Today is the first of 3 days of the above course held in Cyberjaya Lodge Resort and Spa. This is one of the most advanced short term course something similar to EMBA offered by Harvard, for instance. Actually the speaker, Professor Didier Cossin was a PhD graduate from Harvard. I am glad that I have a chance to learn from the book best in Malaysia.
First day mostly discussed on crisis happened in one of the major investment bank in the world and how it happened. Normally, we always think that international bank should have better risk management control plus higher level of corporate governance. However, now only we realise they are huge in revenue and global present as their are taking more risk overtime. High risk high return may be the model they employed as their salary are very much dependent of the actual profits made.
As the rewards tight closely to the person, dealers are always try to deliver results by assuming more risk. If their view is right, they may earn much higher all in salary than normal staff by assuming more risk in overseas setup.
Well, many of the participants are company CEO, GM, CFO etc. It is fun to learn how sharp they are but some also fall trap into the general shortcoming as a overconfident person. It was confirmed with two times of confident test. However, very high level of confidence is some of the common strength exhibited by successful CEO. I think somehow high level of confidence will not only make one become a possible CEO but also can help to achieve many other challenges in life.
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