From Black Sholes to Black Holes: Paradigm Shift-Drift-Rift As every MBA knows or should know, there are perhaps four bedrock analytical tools of modern finance: i) Net Present Value (NPV); ii) Internal Rate of Return (IRR); iii) Black Sholes Option Pricing Model (Black-Sholes); and, iv) the Capital Asset Pricing Model (CAPM). As global interest rates,…
Month: February 2020
In Memoriam: Professor Clayton M. Christensen
“A professor, a rabbi and an entrepreneur walk into a bar….” As it turns out, the professor doesn’t drink, and the “bar” is the Harvard Business School Faculty Dining Room. Otherwise, what has been a running joke for years, is a true story. The year was 2007 when we met with Professor Clay Christensen for…
From Archilochus to Isaiah Berlin: In Search of a Few a Good Hedgefoxes
“A fox knows many things, but a hedgehog one important thing” – Archilochus The Greek philosopher Archilochus really started something. In today’s world, it is worth asking whether someone with many small tricks will have a better chance of success than someone with one big trick. Tricks of the trade can be thought of as tools…
Recent Comments