Lessons from Depression and stock market crashes and what we can learn from them

Nation building via learning and being the best in business

Its not a good idea to experience in our lifetime the crashes that happened in 1929 or repeat of 2008.   Some say we are all ready experiencing this, if you buy your own food or go to the market for your necessities.  

There are several things you can do to offset the effects of "depression or crashes"

    1.  Have more sidehustles

    2.  More frugality

    3.  Strengthen your connection for those who have food or who are stable

    4.  Go to the province

But for those who are financially adept, a crash or depression is an event that recalibrates the economy that is overheated, overvalued, or gone crazy.   The price has settled to its real level and now if you are ready you go bargain hunting and grow big with your purchases.   This is what the moguls are doing now as Warren Buffett.  He is sitting on a cash hoard to buy on fire sales stocks that will crash.   

Is this opportunistic buying or vulture investing.  ?  Living of carcasses of  people who have lost it?

Excellent management by the pilot of an aircraft to ensure comfort and safety of passenger

Looking forward to the future of business

This post loves to read stories about aviation and air tragedies - air crash investigation.   Most of the tragedies would have been avoided if the pilot practiced good communications with the first officer, ATC, observed company and good flying practices, followed the ATC, had good situational awareness:  fuel, condition of flaps, landing gear, of propellers pitch.

In one story, the plane crashed, a propeller driven airplane because the pilot mistakenly pulled the feather lever, when it was about to land, and had no power upon landing and crashed.  

One crashed because the captain disobeyed  the order for it to reduce altitude by observing the holding pattern.  Instead he disregarded the holding and went straight and was thus landing too steep an angle and too steep.   The pilot and the first officer were not communicating (which was the norm - always verifying)  The pilot had this habit of disregarding procedure and should not have been allowed to fly.  Thus insubordination is a dismissible offense

Be aware of supervisors and staff who do not observe procedures, and/or who fail to communicate