Sunday, July 30, 2006
The business magazine unintended doom prediction
It is quite amazing how when a major business magazine features a topic or person on its front cover, soon after, there is a sudden crash. So when the three major magazines talk about the never-ending bull market, the stock market crashes. When Carly Fiorina, to pick just one person, is featured on many magazine covers, it presages problems in her tenure at H-P. Beware of magazine features! They not only are often out of date, but they do also encourage envy and create enemies and rivals where there may have been none. Equally, by the time a business magazine writes about economic disaster, or boom, the tide has usually turned. Yet, the magazines keep on doing so, while the readers not only lap it up, but pass it on and quote the stories in making decisions.