Friday, December 26, 2008

Virtue Of Patience and Timing

1 year ago RBS paid $100bn for ABN Amro.

For this amount it could now buy: Citibank $22.5bn
  • Morgan Stanley $10.5bn
  • Goldman Sachs $21bn
  • Merrill Lynch $12.3bn
  • Deutsche Bank $13bn
  • Barclays $12.7bn

...and still have $8bn change, which you would be able to pick up GM, Ford, Chrysler and the Honda F1 Team.

Honda withdrew from F1 Racing Team
Takeo Fukui, the president of Honda Motors Company Tokyo had made a statement that they would withdraw from the F1 races in December 2008. This is an action in responding to the down turn global economy situation.

Honda entered the NSX in Japan GT race just 7 years after its birth in 1990, in 1998 Honda clinched its first victory in Japan GT races.

NSX is a embodiment of Honda’s DNA since hit humble beginnings on 1985. Initially intended as a midrange, mid-engine car that provided superior performance. The creation posed one of the top biggest challenges to Honda’s engineers.

A new Vehicle that is able to balance human feeling and superior vehicle performance at high level yet required equally superior driving skills.

I had a chance to own a NSX in 1996. That was a super car in town, tough the clutch was a bit tough from cities… but is road feeling and corners turning was superb!


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