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Profit Is Less About Good Management than You Think

Harvard Business Review

Benjamin Graham , the father of value investing, seldom met the managers of the companies he invested in because he felt they would tell him only what they wished him to hear and because he didn’t want to be influenced by impressions of personality. So is there something different about the managers who do succeed?

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What Uber’s China Deal Says About the Limits of Platforms

Harvard Business Review

The $1 billion burn rate in China was reportedly holding up its IPO, not just its expansion in other parts of the world. Are there really global network economies? While network economies generally are regarded as critical to winning with platforms, they, like economies of scale, often seem to be overestimated by executives.