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Bonuses & arms races

Bonuses & arms races

There's an important economic principle behind the debate about bankers' bonuses. It's that individual self-interest sometimes conflicts with the collective interest.

Who should run banks?

Who should run banks?

Banking is different from any other business. At the heart of it are risks that cannot be eliminated, only managed. So those who run banks must be competent to manage those risks.

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Robert Flood and Miles Kimball on the Status of the Efficient Markets Theory - by @mileskimball

Another bid for global expansion suggests M&S has not learned past lessons -