Is the Market’s Euphoria Justified or Just Exuberant?
"How do we know when irrational exuberance has unduly escalated asset values,” asked the then Chairman of the Federal Reserve, Alan Greenspan in 1996. Will the current bull market end in tears?
Before You Just Do It, Ask What an Equity Stake Really Means for Your Career
The graphic design student who came up with the Nike Swoosh was paid $35 for her work. Three years later when Nike went public, the CEO Phil Knight gave her 500 shares. She never sold a single share, and they are now worth a small fortune. The upside of equity compensation can be extraordinary. So can the downside.
Will the Music Business Always Be Too Human for Wall Street?
“I can’t think of an asset I’m more confident in being consumed over time..” Bill Ackman's Pershing Square Capital Management has launched a $64B bid to buy UMG - the company behind Taylor Swift, Kendrick Lamar, The Weeknd, Sabrina Carpenter, and roughly a third of all recorded music on earth. Is it a smart move?
The Happiness Syllabus and What Business Schools Know About Living Better
For decades business schools have studied what drives performance, engagement, and productivity. Much of the data keeps coming back to how people feel. Research on happiness is full of findings that contradict what most ambitious people assume to be true. Here are six of the most useful.
Can Anyone Actually Value SpaceX?
SpaceX is targeting a valuation of $1.75 trillion which would put it above every S&P 500 company except Nvidia, Apple, Alphabet, Microsoft, and Amazon. Was it a coincidence that Elon Musk chose April Fool’s Day to file confidentially for what could be the largest initial public offering in history?
What Business Schools Are Learning About the Power of Starting Over
Reed Hastings described running his first company like, "Near-drowning." He got to start over as CEO of Netflix, and definitely enjoyed it more. The near-drowning had taught him how to swim. Business school students are learning that how you handle failure can define your future success.
The Influencers: Howard Yu on How to Build for Any Future
Most LinkedIn "experts" have opinions. Howard Yu has data, factory visits, and 25 hours of research behind every post. With every company he studies, the LEGO® Chair of Management and Innovation at IMD asks who is building the capabilities that will matter in five years.
When “Very Good Chance” Moves Markets by Trillions
What, exactly, is a very good chance? Is it 60%? 75%? 90%? The answer is that nobody really agrees. And that shared misunderstanding, multiplied across millions of traders, analysts, diplomats and ordinary citizens, has consequences that range from the financially catastrophic to the culturally misleading.
Why The Quants Need a Poet in the Business School Classroom
In MBA classrooms, the language of numbers reigns supreme. The quants are in charge. But Oxford's Saïd Business School has appointed a Poet Laureate, the first such position in any business school, naming the distinguished South African poet and scholar Dr Athol Williams to the role. Because wisdom in business and leadership has a poetic side.