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When It Pays to Think Like a Finance Manager

Harvard Business Review

Everyone always wants new equipment — new computers or other hot technologies. Do you think they’re going to do a net present value (NPV) analysis that shows they don’t need that computer? The two founding partners were both engineers who loved technology. Finance & Accounting Influence'

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What If Investors Who Held Their Shares Longer Got More Voting Power?

Harvard Business Review

The Refresher: Net Present Value. While not fully analogous, if Singapore sovereign wealth fund Temasek holds its equities for, say, 8 years on average while quantitative arbitrage hedge fund Renaissance Technologies holds them for milliseconds at a time, the Temasek capital is more valuable than Renaissance’s.

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