Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From HSBC's hunt for a new boss to JPMorgan playing savior, here are four charts that tell you what you need to know in business today. 

Stick to It
GMO's dodge of a bursting tech bubble drives home that while investment discipline can be extremely painful, it tends to pay off in the long run.
Sources: Morningstar, Bloomberg
Electrified Suppliers
Auto suppliers are doing better than automakers with the rise of hybrid vehicles. But it's only a a matter of time before they become obsolete.
Source: Bloomberg
Down To Earth
JPMorgan did Vantiv a big favor by deciding not to bid on Worldpay and averting a potentially expensive bid batttle.
Source: Bloomberg
Intraday times are displayed in ET.
Still the World's Local Bank
Ex-AIG head Peter Hancock may look like a great fit at first glance, but it's important to remember that the vast majority of HSBC's revenue is retail related.
Source: Bloomberg Intelligence

And don't miss Shelly Banjo on the understated brilliance of Renault's Brillance deal: "Renault is one of the few foreign carmakers with only one Chinese joint venture, limiting its business in the world's largest car market. And that partnership is with Dongfeng Motor Group Co., which already has five other foreign tie-ups, the most of any Chinese carmaker. So it's not like Renault shoots up to number one on the speed dial when it needs something."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

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Max Nisen in New York at

To contact the editor responsible for this story:
Mark Gongloff at