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Tuesday, May 30, 2017

Airlines, Stock Splits and Voting - Bloomberg

Airlines, Stock Splits and Voting - Bloomberg:



But I think the "index funds ruin capitalism" story�is best read as just one strand of a larger "financial capitalism ruins capitalism" story, and while the index funds story is still pretty niche, the financial capitalism story has become very popular. In this story,�managers and investors have stopped thinking of companies as�companies, as human networks of employees and customers and investors, and now think of them instead as�numbers, as sets of financial factors to be optimized. There are many explanations�for this: Developments in graduate business education, or the rise of corporate activism, or the cultural role of Wall Street. But�the basic story is that companies�used to balance the interests of workers, customers and investors; now they have adopted a fully investor-centric model in which profits are the only goal and customer service and workers' rights are sacrificed. Sheelah Kolhatkar writes that "the investors-above-all doctrine seems to have triumphed over the more inclusive approach."

Japan looks to solve puzzle of slow wage growth

Japan looks to solve puzzle of slow wage growth

Friday, May 19, 2017

Commence | No Mercy No Malice | Scott Galloway | L2

Commence | No Mercy No Malice | Scott Galloway | L2

Howard Hart, legendary figure in CIA clandestine service, dies at 76 - The Washington Post

Howard Hart, legendary figure in CIA clandestine service, dies at 76 - The Washington Post

Relationships and Glass-Steagall - Bloomberg

Relationships and Glass-Steagall - Bloomberg



I suspect there is a sociological reason, which is that it feels more high-status to live in a world of favor-trading and gift exchange than a world of naked commercial transactions. "Oh, I'm close with the CEO of XYZ Corp., we play golf together and he listens to my advice" is a more satisfying description of your work life than "I have sold four units of M&A to XYZ Corp. this quarter." Business as a network of gift exchanges allows you to cast your business life as a life, your work relationships as friendships, your work as influential rather than merely lucrative.

The heritability fallacy - Moore - 2016 - Wiley Interdisciplinary Reviews: Cognitive Science - Wiley Online Library

The heritability fallacy - Moore - 2016 - Wiley Interdisciplinary Reviews: Cognitive Science - Wiley Online Library

Tuesday, May 09, 2017