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The Peter Principle by Laurence J.Peter
The Peter Principle by Laurence J.Peter
The Peter Principle by Laurence J.Peter
In a hierarchy, every employee tends to rise to his own level of incompetence. This dangerously simple maxim of organisational dysfunction, first spelt out more than thirty-three years ago, has wormed its way into everyday managerial vocabulary. The Peter Principle is rife wherever hierarchies exist – multinational companies, local government, the Civil Service, hospital management, the groves of academe and public transport. There is no escape: promotion, like the paths of glory, leads but to the grave of over-promotion. ‘The Peter Principle’ is required reading for all those now setting their feet on the first rung of the promotional ladder, their starry-eyed gaze fixed on the heights above them. Do they realy want to scale a peak from which their fate can only be a dismal shunting into oblivion? But all is not lost. Those who shrink from the horror of the Final Placement may seek salvation in a deviously cunning strategy. It will demand diligence and a talent for dissembling, but it may just avert the unwanted, ultimate promotion.
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
Salepage : The Peter Principle by Laurence J.Peter
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