How Toyota drove off the Toyota Way

“All Toyota vehicles bear my name. When cars are damaged, it is as though I am as well. I love cars, and I take the utmost pleasure in offering vehicles that our customers love,” Akio Toyoda, the Japanese auto giant’s president said in an emotional address to his employees. “Yet it is clear to me that in recent years we didn't listen as carefully as we should—or respond as quickly as we must—to our customers' concerns.”

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Counter-arguments to investing in emerging markets

Fortunately the world is full of brave pundits prepared to put money on the line by telling us that emerging markets are a one way bet. Just as we’d be foolish not to have a small percentage of our investments in such markets, we’d be equally so to be betting the farm on them. These are the counterarguments: do with them what you will.

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Warren Buffett's partner, Charlie Munger says US is coming to ruin

Even a country as cautious, sound, and generous as Basicland could come to ruin if it failed to address the dangers that can be caused by the ordinary accidents of life. Basicland is now under new management, using a new governmental system. It also has a new nickname: Sorrowland.

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