Not a Great Depression, a Great Rebalancing - Umair Haque
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Saved by 6 people (0 private), first by anonymouse user on 2008-10-14
- Bankwatch on 2008-10-21 - Tags economy , banking
- Eapent on 2008-10-17 - Tags economy , systemsthinking
- Jurijmlotman on 2008-10-16 - Tags web20_economy , digital_left , meltdown , _cloud , fjpolitics , deli
- Frufrufour1 on 2008-10-16 - Tags no_tag
- Emmfan on 2008-10-14 - Tags strategy , hbr
Public Sticky notes
The inescapable flipside to unsustainably cheap debt is that equity has been unsustainably costly.
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equity is the costliest form of finance. Managers can't often communicate information to shareholders efficiently or credibly; managers have to bear the costs of negotiating and bargaining with shareholders; and shareholders constantly have to monitor managers, and search for better-performing equities. Conversely, debt offers simple, direct benefits, like tax shields.
Highlighted by flowbackwards
Why do we rely on heavily footnoted reports issued once a year in a world moving at lightspeed? When Yahoo finance chatrooms regularly move markets, it's a clear signal that the informational interface between managers and markets is in a state of terminal obsolescence.
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Why does management only meet with shareholders a handful of times a year -- if that -- in an always-on world...and often adversarially to boot?
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Public Comment