Netflix viewership finally gets a yardstick http://t.co/50sUOj0mGi pic.twitter.com/McMSgLfRPs
— Rani Molla (@ranimolla) August 27, 2015
Creative destruction in cable
29 Aug 2015 Leave a comment
in industrial organisation, market efficiency, survivor principle Tags: creative destruction
Entrepreneurial alertness in filming police brutality
25 Jul 2015 1 Comment
in economics of crime, entrepreneurship, law and economics, managerial economics, market efficiency, organisational economics, personnel economics Tags: crime and punishment, criminal deterrence, entrepreneurial alertness, law enforcement, police, police brutality
Do vice funds out-perform the share market?
13 Apr 2015 Leave a comment
in entrepreneurship, financial economics, market efficiency, TV shows Tags: active investing, efficient markets hypothesis, entrepreneurial alertness, ethical investing, passive investing, Sopranos, vice funds
The Vice Fund has outperformed the S&P 500 since 2004. They invest in sinful stocks as its managers describe it:
Designed with the goal of delivering better risk-adjusted returns than the S&P 500 Index. It invests primarily in stocks in the tobacco, alcohol, gaming and defence industries. Vice Funds believe these industries tend to thrive regardless of the economy as a whole.
The Vice Fund was founded in 2002 to specialise in socially irresponsible stocks such as gambling, alcohol , tobacco and defence contracting. The Vice Fund is not recession proof, but did do better in the 2009 market crash.
The Vice fund also has high management fees of 2%. Americans can buy Vanguard’s or Fidelity’s index funds and pay only 0.1% in expenses. The Vice Fund may have buckled under the heat because it has rebranded:
The Vice Fund is now called the Barrier Fund. The investment strategy and the portfolio manager have not changed… The Barrier Fund invests in companies, both domestic and foreign, within industries that have significant barriers to entry.
All is not lost, the Ave Maria Catholic Values Fund beat the market almost as handily as Vice.
To confuse further, the Catholic Values Fund revealed that it shared investments in defence contractors with the Vice Fund. The Vice Fund invested in staid Berkshire Hathaway and Microsoft.
HT: Investing in Vice.
Simon-Ehrlich wager
20 Mar 2015 Leave a comment
in market efficiency, resource economics Tags: activists, commodity prices, doomsday prophecies, Julian Simon, Paul Ehrlich, peak oil, Simon-Ehrlich wager
The Evolution Of The Employee
09 Feb 2015 Leave a comment
in health and safety, human capital, labour economics, labour supply, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics Tags: modern human resource management
Deirdre McCloskey on big bills on the sidewalk
08 Feb 2015 Leave a comment
in applied price theory, entrepreneurship, market efficiency Tags: Deirdre McCloskey, efficient markets hypothesis, entrepreneurial alertness, forecasting
HT: Cafe Hayek
The spirit of Alfred P. Sloan: 10 Ways to Get People to Disagree
27 Jan 2015 Leave a comment
in entrepreneurship, managerial economics, market efficiency, organisational economics, personnel economics Tags: Alfred P. Sloan, group think
1. Assign someone on your team to the role of “Devil’s Advocate” to ensure a critical eye.
2. Ask part of your group to think like the firm’s competitors (or customers or employees) in order to surface and expose flaws in a set of core assumptions.
3. Establish “ground rules” that will stimulate task-oriented disagreement — but minimize interpersonal conflict.
4. Keep the proceedings “transparent” by making decisions based on what goes on in the meeting and not behind-the-scenes maneuvering.
5. Make sure your team members represent a diversity of thinking styles, skill levels, and backgrounds. And if they don’t, invite people with various points of view to offer their perspectives.
6. Start out with a question and don’t voice an opinion. Once you’ve said, “Here’s what I’m thinking . . .” you have already influenced your team.
7. If you want honest feedback, then be the first person to admit mistakes.
8. Listen (really listen) to everyone’s ideas. Let people know that you value their input and are taking into consideration what they have to say.
9. Pay attention. It’s not enough to listen — you can do that while viewing text messages or pouring a cup of coffee. You also have to be perceived to be paying attention. That means you need to make sure your body language (eye contact, head nods, torso orientation, etc.) sends signals of inclusion.
10. Clearly state the behaviors you want during the discussion (constructive conflict) and as a result of the discussion (shared commitment to the outcome).
via http://www.forbes.com/sites/carolkinseygoman/2012/08/23/10-ways-to-get-people-to-disagree/
Utopia, you are standing in it! 
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