Strategy Driven

NOVEMBER 7, 2019

The name of hedge fund billionaire Raymond Dalio triggers emotions of adoration, admiration, and even dislike. billion, Dalio started investing at the age of 12 and his life has revolved around finance. He also capitalized on the mistake to develop new methods that can be used to achieve desired goals. With a net worth of $18.7

Hedge 50

Hedge Leadership Learning-by-Doing Micromanagement 50

Harvard Business Review

SEPTEMBER 28, 2012

Acutely aware of the competitive edges timely data offers sophisticated investors, the company's ever-entrepreneurial cofounder once proposed that Google launch a hedge fund. Google may not have a hedge fund, but it's unlikely that high IQ hedge funds aren't using Google's data to better manage their own situational awareness and risk.

Hedge 15

Hedge Core Competence CFO ROI 15

Harvard Business Review

MARCH 7, 2017

All of this indicates that Uber leaders prioritized immediately useful services like recruitment over, for example, legal compliance systems, audits, and leadership development. As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR.

Compliance 16

Compliance Hedge Human Capital Finance 16

Harvard Business Review

JUNE 9, 2011

The trio (respectively, a finance professor at Cornell, an applied-math Ph.D student at the Ecole Polytechnique, and a statistics professor at Columbia) developed a statistical technique for detecting bubbles that they tested on data from the dot-com heyday. What should executives do when their company is caught up in a bubble?

Company 15

Company Finance Price IPO 15

Harvard Business Review

JANUARY 26, 2012

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. A key constraining resource in traditional venture is a VC investor's time.

Hedge 16

Hedge Disruptive Innovation Venture Capitalist Venture Funding 16

Harvard Business Review

JANUARY 7, 2011

million in one year from the hedge fund D.E. This gap between what employees of Goldman and its Wall Street peers (including hedge funds, private equity firms, etc.) The increasing rewards to work in finance were for a long time defended as evidence that the financial sector was creating more value than the rest of the economy.

Shaw 14

Shaw Decisionmaking Hedge Finance 14

Harvard Business Review

JANUARY 11, 2016

They are developing horizontally, not vertically, with vast areas of low sprawl reaching out for miles from Sao Paolo, Lagos, New Delhi, Guangzhou, Jakarta, and many others. As I travel to urban development conferences, I often hear people bemoan an infrastructure funding gap, but the hard truth is there is no funding gap.

Finance 8

Finance Bond Innovation Incentives 8

Harvard Business Review

MARCH 1, 2017

Blockchain was originally developed as the technology behind cryptocurrencies like Bitcoin. Menlo Park venture capital firm Andreessen Horowitz joined USV in investing in Polychain Capital , a hedge fund that only buys tokens. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

MARCH 2, 2017

See More Videos > See More Videos > The same applies to trade finance and financial assets, where companies such as Digital Asset Holdings (run by JPMorgan veteran Blythe Masters ), Blockstream, and Chain are trying to revolutionize how assets are issued and traded.

Finance 8

Finance Supply Chain Decentralization Maturity 8

Harvard Business Review

AUGUST 8, 2018

Third, as a result of strong performances by worker- and employee-owned companies, it is becoming easier for workers to overcome arguably the biggest hurdle to worker buyouts: financing. And companion bills developed to enable the U.S. Already, U.S. Already, U.S.

ESOP 15

ESOP Company Cooper IAM 15

Harvard Business Review

JULY 31, 2014

Soon after, when Khan began tutoring his niece in mathematics while working at a hedge fund, he hit upon the idea of developing short video tutorials on YouTube. How did Sal Khan finance his venture? First, Sal Khan could have continued in finance and made far more money than he does in a nonprofit.

Bond 15

Bond Education Finance Video 15

Harvard Business Review

AUGUST 12, 2013

Everybody has been piling on to hedge fund manager Bill Ackman lately. Ackman''s short-selling campaign against vitamin distributor Herbalife has blown up in his face, with the company''s stock up more than 75% since he unveiled his position last December and some of his most prominent hedge fund competitors profiting from his misery.

