March 2012

Book Review: Winning Investors Over

Winning Investors Over: Surprising Truths About Honesty, Earnings Guidance, And Other Ways To Boost Your Stock Price

The job of management is to maximize corporate value, which leads CEOs to seek ways to boost their companies’ stock prices. Although generating consistent long-term earnings growth for shareholders would seem the obvious path to reaching that goal, every company will experience difficult times. The question is whether shareholders will regard a down quarter or year as simply a short detour on the overall journey or consider short-run earnings misses significant. Read more

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Economics Roundup: Existential Questions for Greece, Japan, and the U.S.

Economics

“To be or not to be” is not just for Hamlet, it’s the existential question of the International Swaps and Derivatives Association (ISDA), the ruling body on credit default swaps. After much ballyhoo about whether or not Greece’s restructuring would technically qualify as a default, the ISDA ruled that Greece’s restructuring in March is in fact a default, thereby triggering credit default swaps on Greece sovereign debt. Read more

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