There are plenty of examples where companies and government units borrow from their future in different ways. There are very different issues for the two actors, so we’ll split this into two posts: this one on companies and another future post on government. The traditional way that companies approach capital needs is to borrow money,…
Read MoreHere’s an interesting reference to the story about the “tech surge” to fix healthcare.gov. The story is interesting from a tech perspective, of course. It highlights interesting themes in the tech world about a discernable power law in the performance of great, versus merely good, developers. But that’s not why I’m writing this. I’m hearkening…
Read MoreWe’re continually amazed by the plethora of articles in newspapers and financial magazines that trudge over old ground, or what we thought was old ground. Short example, before we get to the article: why do otherwise wise-seeming publications continue to publish the historical results of mutual funds? Why do they ignore that whole efficient market…
Read MoreI’ve been reading too much about some fundamentally misguided corporate governance notions from Cornell Law School professor Lynn Stout. Maybe it’s the author of the piece trying to make something out of nothing, but the article reads as if Prof. Stout simply knows what’s best for corporations, individual shareholders, and institutional investors. While it’s not…
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