Robert S. Kricheff

That Doesn¿t Work Anymore

Retooling Investment Economics in the Age of Disruption

• Broschiertes Buch

Produktbeschreibung

Economic measures and concepts like GDP, inflation, business cycles and supply chains that were created decades ago are being disrupted and altered by technology. These changes affect asset values, interest rates, stock valuations, barriers to entry, as well as regression and correlation analysis. That Doesn't Work Anymore discusses how to adapt traditional data to these changes and outlines ways to use newer and better tools that help you make good investment and business decisions.

The book's short pragmatic chapters grouped by topic with research and real-life anecdotes delve into how technological and societal developments have changed the meaning and value of traditional economic data-points, predictive tools, and business concepts. Robert S. Kricheff provides specifics on new and more valuable data sources as well as better methods for applying the information to investing, business, and even your career.

Produktdetails

• Verlag: De Gruyter
• Seitenzahl: 266
• Erscheinungstermin: 17. Dezember 2018
• Englisch
• Abmessung: 230mm x 155mm x 15mm
• Gewicht: 400g
• ISBN-13: 9781547416820
• ISBN-10: 1547416823
• Artikelnr.: 52337670

Autorenporträt

Robert S. Kricheff is Senior Vice President, Portfolio Manager, and Global Strategist at Shenkman Capital, a global money management company. He regularly writes on markets and economics for the firm. Prior to joining Shenkman he was Head of High Yield Sector Strategy at Credit Suisse. Robert has a bachelors from New York University in Economics and Journalism and a masters from the University of London in Financial Economics. He has published two books and two e-books on investment analysis.

Inhaltsangabe

Your Economic Thought Patterns Need to Change

1. Ignore the Averages - Means Move



2. Disrupters or Just Progress



3. Cultural Changes Make Economics Change



4. Cultural Impact of the Great Recession



5. Everyone Needs to Change How They Measure Things- Always



6. Rethink Correlations and Resist Regression



7. Goodhart's "Underappreciated" Law


Big Economic Data-points


8. GDP - Revisions, Central Banks and Why It Is So Useless



9. Is Growth the Right Economic Measure



10. Is Growth the Right Financial Measure



11. Unemployment Versus New Employment



12. Wages are Different Now



13. Inflation - It Can Help, It can Hurt - But it is Definitely Not the Same as it Was



14. Interest Rates and Falsehoods



15. Currencies - Chicken & Egg



16. The Asset Value Magic Trick - Stocks, Real Estate, Gold, Bitcoin Etc.



17. Expectations Theories - Always Changing, Always Relevant


Applying Changes in Big Economic Data to Investing and Business

Old Capital, New Capital


18. The New Role of Capital/Capital Formation



19. Capital Flow Data is Dangerous



20. Follow The Money or Fail



21. Human Capital - The Real Data to Watch



22. Capital, Political Structure and Aristotle


Applying Changes in Capital Flows to Decisions in Investing, Business and Career

What Government Does to Economics


23. Government's Role: Past and Future



24. Funding Government - Rethink It



25. Taxes - Good, Bad and Completely Lost



26. Expense Management and The Government - A Misnomer?



27. Factoring Modern Government Into Economic Decisions



28. More Grey and Purple -Government's Ability to Function


Government's Role Today and Its Impact on planning your Investing, Business and Career

Financial and Business Data is Different Now and It Has Always Been That Way


29. Business Structures - Think Again



30. Business Investment What People Watch and What You Should Watch



31. Business Cycle Theory and Why Its Wrong



32. Tearing Down and Running Around the Barriers to Entry



33. Supply Chains and Pasta



34. Energy and Fossilized Ideas



35. Measure of Trade and Fools



36. Measures of Globalization: What to Watch and Why It Matters



37. The Problem With Earnings Reports and Expectations



38. The Invisible Consumer: Customer Retention Data , Big Data and Customer Service



39. How Not to Measure A Company's Success


Revaluating The Way to Look At Business for Investing, Business and Career

Value, Risk and Investment Metrics


40. What are Things Worth Right Now



41. Money Do We Need to Change How We Count It



42. Hard Assets with Soft Valuations



43. Does Volatility Matter



44. Value at Risk - Real or Fantasy



45. Other Measures: Risk Premiums, P/E Ratios and All That



46. Regression, Extrapolation and Historical Averages



47. Projections are So Yesterday , Probability is So Today


Using Better Value and Risk Metrics in investing, business and your career

Random & Concluding Topics


48. New Industries and What to Do About Them



49. Emerging Economies - New Paths or Same Old Cycles



50. Socially Responsible Investing /Environmental, Social and Governance Factors (SRI/ESG)



51. Economic Activism



52. Trend Watching and Catching

Never Close Your Eyes, or You Will Miss Something

Rezensionen

My first speech on Wall Street in 1969 was titled "The Best Investor Is a Social Scientist." After reading Bob's enlightening assessment of how to successfully navigate markets during this time of rapid transition and disruption, I'm confident that my thesis is as true today as it was then. That Doesn't Work Anymore is as valuable a tool for understanding how the world is changing as it is a guide for investors, business leaders and money managers to apply a broader scope and more rigor to work.

--Michael Milken, Chairman, Milken Institute

Kricheff explains why so many of the broadly used economic and financial tools need to be reconsidered in the face of rapid technological change. That Doesn't Work Anymore highlights the unique challenges that industries and companies face as technology changes the world-particularly in the emerging markets.

--Eraj Shirvani, Credit Suisse AG, Vice Chairman - Emerging Markets

Bob Kricheff is the Malcolm Gladwell of investing. He rightly forces you to question the stalwart theories and rules of economics during a time where technological disruption across all industries has become the norm. That Doesn't Work Any More analyzes everything from Keyes vs. Hayek to the impact of music streaming, and even the food industry. It is a must read for anyone serious about capturing alpha in a rapidly changing economic landscape.

--Judy Joo, Chef, restaurateur, TV personality, and author

An entertaining and enlightening book that expertly questions the status quo of investment economics during this present period of rapid technological innovation. Bob challenges core economic assumptions and provides a great, and often humorous, guide for navigating investments through an environment of constant disruption. Well done Bobby K!

--Patrick Dyson, Partner, GoldenTree Asset Management

We are surrounded by data, and we must learn to use new forms of information to make better decisions. That Doesn't Work Any More illustrates how modern technology has changed the data we use, and the context for how we use it. This book is a helpful guide of novel ways to analyze the economy and our businesses.

--Charles Rivkin, Chairman and CEO, Motion Picture Association of America (MPAA)

Business in the 21st century requires a different lens to interpret trends and construct approaches to investment and management. That Doesn't Work Anymore is a splendid prism through which economic data and developments can be viewed and understood. Robert Kricheff has written a clear and concise volume that frames economic concepts in a contemporary light. It is easy to read with robust examples that enrich one's understanding of particular topics. His insights are entertaining and invaluable.

--Robert I. Grossman, M.D., The Saul J. Farber Dean and Chief Executive Officer, NYU Langone Health