F. A. Hayek
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.If the company loses more than it has accumulated, retained earnings is negative.If a company isn’t adding to its retained earnings, it isn’t growing its net worth.Rate of growth […]
The human brain works in mysterious ways. At that precise moment, I saw clearly how the Efficient Markets Hypothesis and its behavioral critique could be reconciled. In fact I understood two things that should have been obvious to me all along, but which I had never thought about until then.
Pattern Recognition or “Functional Equivalents” Keith Holyoak, a UCLA professor of psychology and one of the world’s leading thinkers on analogical reasoning, recommends people ask themselves the following two questions in order to hone their skills: By constantly looking at objects in your environment and material you read and asking yourself these two questions, you […]