Hedge 8

Hedge Short-term Long-term Finance 8

Harvard Business Review

DECEMBER 2, 2010

The conviction spread that, thanks in part to financial innovation, the world's developed economies had become more resilient even as financial markets became more volatile. None of them brought economic devastation in the U.S. and Europe, though (and Japan's long struggles were seen as the product of peculiarly Japanese economic traits).

Decisionmaking 15

Decisionmaking Chaos Theory Hedge Marketing 15

Harvard Business Review

MARCH 24, 2017

ICOs are the Wild West of financing — they sit in a grey zone where the U.S. Non-profits usually hold about 10-20% of the total cryptocurrency they issue; as Ethereum did in their ICO in 2014, with 20% going to the development fund and the remaining going to the Ethereum Foundation.

Venture Capitalist 15

Venture Capitalist Due Diligence Finance Long-term 15

Harvard Business Review

JANUARY 30, 2013

Well, he's a hedge fund veteran who has always taken a skeptical view of Wall Street, treating it more as a loopy rich uncle than the efficient information processor of standard finance theory. How has Bezos done this?

Training 14

Training Bond Christensen Long-term 14

Harvard Business Review

APRIL 26, 2017

By comparison, online lenders face capital costs that can be higher than 10%, sourced from potentially fickle institutional investors like hedge funds. In these options, the critical question is whether the bank wants to keep its own underwriting criteria or use new algorithms developed by its digital partner.

Banking 15

Banking Credit Scoring Stage-Gate Competitive Advantage 15

Harvard Business Review

OCTOBER 24, 2016

Small startup firms are already developing proprietary technologies — such as machine vision, deep learning, and other innovations —– that could help large investors evaluate opportunities and risks with far greater accuracy and efficiency than was previously possible. How is this state of affairs possible?

Operations 8

Operations Intangible Assets Venture Capitalist Hedge 8

Harvard Business Review

DECEMBER 3, 2018

Firms with growth opportunities as well as the need for external equity financing often convert to dual-class shares. For example, Pepsi’s transformation from a purveyor of sugary drinks toward healthy snacks would have been hindered had hedge funds succeeded in their demands. While media companies, such as The New York Times Co.,

Class 14

Class Maturity IPO Short-term 14

Harvard Business Review

JULY 12, 2013

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'

Bond 8

Bond Finance Hedge Globalization 8

Harvard Business Review

AUGUST 15, 2011

The conflict between the IMF and Malaysia was a sign of a tipping point in the developed economies, shifting from a world of capital scarcity to one of abundance. But in general, prior to the development of a sophisticated banking system, capital was invested in illiquid assets, meaning tangible, productive ones.

Banking 14

Banking ROE Self-aware Proposal 14

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. And Lars has taken some of these ideas and applied them in finance.

CAPM 10

CAPM Discount Price Finance 10

Harvard Business Review

APRIL 18, 2016

It’s not implausible to imagine that one day a “strategist in a box” could autonomously develop and execute a business strategy. LTCM was founded, in 1994, by some of the best minds in finance theory, including two Nobel Prize winners. Nevertheless, overreliance on models was its downfall.

Strategy 8

Strategy Supply Chain Technology Engineering 8

Harvard Business Review

SEPTEMBER 16, 2014

Or you could participate in projects financed in part by conventional investors and in part by non-profits. Even in the most hard-nosed of private equity firms or hedge funds you will find that people align with strategies that mean something to them, that they’re passionate about.

Insurance 11

Insurance Bond Hedge Bottom-up 11

Harvard Business Review

JULY 19, 2016

Interference by elected officials — from imposition of local economic development obligations to excessive constraints on head count and compensation that impede recruitment of talented staff — has contributed to poor investment choices, higher total costs, diminished organizations, and disappointing performance at some institutions.

