Dive into the archives.
- Aporia: On knowing. On not knowing.
It is 8:05 AM: my cup of coffee and Financial Times are before me as I prepare for US markets to open. Andrew Hill, writing the “On management” column today, presents a chilling precis on BP and the snail’s pace of corporate culture change with far wider implications for investors: “A safety survey of the [...]
- The Electronic Herd and the Market as Open System
The current sway, within market systems, of what journalist Thomas Friedman called “the electronic herd” has revolutionized the way in which retail investors must approach the market. No longer are the benchmarks of financial statement analysis and technical analysis sufficient to judge the attractiveness of equity offerings. Rather, because of sudden and turbulent shifts of [...]