To Grow Faster Temper Your Optimism with First-Hand Information
A year later Molex had experienced only a single quarter of modestly lower earnings since the currency volatility started. Revenues and market share climbed every quarter, and financial ratios actually improved.
Other companies in the industry had severely reduced profits that continued for a much longer time. Asked to explain the company's success compared to its competitors, Molex's CEO replied that he now understood why some airlines based in countries with new economic woes had shown greatly increased earnings during this time period: because so many companies had had to buy so many airline tickets to solve their newly-created problems.
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