Friday, 28 August 2015

Why you should always fix causes, not symptoms

The Greek stock market fell badly again a few weeks ago. It had only recently reopened after a five-week suspension intended to stop huge writeoffs for Greek companies. But the shutdown didn't work. The market lost nearly 15 per cent ($10bn) of its value.

The problem is that a shutdown to prevent losses is treating the symptom, not the cause. Greek companies, especially Greek banks, are bound to be worth less with the Greek economy tanking. If the Greek government really want to save their companies, they need to be bolder.

Our consultant, Artur Oganov, commented, 'They need to get foreign investment. And that's a hard sell for Greece because of systemic problems with their economy. It's interesting that some people have said that a Greece outside of the Eurozone is actually a better-looking investment. I tend to agree. If they leave, they can devalue the currency, and the companies can recover. There's the chance to make a lot of money if people are willing to take the risk of buying now.

'I think you should take the lesson here of trying to fix causes instead of symptoms - that doesn't work in the long run. Always investigate problems in your business processes as deeply as you can and work out what to do there. And always get an expert's help. Protobase Labs are here if you need us!'

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