get along and if Russia is really helping us, why would anybody have sanctions if somebody’s doing some really great things?"
The president is an agent of the american people in charge of, among other things, enforcing american laws. If the agent thinks that hacking a political opponent "is really helping us" and decides not to enforce sanctions, we have a classic Principal – Agent problem because the agent acts in his own interests, instead of the interest of the people (including those who didn't vote for him).
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Quote of the Day: Cicero, the Caesarian speech on Behalf of Marcellus
And although I trust that the suspicion is an ungrounded one, still I will not speak so as to make light of it. For caution for you is caution for ourselves. So that, if we must err on one side or the other, I would rather appear too fearful, than not sufficiently prudent.
--- Cicero. Marcellus, 21.
http://www.perseus.tufts.edu/hopper/text?doc=Perseus%3Atext%3A1999.02.0020%3Atext%3DMarc.%3Asection%3D21
[M. Tullius Cicero. The Orations of Marcus Tullius Cicero, literally translated by C. D. Yonge, B. A. London. George Bell & Sons, York Street, Covent Garden. 1891.]
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