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How to Know If a Spin-Off Will Succeed

Harvard Business Review

For example, a divested business may inherit assets and capabilities that have been starved of investment by its former parent. The outsiders provide new blood in support functions such as finance, legal, or administration. The second category is legacy factors from whose impact the business can only escape slowly.

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Instinct Can Beat Analytical Thinking

Harvard Business Review

Researchers have confronted us in recent years with example after example of how we humans get things wrong when it comes to making decisions. At times this belief has led the managing director of the Max Planck Institute for Human Development in Berlin into pretty fierce debates with his intellectual opponents.

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Why Those Guys Won the Economics Nobels

Harvard Business Review

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. It feels like it’s got a little bit of Kahneman and Tversky in it.

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