“Working at a research university, … , it has no mission, …, incredible waste of resources, is that what you want your business to be?” Aswath is so savage haha I love it
If beating the hurdle rate is harder, all it means is that share capital is less valuable than it was before. Investment is easier than it’s ever been and it’s getting easier, so a larger pool of capital - and an exponentially larger pool of capitalists - are chasing similar returns. It’s not just business itself that’s become more competitive, the investment pool supply has become more crowded. I don’t know if that’s “depressing”, although it does mean that genuinely competitive businesspeople are few and far between. This was a really colorful way of describing the contemporary corporate share market, thank you.
I really enjoy your lectures thank you! however, I'm confused at 14:28 you said that Eastern Europe and Russia are the most profitable and your reasoning makes sense but I thought based on the numbers that Africa and Middle east are more profitable? Correct me if I'm reading it wrong :)
We're scrambling for the scraps of the table as stakeholders. And acting as the shareholders are getting the gigantic slice of the pie and saying I want that, strikes me as delusional.
“Working at a research university, … , it has no mission, …, incredible waste of resources, is that what you want your business to be?” Aswath is so savage haha I love it
If beating the hurdle rate is harder, all it means is that share capital is less valuable than it was before.
Investment is easier than it’s ever been and it’s getting easier, so a larger pool of capital - and an exponentially larger pool of capitalists - are chasing similar returns. It’s not just business itself that’s become more competitive, the investment pool supply has become more crowded.
I don’t know if that’s “depressing”, although it does mean that genuinely competitive businesspeople are few and far between.
This was a really colorful way of describing the contemporary corporate share market, thank you.
I so in awe and grateful for your generosity and wisdom professor 🙏🙏🙏
Thank you, professor. Very interesting and enjoyable talk.
Excellent! Thanks Prof!
Really appreciate your sharing, always insightful and helpful.
Another excellent presentation!
Well said!
"the Milton Friedman view of corporate finance"😄😄
I really enjoy your lectures thank you! however, I'm confused at 14:28 you said that Eastern Europe and Russia are the most profitable and your reasoning makes sense but I thought based on the numbers that Africa and Middle east are more profitable? Correct me if I'm reading it wrong :)
I think maybe because that part of world has more dictators? dictatorship equals monopoly and high profits.
We're scrambling for the scraps of the table as stakeholders. And acting as the shareholders are getting the gigantic slice of the pie and saying I want that, strikes me as delusional.
Conclusion? Stock market resembles a casino for most industries and we live more and more in "metaverse", because we wished for that.
Maximizing stakeholders wealth will end up exactly the same like communism did.