Soon after arriving in Nigeria in 1961, I got into a conversation about how to do business in Africa with the director of John Holt Trading Company, a British-owned firm that had been around since the 1800s. When I asked how he priced his imported cars, building materials, and consumer goods, he said it was not his intention to produce a profit but rather to generate high turnover. Having spent two years at Harvard Business School reading balance sheets and income statements, I had no idea why anyone would run a business with disdain for the bottom line….
The greatest threat from the U.S. perspective is direct military conflict between Turkish and American forces...Erdogan seems determined to force the Americans to fulfill past promises that YPG forces would return east of the Euphrates. The challenge for the US is whether that promise can be kept while also maintaining order on the ground.