TAKEOFFCHECKLIST Smoothlyincreasethrustto40%N1letspoolup TakeoffThrustFULLorTO/GA BrakesRELEASE V1=165KIAS(decision) Vr=175KIAS(rotate) Pitch10deg.

noseup V2=185KIAS(safetyspeed)

TAKEOFFCHECKLISTcontd AtPositiveClimbRateTouchBrakes LandingGearRETRACT At200KIASRETRACTflapsto1deg. At220KIASRETRACTflapsup

LANDINGCHECKLIST LandingGearCHECKDOWN AutopilotOFF LandingSpeed160KIAS AfterTouchdown:ApplyReverseThrust 60KIAS:CancelReverseThrust SpoilersVERIFYEXTENDED BrakesASREQUIRED Autobrake OFF

TheICULineInsertionChecklist
1. 2. 3. 4. 5. Washhandswithsoap. Cleanpatientsskinwithchlorohexide antiseptic. Putsteriledrapesoverentirepatient. Wearasterilemask,hat,gownandgloves. Putsteriledressingovercathetersiteafterlineisin.

Looking back, it appears to us that the crisis at Tyco was not caused by fraudulent accounting or even by the malfeasance of the CEO, but by plain, old-fashioned leverage. The company's reliance on short-term funding made it vulnerable to changes in perception despite the reasonable strength of its underlying businesses. We were mistaken in not recognizing this vulnerability sooner. - Davis Funds, 2002 Annual Shareholder Letter From both these mistakes [AIG, Merrill Lynch], we learned an important lesson about the dangers of even high-quality firms relying on short-term debt markets for financing. As Warren Buffett has rightly said, it is dangerous to count on the kindness of strangers in order to meet tomorrows obligations. - Davis Funds, 2009 Shareholder Letters and Interviews "Neither a short-term borrower nor a long-term lender be. - Warren E. Buffett restating Polonius slightly in his 1979 Letter to Shareholders of Berkshire Hathaway.

Leverage Management/Ownership Moat Valuation Personal Biases/Misc.

JoemakesExceldanceBenevento jbenevento@mba2011.hbs.edu