Fast Execution Needs Fast Strategy
Everywhere we look, we see large, successful companies facing intense pressure from newer, smaller, faster-moving companies that threaten to disrupt their industries. Across the business landscape, speed is becoming more important than size, and the basis of competition is shifting from scale to pace or tempo.
Eight centuries of global real interest rates, R-G, and the ‘suprasecular’ decline, 1311–2018
With recourse to archival, printed primary, and secondary sources, this paper reconstructs global real interest rates on an annual basis going back to the 14th century, covering 78% of advanced economy GDP over time. I show that across successive monetary and fiscal regimes, and a variety of asset classes, real interest rates have not been ‘stable’, and that since the major monetary upheavals of the late middle ages, a trend decline between 0.6–1.6 basis points per annum has prevailed.
^ADJ: very interesting paper by the Bank of England
Basecamp is hiring a Programmer - Signal v. Noise
We’re hiring a programmer to join ....
^ADJ: Basecamp has certainly got it nailed when it comes to recruiting and attracting the best!
10 Excel Functions Everyone Should Know
The past 10 years have seen a wave of innovative big data software designed to analyze, manipulate, and visualize data. Yet for the regular knowledge worker, Microsoft Excel, 30 years on, remains the go-to product for people looking to make sense of data. Satya Nadella, Microsoft’s CEO, maintains that Excel is still the one Microsoft product that stands above the rest — and 750 million knowledge workers worldwide support that claim every day.
The Ride-Hail Utopia That Got Stuck in Traffic
Uber and Lyft said they would ease congestion. Instead they made it worse.
How McKinsey Destroyed the Middle Class - The Atlantic
When Pete Buttigieg accepted a position at the management consultancy McKinsey & Company, he already had sterling credentials: high-school valedictorian, a bachelor’s degree from Harvard, a Rhodes Scholarship. He could have taken any number of jobs and, moreover, had no obvious interest in business. Nevertheless, he joined the firm.