Your Brain Can Only Take So Much Focus

The ability to focus is an important driver of excellence. Focused techniques such as to-do lists, timetables, and calendar reminders all help people to stay on task. Few would argue with that, and even if they did, there is evidence to support the idea that resisting distraction and staying present have benefits: practicing mindfulness for 10 minutes a day, for example, can enhance leadership effectiveness by…

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WHEN WILL YOU PARTICIPATE IN AN ASSET PRICE BUBBLE?

Do investors holding an asset in the midst of a price bubble all come to share similar beliefs, even if they did not do so previously?  Asset price bubbles are unfailingly supported by a captivating narrative, which is ‘validated’ by price movements, draws in investors and allows for traditional valuation considerations to be discarded.  It…

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How Big is the Hedge Fund Industry?

Over the past 20 years, hedge funds have gained almost mythic status. Loved and loathed, they are held to be sharply distinct from the broader asset management industry. The fortunes of the best-known firms are followed with great interest. There is nothing that definitively marks hedge fund managers apart from other investment managers, however. Instead,…

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