So usually, the managers go down the road of making dodgy acquisitions and wasting shareholder money to maintain growth when they should be returning that money to shareholders, who are the real owners of the company.
Category: Tech
Why Online Dating Services Are Like Financial Markets
In that sense, online dating services bring the same thing to the market for relationships that modern, electronic trading platforms bring to the financial markets: In a word, liquidity.
Online Dating Isn’t Killing Marriage!
All the barriers have slowly broken down in the past hundred years, to the point where the entire world, theoretically, is now your dating pool. So you needed to be choosy and your ability to go out and find your mate became something of a reflection back on you, of your ability to be a successful person in the world.
The Importance Of Excel
This is why the JPMorgan VaR model is the rule, not the exception: manual data entry, manual copy-and-paste, and formula errors. This is another important reason why you should pause whenever you hear that banks’ quantitative experts are smarter than Einstein, or that sophisticated risk management technology can protect banks from blowing up. At the end of the day, it’s all software. While all software breaks occasionally, Excel spreadsheets break all the time. But they don’t tell you when they break: they just give you the wrong number.
Why Apple is Valued Like an Oil Company
There’s no real conclusion here except that I don’t think investors really get technology. They don’t understand truly good and new things and how powerful they are. They think innovation is a word on a mug and a thing discussed in conferences at the Marriott. This is the bizarre thing about Apple, the only people that really get it are it’s customers.
Abnormal Capitalist 