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The rules for success in the New Economy are extraordinarily similar to the rules for success in the old economy. FT, 11.8.00	Paradox plays a part in a modern fable of economics (Financial Times 31 July 2007) Bear in mind the gambler’s advice: if you don’t know who is the patsy in the room, it’s you. Conflicting creeds: how to value art, houses and Asian stock (Financial Times 15 May 2007) For fundamentalists, the value of an asset is the sum of the returns it will yield over its life. For fellow travellers, an asset is worth what someone else is willing to pay for it. Prudence is knowing that not all swans are white (Financial Times 15 April 2007) Models are only as good as the correspondence between the model and the world, and this is where problems begin. Arguments for private equity are not always convincing (Financial Times 13 March 2007) Private equity promoters propose layer upon layer of debt, leveraged by non-recourse finance. But the same finance theory also tells us that you do not increase the value of an investment portfolio by increasing gearing. Banks too often get the blame when management is at fault (Financial Times 21 November 2006) Failed business people who blame the banks rather than themselves identify themselves as people whose future ventures should not be supported. Read more articles from 'Business Strategy' ... ^ back to top
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