Competitive Thoughts

That’s the new catch-phrase. It embodies the concept that everyone, everywhere, will compete for everything. It’s what comes after globalization, and it’s a hypercompetitive free-for-all, where companies from around the globe vie with one another for talent, capital, customers, workers, and everything else..

But if customers, capital, and capabilities really are free to seek their own good in a world of vanishing boundaries, where are the new limits? And who wins and who loses?

Unquestionably, consumers win. More and better stuff at cheaper prices improves everyone’s buying power. It’s also easier to get increasingly specialized items. But companies that can’t or won’t adapt will get left in the dust.

The new rules? It may seem like this is a Hobbesian war of all against all, but in reality, it will be an increasingly interconnected world where saving a butterfly may prevent a major catastrophe somewhere else. Character will count more than ever.


Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T20:08:51+00:00 July 14th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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