March 2016

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Low interest rates shine the spotlight on innovation. That's either scary or exciting.

Bill Gross, a renowned financial manager, published his newest investment outlook on Wednesday. Gross uses his outlook column to discuss the financial markets and his expectations for the future. In Wednesday’s note, he wrote about the danger of near zero interest rates around the world. He’s concerned about our near future: Investors cannot make money when money
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Credit Suisse and the cost of financial engineering

Here’s the first paragraph of a recent Bloomberg article: Credit Suisse Group AG Chief Executive Officer Tidjane Thiam, who said he was blindsided by a buildup of illiquid trading positions that will probably spark a first-quarter loss, pledged to make deeper cost cuts. It seems like you can’t go a week without this kind of
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Executives and investors, with your career in the middle

The rich are getting richer. You’ve heard the statistics. The wealthiest 1% of people in the world own over half the world’s wealth. The wealthy look for places to invest all this capital. They look for a good return. Large businesses are a prime target for these investments. Why does that matter to us? Because
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“A new kind of globalization wrapped around a new industrialization.” What?!

I recently read a Bloomberg article about Jeff Immelt’s leadership of GE. The article has an embedded video, showing a brief Q&A-style discussion. Tom Keene was one of the interviewers, and here’s one of his questions, with my emphasis added: A lot of people will talk about Immelt as executive of the year last year,
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Old people get squeezed when the economy suffers

The Wall Street Journal published an article on Sunday titled “Low Rates Are Tormenting Insurers – And Their Customers”. The insurers that are most tormented are old people. And in an unexpected way, scientists and engineers might have a solution. Here’s the article’s thesis: Interest rates are low now, and have been that way since
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What it means to not judge people, personally or professionally

Want a way to sound enlightened? Claim you don’t judge people. You’re above that. You don’t get dragged down into the mud, fighting against the frustrations and resentments that overwhelm most people. And of course that’s a crock. Unless you’re not paying attention, or you’re Buddha-level enlightened, you judge people. Then what does it mean
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Maximizing shareholder value is a broken management philosophy

If you run a large, publicly-traded company, your number one priority is to maximize shareholder value. That’s gospel. If you hint that you have any other competing priority, you’re doomed. Investors will flee. Your stock price will tank. Your job will vanish. And that’s a shame. Because maximizing shareholder value is a broken management philosophy.
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Why we need scientists and engineers as business leaders

Today I published my free eBook titled Why We Need Scientists and Engineers as Business Leaders. It’s a short eBook, with around 1,000 words. I wrote it to appeal to scientists and engineers that are looking to take on broader, more senior business-focused roles. I published the book today to meet the requirements of day
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The STEM to Business Manifesto

Large companies are larger today than they’ve ever been. They dominate the global economy. Your financial health is tied to the performance of large companies, whether you work for one or not. I built this site to help you, and me, learn more about How business are built, Why they work the way they do,
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What soccer taught me about business

I published a post this morning on Medium titled “What soccer taught me about business”. It’s a story of how I went from ignoring soccer, to watching only the World Cup, to being a true fan. And as I learned more about soccer, I saw many parallels with business. The short version is that soccer
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