This post encountered a finance manager of car manufacturing near our area. He had a background in mechanical engineering. But I would say he was a finance genius. We were discussing a deal how he could maximize his cash flow for a 9 number sales tax that he was paying through the bank we were managing (as agent bank for tax collection)
It does not mean that if you graduated with an x major, you will forever be doomed to be in that x discipline. What we learn in college is how to learn and think not to be a specialist. You could be an expert elsewhere if you desire to learn.
He prided himself for his department having more income than manufacturing - through his adroit investment strategies especially at money market.
He said that to insulate the local car company from shocks of currency fluctuation. This is what he did:
1, He borrowed from head office in Yen. He had it deposited in foreign currency account
2. He borrowed against the FCD, back to back in Pesos.
3. Thus when the loan matured, he had to pay in pesos much easier to manage during fluctuation.
Brilliant eh.
