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Why Consensus Kills Team Building | N2Growth Blog

N2Growth Blog

Decisioning by consensus usually results in no decision being made, or an intellectually dishonest, watered-down decision that is so full of compromises, hedges and caveats that a non-decision might have been preferable. Where levels of responsibility and consequences for success or failure fall differently on various participants.

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The Disruption of Venture Capital

Harvard Business Review

Hedge fund investors who deploy capital in large and liquid markets can scale their time well. Bill Ackman's hedge fund Pershing Square, for example, has $9 billion in assets under management and fewer than ten investment professionals. In response, they can choose to participate in more deals or bigger deals.

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What If Socially Useful Jobs Were Taxed Less Than Other Jobs?

Harvard Business Review

On the other hand, some sectors involve “zero sum” endeavors, in which profits come at the expense of other market participants. Our data shows, for instance, that 18% of multimillionaires work in finance, while only 1% of them are professors and scientists.

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SAC and the Strange Focus on Insider Trading

Harvard Business Review

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. Ethics Finance Government' have centered on. Bharara has not filed charges (yet?)

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What the Great Fama-Shiller Debate Has Taught Us

Harvard Business Review

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.

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Do Commodities Speculators Make Things Cost More?

Harvard Business Review

Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks. But the new commodities market participants may have made things worse, as Kocieniewski''s aluminum findings seem to show. Ethics Finance Global business' So what''s the solution?

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The Brighter Side of Decades of Disappointing Investment Returns

Harvard Business Review

Sheelah Kolhatkar, in a cover story (and what a classy cover it is) in the new Bloomberg Businessweek , argues that the great alternative to plain-vanilla equity and debt investing — the hedge fund — is more or less over, too. Compensation Economy Finance'

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