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Qantas Explosion– from the Cockpit

This is an absolutely brilliant interview that is full of insights for the market. The interviewee is one of the pilots aboard the Qantas Airbus A380 last month that had an extremely serious uncontained engine explosion shortly after take-off.

In the interview they cover – inter alia – such things as

– The importance of checklists
– Dealing with contradicting signals
– Over-riding systematic considerations in favour of discretionary controls
– Keeping your head during a major catastrophe which constantly shifts its dynamics and has a lot of what we might call negative gamma…rapidly developing, interacting, non-linear issues that can rapidly move beyond your ability to keep up with them
– The importance of training and professionalism
– The importance of excess redundancy and robustness
– The importance of improvisation – and the ability to keep a clear enough head in a panic to ensure your creativity can be brought to bear on the problem.
– Power of teamwork.

Best part are the pictures of the cockpit showing the checklists and procedures they are working through.

As it turns out, this incident was very much more serious than the media ever picked up on. What an amazing story. I’m sure all will benefit greatly from reading this. For myself, I will be referring to this interview many times. A banquet for a lifetime.

Hope it benefits you all as much as it did me. Also hoping Mr. Tucker weighs in with some insights!

The Goldman Sachs Careers Page

 gs-carrers
 

Look, I help my readers out. Here’s the Goldman Sachs “Careers” part of their website.

Be sure to tell them that you read this blog religiously — and you’ll be so in.

One more thing, here are the Do’s and Don’ts for your Goldman internship:

No matter where your summer experience takes you, you can benefit from these useful tips and hints. They may seem simple, but your colleagues will notice if you aren’t acting on them.The Do’s
* Be eager for a challenge
* Be yourself
* Be open-minded
* Be on time
* Know the dress code
* Observe and ask thoughtful questions
* Treat everyone you meet with respect and professionalism
* Understand that everyone makes mistakes
* Carry a notebook with you at all times
* Pay attention to the details
* Be proactive
* Show energy and interest
* Set goals for yourself
The Don’ts

* Let a bad day get you down
* Take on more than you can handle
* Pretend to know something you don’t
* Have nothing to do
* Ask everyone the same questions
* Take yourself too seriously
* Talk negatively about co-workers
* Focus all of your attention on senior management
* Bring your personal life into the office
* Surf the web all day (BWAHAHAHAHA – Eddy)
* Spend working hours on social networking sites or texting friends

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