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Why New Leaders Should Be Wary of Quick Wins

Harvard Business Review

That’s because when a new leader takes hold, changes aren’t just about efficiency or revenue; they are also about people’s feelings of vulnerability and uncertainty about what the changes will mean for them. But rushing toward early wins, even in areas that seem uncontroversial, can be unexpectedly hazardous.

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The Business Lessons of the Belmont Stakes

Harvard Business Review

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. For a market to be efficient, where price is an unbiased estimate of value, investors must be cognitively diverse. He's like an overpriced stock. This leads to the second lesson.

Beyer 15
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article thumbnail

The Business Lessons of the Belmont Stakes

Harvard Business Review

Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. For a market to be efficient, where price is an unbiased estimate of value, investors must be cognitively diverse. He's like an overpriced stock. This leads to the second lesson.

Beyer 10
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Why Those Guys Won the Economics Nobels

Harvard Business Review

Fama said that if you want to say something more about how efficient markets are, how good a job they do of pricing assets, you need some theory of what asset prices should be. And in those early tests, it seemed like market prices mostly obeyed both CAPM and the efficient market hypothesis. As did other people.

CAPM 8