Quotes Kenneth French on why individuals looking to balance their mutual fund portfolios should choose index funds over active ones. “You should expect to lose. It’s really hard to identify the great managers,” argues French about selecting active funds. “You are wasting your time and money trying to beat the market.”
Dec 27, 2016An opinion piece co-authored by Vijay Govindarajan explains why launching new business opportunities in key Indian industries will require companies to have a mobile-first strategy and implement 4G technology.
Dec 23, 2016References an economic model by Emily Blanchard and co-authors Robert C. Johnson of Dartmouth's economics department and Chad Bown, senior fellow at the Peterson Institute for International Economics, in an article about the economic relationships the U.S. has with China and Mexico. Blanchard and her co-authors “estimate that about 11 percent of the value of goods manufactured in Mexico come from American-made inputs. With automobiles, the figure is 14 percent. With electrical equipment, it rises to 19 percent. For China, the numbers are a lot lower — about 2 percent on average,” writes The Washington Post.
Dec 19, 2016An opinion piece by Dean Matthew Slaughter about how President-elect Donald Trump's assumption that immigrants damage, rather than enhance, the prospects for U.S. workers couldn't be further from the truth. "Skilled immigrants tend to complement, not substitute for, native-born workers in U.S. companies," says Slaughter. "A recent ambitious study of hundreds of America's most innovative companies found that when these U.S. companies hire more skilled immigrants, their employment of native-born skilled workers rises as well."
Dec 19, 2016The end-of-year holidays are now upon us. In many parts of the world, in the days ahead children and adults alike will relish in giving and receiving gifts.
Dec 19, 2016Highlights the three-factor model of investment returns that was introduced by Kenneth French, the Roth Family Distinguished Professor of Finance, and his colleague Eugene Fama, Nobel Prize–winning University of Chicago economist, in an article that discusses when it’s time to retire a theory.
Dec 14, 2016In his latest piece for "Syd Weighs In," Sydney Finkelstein examines the consequences of living in a world that is curated by the use of algorithms. "As the new year approaches, think of it this way: As algorithms and artificial intelligence become better at predicting our needs and narrowing our focus, our ability to adapt and keep learning new things may become crucial to our value as people—in business and in life," writes Finkelstein.
Dec 13, 2016As a guest on Bloomberg’s “What’d You Miss?,” Peter Fisher, senior lecturer and senior fellow at the Center for Business, Government & Society, discusses the outlook for the Fed and the timing of the Fed rate hikes in 2017, the importance of monetary policy to investors, the impact of political risk on the markets, and the outlook for Japan's economy. "The fed is going to have to reflect that the economy is a littler firmer than it was in September, the labor market is a little tighter, and the inflation measures have moved a little further,” says Fisher.
Dec 12, 2016Matthew Rees, senior fellow at the Center for Business, Government & Society, opines on the future of progress and innovation. Rees concludes that improving the state of human societies— such as a rise in well-being and living standards—isn’t easy to do. “It requires a mix of enlightened public policy and enterprising human capital, as well as social and political stability and an ability to adapt to new ideas,” writes Rees. “Throughout history, societies have struggled to get this recipe right, and even today all sorts of obstacles—from opioids to Aleppo—are potent reminders that progress is not preordained.”
Dec 12, 2016Cites the paper “Spatial and Temporal Heterogeneity of Marginal Emissions: Implications for Electric Cars and Other Electricity-Shifting Policies,” co-authored by Erin Mansur in an article about how electric car emission impact is highly dependent on how the electricity is sourced.
Dec 06, 2016The Atlantic's "City Lab," cites the paper “Distributional Effects of Air Pollution from Electric Vehicle Adoption,” co-authored by Erin Mansur, the Revers Professor of Business Administration, in an article about whether electric-vehicles (EV) are truly better for the environment. “The co-authors mapped out the costs and benefits of EV adoption in terms of the emissions they put into the air—not only carbon dioxide, but also pollutants that affect local air quality, such as sulfur dioxide, nitrogen, particulate matter, and volatile organic compounds,” writes City Lab. “Unsurprisingly, the places with the greatest EV adoption rates got cleaner air as a result.”
Dec 05, 2016Slaughter and Rees offer three important reasons why President-elect Trump's browbeating of U.S.-based companies like Carrier is a misguided approach to rebuilding jobs in America.
Dec 05, 2016Cites the paper, “High-Skilled Immigration and the Rise of STEM Occupations in U.S. Employment,” co-authored by Dean Matthew Slaughter in an article challenging the narrative that visas let foreigners take Americans’ jobs at lower wages. “The study shows that the average foreign worker in science and technology jobs starts out making only slightly less than American-born workers—about 94 cents on the dollar,” writes The Atlantic. “But after working in the United States for five years, the average foreign STEM worker earns $1.04 for every dollar their American colleagues make.”
Nov 30, 2016“India is indeed a country on the move under bold leadership,” say Slaughter & Rees in response to Prime Minister Modi’s recent announcement banning the use of 500 and 1,000 rupee notes.
Nov 28, 2016Quotes Vijay Govindarajan in a feature article about Aravind Eye Care’s assembly-line approach to surgery. “Aravind Eye Care operates with a social heart and a business brain,” says Govindarajan. “They have the heart of a non-profit and the brain of a for-profit, apply modern management methods to dramatically lower costs while delivering world-class healthcare.”
Nov 21, 2016Quotes Punam Anand Keller about Tuck's Next Step: Transition to Business program, which is designed for veterans and elite athletes looking to make a move into the business world. “The goal is to help our participants focus strengths, translate experiences, and identify opportunities so they can land the excellent jobs they absolutely deserve,” says Keller.
Nov 21, 2016Other world leaders are not camped with TV cameras outside the Trump Tower to glimpse which possible cabinet members are coming and going. They are working with alacrity to build a better tomorrow for their citizens and for the broader world.
Nov 21, 2016Quotes Vijay Govindarajan about the problems facing Tata Group after the controversial dismissal of Cyrus Mistry as chairman of Tata Sons Limited. "First, the Tata group is always known for management excellence despite being family-owned. That is why the current leadership crisis stands out as an anomaly," says Govindarajan. "Second, this incident raises fundamental issues of corporate governance that all Indian companies must address going forward. Third and perhaps the most important is the distraction this crisis is causing at a time when the Tata group has to contend with many challenges like Brexit or the most recent US elections that have cast globalization in a different light. The last thing they need is a crisis at the top."
Nov 18, 2016