Principles by Ray Dalio

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/prɪnsɪp(ə)l/ a fundamental truth or proposition that serves as the foundation for a system of belief or behaviour or for a chain of reasoning The American hedge fund manager, Ray Dalio wrote one of the most influential business books of 2017 on the topic of work and life principles. The book covers both the professional and … Continue reading Principles by Ray Dalio

CEO Overconfidence in Mergers & Acquisitions – Literature Review

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“Many managements apparently were overexposed in impressionable childhood years to the story in which the imprisoned handsome prince is released from a toad’s body by a kiss from a beautiful princess. Consequently, they are certain their managerial kiss will do wonders for the profitability of Company T[arget]…We’ve observed many kisses but very few miracles. Nevertheless, … Continue reading CEO Overconfidence in Mergers & Acquisitions – Literature Review

The Disposition to Sell Winners Too Early and Ride Losers Too Long

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In this paper, Shefrin and Statman argue that investors tend to sell winners too early and ride losers for too long. They call this the disposition effect. The theory is based on the following concepts. Prospect theory: We are risk-averse in terms of gains and risk-seeking in terms of losses. Mental accounting: We treat each … Continue reading The Disposition to Sell Winners Too Early and Ride Losers Too Long

Neuroscience 101

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I wrote this note while reading the book Behave by Robert Sapolsky where I had to have some sense of the terminology within the field of neuroscience. It is a ridiculously complicated topic which is why this note may come across as lacking a sense of depth as I wrote it just to have a quick … Continue reading Neuroscience 101

Lecture on Strategy and Danske Bank by Thomas F. Borgen, CEO of Danske Bank

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Thomas F. Borgen is considered as one of the most important and competent CEO’s in the Nordics. In this lecture, he talked about the journey Danske Bank has been on since the crisis in 08′ and how it is to turn around a major institution like Danske Bank successfully. Furthermore, Thomas F. Borgen talked about what … Continue reading Lecture on Strategy and Danske Bank by Thomas F. Borgen, CEO of Danske Bank