Remove Fashion Remove Finance Remove Hedge Remove Marketing
article thumbnail

Could a Four-Year-Old Do What Carl Icahn Does?

Harvard Business Review

He is no Jim Simons , using his mathematical genius to outsmart the market in (to an outsider) incomprehensible ways. stock markets over Icahn’s career, it’s a simple factual assertion — the total return on the S&P 500 has substantially outstripped economic growth. But applied to U.S. Why’s that?

Hedge 8
article thumbnail

Robo-Advisers Are Coming to Consulting and Corporate Strategy

Harvard Business Review

Robo-advisors, which were introduced in 2008 , are steadily eating up market share from their human counterparts much the way that Amazon and Netflix have taken share from Walmart and Regal Cinemas. Companies in every industry can benefit from making more data and algorithm-based decisions in areas of internal operations and finance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Economics Ready for a New Model?

Harvard Business Review

In the sense that financial markets and the economy in general are far more fragile than most mainstream economists contemplated before 2008, there was a bit of unlearning done in the 1990s and early 2000s. The 1987 stock market crash was a scare. None of them brought economic devastation in the U.S. I know I believed it.

article thumbnail

Designing the Machines That Will Design Strategy

Harvard Business Review

LTCM was founded, in 1994, by some of the best minds in finance theory, including two Nobel Prize winners. Within this machine, people and technology must each play their particular roles in an integrated fashion. Nevertheless, overreliance on models was its downfall.

article thumbnail

Why Those Guys Won the Economics Nobels

Harvard Business Review

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. When the Riksbank Prizes in Economic Sciences (a.k.a. It goes back to the 1970s.

CAPM 8