Politics 8

Politics Hedge Constraint Committee 8

Harvard Business Review

APRIL 3, 2015

In recent years, investors have learned that defining the market value of a firm cannot just be based on finances. The leadership ratings index we have developed has two dimensions, or domains: individual and organizational. But recently, these financial outcomes have been found to predict only about 50% of a firm’s market value.

Marketing 8

Marketing Leadership Venture Capitalist GAAP 8

Harvard Business Review

JULY 5, 2018

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. It was developed by Japan and South Korea in the 1980s and is used widely by emerging markets from Brazil to India.

Welch 8

Welch Software Industry Hedge 8

Harvard Business Review

FEBRUARY 1, 2017

Or there’s Nairobi’s SuzieBeauty, which develops cosmetics catering to African tastes at quality matching Western levels. Firms are realizing what microfinance has known for a while: Local self-policing groups, or village headmen who police honor codes, can hedge cash flows in far-flung places.

Microfinance 8

Microfinance Hotels Entrepreneur Incubator 8

Harvard Business Review

SEPTEMBER 22, 2016

Leaders are well-advised to develop a deeper appreciation for the opportunities improving data quality present and take fuller advantage than they do today. ” Senior executives hedge their plans because they don’t trust the numbers from finance. Such hidden data factories are expensive. trillion per year figure.

Cost 8

Cost Hedge Quality Finance 8

Harvard Business Review

JULY 27, 2015

This, more than anything else, explains why Greece been unable to benefit from lower wage costs in developing its economy. Although former finance minister Yanis Varoufakis made eloquent appeals about the need to rethink macro, he said very little about changing how the economy is run. In a country slipping from 1.8%

Banking 8

Banking Crisis Policies Tourism 8

Harvard Business Review

JANUARY 12, 2018

Companies in every industry can benefit from making more data and algorithm-based decisions in areas of internal operations and finance. Create your own internal robo-advisory service : Companies could develop their own robotic or semi-robotic advice for key decision domains.

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

DECEMBER 1, 2017

These spending choices require tradeoffs, so entrepreneurs must first develop a strategy for allocating limited resources across a wide range of available options. After managing a sleeve of a successful hedge fund in London for five years, and building ample savings, Colin was ready for his own shop. The first is Colin.

Strategy 10

Strategy Budgeting Cost Price 10

Harvard Business Review

OCTOBER 18, 2016

This sweeping development known as “common ownership” – the same firms owning the competing firms in the same industry – is relatively new. On average, common ownership concentration has almost doubled in the last 20 years in the construction, manufacturing, finance, and services sectors.

CEO 8

CEO Asset Management Cooper Incentives 8

Harvard Business Review

MAY 14, 2015

The company’s executives said that to help finance the plan, McDonald’s would increase refranchising (turning company-owned restaurants into franchises), take on more debt (even at the risk of lowering its bond rating ), and find $300 million to cut in general and administrative expenses. million in 2014 to a high of $12.6

Price 8

Price Franchising Short-term Hedge 8

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. Paul Garbett for HBR. SASB uses the U.S.

Proposal 8

Proposal Short-term Advertising Hedge 8

Harvard Business Review

SEPTEMBER 16, 2014

First, it is hard to see the historical development of US income taxation as a gradual evolution. Financing WWII could have been used as an excuse for these highly confiscatory rates, but rather than dropping after the end of war, they continued to rise. Two things strike me as I study the history.

System 8

System Incentives Hedge Class 8

Harvard Business Review

MAY 31, 2012

Such determination is subject to ratification by (and for an award to the CEO would be made by) the [Board's] Compensation & Management Development Committee. There can be little doubt that the trading fiasco has harmed JP Morgan.

CIO 9

CIO Committee Risk Management Banking 9

Harvard Business Review

FEBRUARY 12, 2018

Jana Partners, the activist hedge fund, isn’t known as a tree-hugging hippie sort of firm. If an individual developer sets out to make an app that is better for kids, it may or may not gain any traction; if Apple makes this issue a priority, an entire ecosystem will shift. Ryan McVay/Getty Images. The same is true of Facebook.

CEO 15

CEO Short-term Long-term Incentives 15