Harvard Business Review

JULY 5, 2018

The GE conglomerate combined a wide range of industrial businesses under one roof. Unlike a pure holding company or a modern hedge fund, the GE model intended to create value by actively sharing capabilities among its disparate businesses, which, with one important exception, were all rooted in manufacturing.

Welch 8

Welch Software Industry Hedge 8

Harvard Business Review

SEPTEMBER 7, 2016

So when people believe that they have a strong understanding of a subject — say, finance — they tend to overclaim more, asserting that they know concepts that researchers present to them, even when the concepts are made up. I recently encountered an illustrative case of overclaiming that could translate easily across industries.

Hedge 8

Hedge Real Estate Marketing Advertising 8

Harvard Business Review

JANUARY 26, 2012

Graham argued that the proliferation of money combined with the decreasing costs to start a business were making the VC job more difficult, prophesying significant changes for the industry. The industry was born in its current form, however, when the first venture capital firms were founded in the middle of the twentieth century.

Disruptive Innovation 14

Disruptive Innovation Hedge Venture Capitalist Venture Funding 14

Harvard Business Review

OCTOBER 11, 2017

The job market does not account for all social value. On the other hand, some sectors involve “zero sum” endeavors, in which profits come at the expense of other market participants. Examples include excessive litigation or financial traders trying to beat the market. Some spillovers are quite large.

Policies 8

Policies Career Hedge Human Capital 8

Harvard Business Review

JANUARY 12, 2018

.” Startups such as Wealthfront, Personal Capital, and Betterment launched robo-advisors as industry disruptors, and incumbents, such as Schwab’s (Intelligent Advisor), Vanguard (Personal Advisor Services), Morgan Stanley and BlackRock have joined the fray with their own hybrid machine/advisor solutions. will grow to U.S. $5

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

AUGUST 28, 2014

The peer-to-peer lending industry has attracted significant venture capital, led by the nearly $400 million that Lending Club has raised. And, as The Wall Street Journal reports, the Lending Club IPO will likely be followed by public offerings by similar lenders, some even more focused on the small business credit market.

IPO 8

IPO Due Diligence Credit Scoring Banking 8

Harvard Business Review

OCTOBER 14, 2013

I think he got the Nobel nod (instead of somebody like Andy Lo , or Mordechai Kurz , or Roman Frydman ) because he was (1) very early to the game, (2) a macroeconomist (the Nobel people generally seem more comfortable with macro than with finance), and (3) most suited to being shoehorned into a narrative of steady scientific progress.

CAPM 8

CAPM Finance Price Uncertainty 8

Harvard Business Review

OCTOBER 18, 2016

Top management compensation packages guarantee a high level of pay, but are often only weakly linked to the performance of the firm relative to its industry competitors. Except that the performance that they’re rewarding is industry performance, not company performance. market capitalization ) and 500 additional public companies.

CEO 8

CEO Asset Management Cooper Incentives 8

Harvard Business Review

JULY 26, 2013

Five years after a financial crisis that, as best anybody can tell, had almost nothing to do with insider trading by hedge funds, the two biggest post-crisis criminal crackdowns on the financial sector in the U.S. insider trading by hedge funds. Manne in his 1966 book, Insider Trading and the Stock Market. have centered on.

Hedge 8

Hedge Handbook Crisis Price 8

Harvard Business Review

JULY 22, 2013

Or is the problem simply that speculators have taken over the market for a crucial commodity? Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks. Ethics Finance Global business' Lucia Juvenal and Ivan Petrella of the St.

Cost 8

Cost Fraser Hedge Price 8

Harvard Business Review

APRIL 26, 2017

The marketing, underwriting, and servicing of SME loans have largely taken a backseat. New digital entrants have spotted the market opportunity created by these dynamics, and the result is an explosion in online lending to SMEs from fintech startups. Other sectors of retail lending have not fared much better.

Banking 10

Banking Stage-Gate Credit Scoring Competitive Advantage 10

Harvard Business Review

JULY 12, 2016

Ask someone to name the demands that activist hedge funds make of companies and they’ll likely list corporate governance issues like board changes and executive compensation, or perhaps some form of restructuring. In contrast, fair marketing and advertising of products are very important for companies in these sectors.

Proposal 8

Proposal Short-term Advertising Hedge 8

Harvard Business Review

DECEMBER 17, 2013

While noting that this doesn’t seem to be the case with respect to the public — both the computer and internet industries poll favorably — she documents at length the rise of “tech hate” among journalists and other commentators, including HBR contributor Umair Haque: “Tech is something like the new Wall St.

Venture Funding 8

Venture Funding Entrepreneur CRM Hedge 8

Harvard Business Review

NOVEMBER 9, 2012

When last year's massive earthquake hit Japan, the effect on electronics production was severe, and it also resulted in extended business disruptions for many in the automotive industry. When Thai flooding created significant shortages in the hard disc drive market, manufacturers lost millions of dollars.

Supply Chain 8

Supply Chain Chief Procurement Officer Risk Management Management 8

Harvard Business Review

FEBRUARY 5, 2014

Investors who have significant money tied up in the fossil fuel industry — every pension and market fund, essentially — are facing a massive risk. Bloomberg New Energy Finance has estimated that between now and 2030, around 70% of the power generation the world will add will be renewables. They’d better.

NGO 8

NGO Energy Morale Price 8

Harvard Business Review

APRIL 3, 2014

There’s a wonderful scene (one of many) in Michael Lewis’s new book, Flash Boys: A Wall Street Revolt , in which John Schwall, then the head of product management at RBC Capital Markets in New York, decides one day in 2011 to figure out how stock trading had evolved into a high-speed, unfair race he thought it had become.

