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Some Thoughts on Investing from My Recent Interview

Curious Cat

We didn’t take the opportunity to address the financial system risks created by the actions of “Too Big to Fail” banks. And it seems to me we have left the central banks in a very vulnerable position. That was a very good policy decision by the government.

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Should Companies Retain "Strategic" Cash?

Harvard Business Review

The arguments in favor of strategic cash are compelling—especially when economic conditions, market regulations, technology innovations, and tax policies are highly fluid and uncertain—but CFOs also should take steps to allay investor concerns. How Should You Approach Strategic Cash?

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The Case for Stock Buybacks

Harvard Business Review

Repurchases are much more flexible than dividends, the alternative way in which companies return cash to their investors, which attract less ire. Consumers with credit cards, and companies with revolving credit lines, value the option to pay back their debt at any time.

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Two Forces Moving Business Closer to Climate Action

Harvard Business Review

In July, General Mills — nobody’s idea of a radical company — expanded the pro-climate lobbying group BICEP beyond the usual suspects (Nike, Starbucks, Ben & Jerry’s) to add a distinctly mainstream voice to the call for policies like a price on carbon. Kellogg’s officially joined the group yesterday as well.

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The Fortune 500 Can’t Go Along with a Rollback on Climate Policy

Harvard Business Review

The second is to continue demonstrating that the case for reducing energy use is often very strong – that the rates of return for building green buildings, retrofitting buildings, and recommissioning HVAC systems is often in the double digits. And perhaps it will even help the incoming president to change his mind.

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Requiring Companies to Disclose Climate Risks Helps Everyone

Harvard Business Review

Policy makers have recognized as much, and in recent years the U.S. The Bank of England’s Mark Carney has also been stressing the importance of addressing these issues. A recent NBER working paper documents that from 1985 to 2014 this trading strategy would have yielded a large annualized average rate of return of 9.2%.

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3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business Review

At Frontier Strategy Group, we observed that in 2017, executives and boards paid the most attention to risks that dominated global headlines: Brexit, the Trump administration’s trade policy, cybersecurity, and, more recently, North Korea. When it comes to Brazil, the economy is picking up.