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Should Donald Trump Have Heeded Mike Tyson’s Advice On Strategy?
Yes or no?
There’s this phenomenal book by an African-American professor — Steven A. Rogers — called Entrepreneurial finance.
In the section on strategy, the author went down memory lane, with the golden age of boxing providing material for case study.
Michael Spinks, ahead of his fight against his undefeated opponent talked about what he would do to win and when this was put to Mike Tyson, who by now had the WBA, WBC and IBF belts, responded by saying that everyone has a plan until they get punched in the mouth.
And those extraordinary words have stood the test of time.
Even those with the most rudimentary grasp of economics can see that Donald Trump’s tariffs on Chinese goods are having a negative effect on the global economy.
And when the remit of the argument is extended to the asset management class —hedge funds and private equity — do you start to have an idea of how desperate things are getting for the oligarchy in America.
Ray Dalio of Bridgewater Associates, decided to break cover and announce to investors in a newsletter that they are facing a once-in-a-generation geopolitical paradigm shifting macroeconomic changes which will all but destroy their earnings.