Long-term 8

Long-term Open-book Marketing Hedge 8

Harvard Business Review

AUGUST 15, 2011

vision of financial world order; as Time magazine reported, he was "bursting with hubris over its booming equity markets and its just-announced 5.6% Mahathir stood his ground, not just at Davos but in the financial markets, by refusing the IMF's aid, reducing Malaysia's interest rates, and restricting currency trading.

Banking 11

Banking ROE Proposal Self-aware 11

Harvard Business Review

MARCH 24, 2011

What makes the matter fascinating to industry watchers, approximately their equivalent of the Charlie Sheen supernova, is that Gupta served three terms as managing director of McKinsey & Co., Competitors whispered that Gupta was committing the most un-McKinsey-like of sins: cutting price to get into new markets. from 1994 to 2003.

McKinsey 14

McKinsey Consultative Waterman Intellectual Capital 14

Harvard Business Review

JANUARY 30, 2013

That opportunistic approach to financial markets has defined Amazon since it went public in 1997. 2, behind the late Steve Jobs, with an industry-adjusted shareholder return of 12,266% during his tenure. billion bond issue just before the debt-market meltdown of autumn 2008. In Morten T. How has Bezos done this?

Training 9

Training Bond Christensen Long-term 9

Harvard Business Review

SEPTEMBER 16, 2014

Or you could participate in projects financed in part by conventional investors and in part by non-profits. Well, maybe not quite as a cause : Drexler, the organization’s head of investors industries, takes pains to note that “we’re not trying to be the industry association for impact investors.”

Insurance 8

Insurance Bond Hedge Bottom-up 8

Harvard Business Review

JUNE 3, 2011

There's a beguiling little moment in the financial-crisis documentary Inside Job where hedge fund billionaire George Soros describes the principles of oil tanker design. Financial markets are like that, Soros goes on. If a tanker consisted of one big tank of oil, the sloshing liquid would soon capsize the vessel, Soros explains.

Banking 14

Banking Crisis Letter Hedge 14

Harvard Business Review

OCTOBER 11, 2013

When the well-known hedge fund manager and short-seller Jeremiah Hughes first put Terranola in the spotlight, issuing ominous warnings about unsold products, a looming patent expiration, and flawed growth projections, the considered judgment of the executive team was to do nothing. “I Terranola’s market cap skyrocketed to $8.1

Case Study 8

Case Study CFO Hedge PR 8

Harvard Business Review

MAY 31, 2012

Holding people to account for these and related issues is an essential element of a broad approach to risk management inside financial services (and industrial) firms. This is reflected in the drop in stock price from an April high of about $45 to about $35 in late May (a market cap decline of more than $35 billion).

CIO 8

CIO Committee Risk Management Banking 8

Harvard Business Review

MARCH 24, 2017

The venture capital industry is beginning to take a good, hard look at a new financial instrument coming out of the bitcoin community — Initial Coin Offerings , or ICOs. And like any industry, the ICO arena has had its fair share of outright scams, pump and dumps, and blatant Ponzi schemes. Insight Center.

Venture Capitalist 10

Venture Capitalist Due Diligence Finance Long-term 10

Harvard Business Review

APRIL 2, 2014

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

CAPM Discount Price Finance 8

Harvard Business Review

OCTOBER 9, 2015

There are two stories you can tell about finance in America. ” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. .” ” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. eBay is a recent example.

Hedge 8

Hedge Finance Short-term Document 8

Harvard Business Review

JANUARY 14, 2014

The hedge fund founded and run by billionaire Paul Singer just announced that it now owns 6.2% Its IPO in 1999 was a sensation ; by autumn 2000 its market capitalization topped $65 billion and the ratio of its stock price to the next year’s projected earnings was a staggering 483. It turned out to be a lower-than-anticipated sky.

Hedge 8

Hedge Chief Technology Officer Maturity IPO 8

Harvard Business Review

MARCH 1, 2017

First, because it’s antiquated, a kludge of industrial technologies and paper-based processes dressed up in a digital wrapper. Given the promise and peril of such a disruptive technology, many firms in the financial industry, from banks and insurers to audit and professional service firms, are investing in blockchain solutions.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

AUGUST 8, 2018

And some companies with employee majority-owned stock programs, such as Publix Super Markets and outerwear maker W.L. Gore and Associates, are leaders in their industries. Worker buyouts are particularly likely to blossom in industries with organized workers who transition to union cooperatives. Already, U.S. Already, U.S.

ESOP 11

ESOP Company Cooper IAM 11

Harvard Business Review

OCTOBER 20, 2011

Conversely, why market cigarettes? As the industrial revolution progressed, society was enjoying enormous benefits from mass production, which brought former luxuries within middle class reach. Just as electronic commerce would later sweep business, mass production came to one industry after another. Social media spending?

ROE 12

ROE Debt to Equity Ratio Innovation Incentives 12

Harvard Business Review

FEBRUARY 8, 2018

This means that many emerging market risks get cut from the senior leadership agenda. They did not spend as much time thinking about local events that have implications for their emerging market operations. Top leaders tend to focus more on status updates than on contingency planning.

Market Risk 8

Market Risk Marketing Supply Chain Company 8

Harvard Business Review

FEBRUARY 12, 2018

Jana Partners, the activist hedge fund, isn’t known as a tree-hugging hippie sort of firm. Apple is an enormously powerful firm, and its actions can set the agenda for an entire industry. It has such a high share of the market that when there’s a problem with fake news it becomes, in large part, Facebook’s problem.

CEO 9

CEO Short-term Long-term Aggregate Demand 9