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Could a Four-Year-Old Do What Carl Icahn Does?

Harvard Business Review

He is no Jim Simons , using his mathematical genius to outsmart the market in (to an outsider) incomprehensible ways. In 2010 it was $900 million — seventh place. r>g: Economist Thomas Piketty’s formula for spiraling wealth inequality, in which the rate of return on capital is higher than economic growth, has its critics.

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Requiring Companies to Disclose Climate Risks Helps Everyone

Harvard Business Review

Nobel laureate Herbert Simon’s model of bounded rationality in decision making explains how this could work. In Simon’s model, decision makers face costs when taking an action, and this makes them stick to “business as usual.”