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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business

The debate about superstar firms and superstar effects has been intensifying, partly in response to the rapid growth of global US tech companies. We define superstar to mean a firm, sector, or city that has a substantially greater share of income than peers and is pulling away from those peers over time. We analyzed nearly 6,000 of the world’s largest public and private firms with annual revenues above $1 billion. counties, which account for 90% of GDP in that sector.

GDP 44

Why Those Guys Won the Economics Nobels

Harvard Business Review

The Swedes had given the award to one guy, Eugene Fama , who is best known for originating something called the efficient market hypothesis, another guy, Robert Shiller , who once called the efficient market hypothesis “one of the most remarkable errors in the history of economic thought,” and a third guy, Lars Peter Hansen , whose work is so dense that even academic economists couldn’t satisfactorily explain it or its connection to Fama and Shiller. That’s kind of a deep insight.

CAPM 12