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Ratings Agencies Are the Darnedest Things

Harvard Business Review

In olden times, the bond raters at S&P and Moody's were financial advice providers, sort of like Morningstar is today. Having high ratings from S&P, Moody's, and Fisk thus means a bigger market and lower prices for your debt. The United States and Moody's Bond Rating Service." But what job is that, exactly?

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Women, Finance the World You Want

Harvard Business Review

When she's not at work managing a portfolio that consistently outperforms relevant benchmarks, you can find her at home buying and bearing bonds. But the fact is that in the Wild West of investing, an Annie Oakley is rare — the realm of investing is still very much a dude ranch. Some of the dreams I finance are close to home.

Finance 11
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When Research Should Come with a Warning Label

Harvard Business Review

His answer is that in a news market overflowing with facts, facts by themselves go unsold; they require a story—and that story, he says mischievously, needs some kind of bias on the part of the author, “a pair of lenses that slide over reality and aim to bring it more clearly into focus.” Where should all this go in our minds?”.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. I tried to get Greenspan to talk me for my November HBR article on economics and finance since the crisis , but he said he’d promised his publisher to keep mum until the book was out, which was too late for my purposes.