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The Hidden Costs of Initial Coin Offerings

Harvard Business Review

More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture. In fact, ICOs have upended the conventional pattern of staged experimentation and fundraising.

Cost 8
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Will Greece Survive the Crisis?

Harvard Business Review

The new government has met with the cautious approval of the EU, the IMF, the markets and the international press. Going forward, I hope that the current experiment in consensus building among the two major parties will succeed and will serve as a prototype for coalition governments in Greece in the future.

Crisis 14
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Guidance is Good, Overpriced Shares a Disaster

Harvard Business Review

Baruch Lev teaches accounting and finance at NYU's Stern School of Business. And I couldn't resist following up with an email Q&A: Justin Fox: A lot of smart people have been saying for a while now that public-company executives should put less time and effort into dealing with Wall Street. Your book argues that they're wrong.

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How Blockchain Is Changing Finance

Harvard Business Review

Second, because it’s centralized, which makes it resistant to change and vulnerable to systems failures and attacks. After all, how do you cut cost from a business or market whose structure has fundamentally changed? The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance.