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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business Review

But having a grasp of terms like EBITDA and net present value are important no matter where you sit on the org chart. The Refresher: Net Present Value. Make improving your financial skills “ a survival issue ,” says Knight. Overlook the impact of financial skills on your career.

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The Secrets to Building a Lucky Network

Harvard Business Review

He claims he won the "ovarian lottery" by being born at the right time and in a country where his skill set allowed him to amass great wealth. After all, if he were on a desert island without a capital market, the value of his skill goes nearly to zero. Warren Buffett has famously credited most of his success to Luck.

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4 Assumptions About Risk You Shouldn’t Be Making

Harvard Business Review

Most executives know that the present value of an investment comes from projecting its cash flows and discounting those numbers into today’s dollars. The general rule is projects with positive net present values should get funded, and those with negative ones shouldn’t. In many cases, failure is bad.

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Stop Focusing on Profitability and Go for Growth

Harvard Business Review

In these circumstances, strategies that generate faster growth create more value for most companies than those that improve profit margins. The Refresher: Net Present Value. And, finally, they must build the skills and capabilities required to capitalize on their most promising experiments. Related Video.

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