Remove Bond Remove Cost of Capital Remove Hedge Remove Innovation
article thumbnail

Why Those Guys Won the Economics Nobels

Harvard Business Review

[A mini-glossary: beta is the amount that an individual stock fluctuates relative to the overall stock market, and the equity premium is the difference in expected return between stocks and a “riskless” asset such as Treasury bonds.]. Instead what he says is let’s have financial innovation that is actually helpful.

CAPM 8
article thumbnail

How Blockchain Is Changing Finance

Harvard Business Review

But the solution to this innovation logjam has emerged: blockchain. The New York–based venture capital firm Union Square Ventures (USV) broadened its investment strategy so that it could buy ICOs directly. If the world of venture capital can change radically in one year, what else can we transform? Distributed Database.