Harvard Economist Michael E. Porter’s work on competition, strategy and value chains in the 70s and 80s still hold relevance to this day as a tool to analyse competition intensity, industry attractiveness and business profitability. A useful starting point for all business students and professionals. Continue Reading …
In his 1997 book, The Warren Buffett Way, Robert G. Hagstrom outlines the core business and investment principles of value investing that Berkshire Hathaway’s Chairman and CEO Warren Buffett practised. Continue Reading …
In his book, The Myth of the Rational Voter, Economist Bryan Caplan outlines four systematic biases to explain why democracies choose bad policies. Continue Reading …
In a speech to Harvard University in 1995, Charlie Munger presented a framework, based on his lifetime’s observation of human behaviour, to describe common causes of patterned irrationality and misjudgement in human decision making. Continue Reading …