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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. They too are paid by issuers, but it doesn't appear to be as close, conflicted, or lucrative a relationship as that between, say, the structured-finance raters and the big investment banks.

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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.

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When Research Should Come with a Warning Label

Harvard Business Review

If the past few years have taught us anything, it is that academic publishing is what the Internet was once called — the Wild West. Where should all this go in our minds?”. But what about peer review? Two-thirds of men, and almost 60 percent of women reported consuming less food than was physiologically plausible.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

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. It was the form in which the asset was financed. One is finance and the other is non-finance.