Business Today International Conference
"Charting the Course: Navigating the 21st Century Economy"
November 18-20 2012
Grand Hyatt Hotel in New York City




Open Notes:

Dr. Steven Bloom: Senior VP of NASDAQ
Mega Trends
1. A Sluggish US economic recovery. GDP growth at 4% is ideal but it’s currently 2%. Unemployment is too high, but inflation is under control at 2 percent though health care and food are high.
2. US has $16 trillion in debt, the highest in relation to GDP since WW2 in 1945. It took 20 years to return to a normal rate. (The fiscal cliff is coming up with solutions so we don’t have to simultaneously raise taxes and reduce expenditures)
3. Anemic outlook by consumers, leaders and investors.
4. Growing U.S income equality and poverty (1/6 of Americans are considered impoverished)
5. Globalization of world economics
6. Euro zone in crisis (Weak countries are PIGS, Portugal Italy Greece Spain) Germany may be softening.
7. Middle East oil and other economic shock (oil is king in powering economies) The big question is ”Is there an alternative to middle eastern oil?”
8. Rise of China (low labor cost: rural, back office of the world), not just for unskilled labor. However, China may be experiencing its own real estate bubble.
9. Rise of emerging markets generally BRICS (for you South Africans)
10. Power of business innovation and entrepreneurship

Back: Rohan Manchanda, Marcello Schermer, Aazar Ali, Dianna Yau, Kyle Brandon
Front: Daniel Israel, Yohan Atlan, me, and Hannah Kate

Ms. Barbara Byrne: Barclay’s Capital Vice Chairman
Life Lessons
1. Get to know the client, provide quality service, and think what they need.
2. No is just another answer to yes.
3. Be unbelievably optimistic.
4. You cannot celebrate other people's failures
5. You should build for the future
6. Be kind to everyone
7. Set goals, mistakes happen
8. Stakeholders: community to be involved. Citizenship is core to who we are.
9. The investment banking business continues to evolve: Increased regulation is fine as long as the rules are clear "Work and Passion"
10. What makes is stand out is having an opinion and taking a stand. You can be quiet... But say something. When you take a stand, you think about issues.
11. When you are working on something but time flies, that's your passion. You are in the zone. You are energized.

Mr. Michael Novogratz: President of Fortress Investment Group

Mr. Michael Novogratz: President of Fortress Investment Group
Life Comments
1. Spend 5 or 10 percent of your day trying to make the world better, to solve complex, difficult problems.
2. Who talks to their parents daily? If so, cut your parents off... You are supposed to figure out who you are and who you are supposed to be. Give yourself some space
3. Statistically, people will live to 80s or 90s. Chill out. The single best thing to do for oneself is to take a year off between college and work to see the world. 50 percent of growth is overseas. Grow empathy, opportunity. Business opportunity, cultural opportunity. Get off the fast track and travel.
4. Don't chase the new great idea. Stumble around things and figure what you love.
5. Steal mentors, you are not going to do it alone. If you don't ask, they can't say no. Be confident enough and sneak up to them. People love to talk about themselves. Learn and your success will be built on the shoulders of others.
6. Have fun. What makes you feel that joy? If you don't like your job, quit. Having fun and finding joy is your life’s mission.
7. Invest in all sides of yourself. How do we educate and nourish the soul? Find some time to meditate, pray or some sort of spirituality. Read biographies of people.
8. Health: Be wary of your diet and exercise. Educate oneself on exercise.




End Notes.