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What If Google Had a Hedge Fund?

Harvard Business Review

Acutely aware of the competitive edges timely data offers sophisticated investors, the company's ever-entrepreneurial cofounder once proposed that Google launch a hedge fund. The world's biggest and fastest search engine can't help but generate terabytes and petabytes of actionable investment intelligence.

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Why an Activist Hedge Fund Cares Whether Apple’s Devices Are Bad for Kids

Harvard Business Review

On January 6, 2017, JANA Partners , a New York–based activist hedge fund, and the California State Teachers’ Retirement System (CalSTRS) sent a letter to Apple’s board of directors that may change the future of activist investing. Tim Ellis/Getty Images. ” Thus, the issue isn’t one of time frames per se.

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GM’s Stock Buyback Is Bad for America and the Company

Harvard Business Review

” But the only real wins are a victory for the hedge funds, and a Pyrrhic victory for GM in that it managed to keep Wilson off its board and reduced the size of the buyback from the $8 billion the investors had been demanding. During the bailout, financial firms, including hedge funds, were nowhere to be found. Instead, U.S.

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Why Business Leaders Need to Read More Science Fiction

Harvard Business Review

Infomocracy , by governance researcher Malka Older, explores how software could change our public institutions through the social and technical engineering of elections. Assumptions toppled Kodak despite the fact that its engineers built the first digital camera in 1975. Assumptions are a luxury true leaders can’t afford.

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Let Data Ask Questions, Not Just Answer Them

Harvard Business Review

Instead of recommendation engines that suggest what book to read or TV series to watch, AH engines will propose new titles and concepts for media consumption. Automating hypotheses that will excite marketers and financiers as well as engineers and designers will be as much a computational art as a software science.

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The Key to Adaptable Companies Is Relentlessly Developing People

Harvard Business Review

In the course of research for their recent book , Harvard scholars Robert Kegan and Lisa Lahey (and three other researchers including myself) studied three highly successful companies – Bridgewater (hedge funds), Decurion (movie theaters, real estate, and senior living), and Next Jump (e-commerce).

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Designing the Machines That Will Design Strategy

Harvard Business Review

LTCM’s model continued to predict that it was properly hedged against a potential Russian default; the insight that it actually needed — that it was under-hedged and exposed to liquidity risk — could only have come from outside of the model. Nevertheless, overreliance on models was its downfall.