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What’s Driving Superstar Companies, Industries, and Cities

Harvard Business Review

They come from all regions and sectors and include global banks and manufacturing companies, long-standing Western consumer brands, and fast-growing U.S. Acquisitions, bold investment in intangible assets, and attracting talent can ultimately make the difference. and Chinese tech firms.

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Profit Is Less About Good Management than You Think

Harvard Business Review

.” Value investors like Graham and Buffett believe that the sources of sustainable returns on capital are not a company’s human assets but their so-called “economic moats,” structural, durable competitive advantages around revenues or costs.

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Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business Review

Collectively, the world’s investment giants hold in excess of $70 trillion in assets, which represents the bulk of investable capital globally. Large investors rely on an assortment of intermediaries to help them with their investment activities, including asset managers, such as hedge funds, investment banks, and consultants.

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The Case for Stock Buybacks

Harvard Business Review

They particularly overpay when the interest rate – the rate of return required by the bank – is high, just as firms particularly repurchase when the stock price is low and thus the rate of return required by shareholders is high. Fewer companies would go public, instead financing themselves by taking on more debt.

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A Novel Idea for Putting Sidelined Cash to Work

Harvard Business Review

Second, for small and rapid-growth technology companies, the problem is compounded by the fact that, while rich in intangible assets, they typically lack the kind of collateral (equipment, inventory, real estate, etc.) banks require to secure commercial loans.

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Research: The Digitization of Banks Disproportionately Hurts Women Entrepreneurs

Harvard Business Review

As banks rush to digitize their operations , many have found that closing their local branches can help maintain a high return on an otherwise pricy transformation. European banks, for example, closed over 9,000 branches in 2016, which represents a 4.6% In the United States, the total number of bank branches has dropped by 8.2%