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Investment Strategies - Course Catalog

bonds outstanding. Every day, public markets set prices for CEOs and CFOs, financial institutions, and investors, all seeking to raise and invest money in a way that drives the economy forward. A public exit - whether through an initial... View Details

09 Jan 2006
Research & Ideas

Rebuilding Commercial Real Estate

viewed as a new asset class that competes with stocks and bonds for investment capital. It earned that newfound status on the strength of market-stabilizing structural changes that took root after the last crash. "Everything we do... View Details

Keywords: by Roger Thompson; Construction; Real Estate

01 Aug 2016
Blog Post

Reflecting on the Value of an MBA

underlying stock will go up in the future. But you're never really sure -- because the stock price could just as easily go down. The higher the volatility of the stock, the... View Details

18 Nov 2010
Research & Ideas

GM’s IPO: Back to the Future

place in the private sector, the owners would probably hold the stock until the company was in robust health. The realized price on the stock would then in all likelihood be... View Details

Keywords: by Staff; Auto

23 May 2017
First Look

First Look at New Ideas and Research: May 23, 2017

patients, and 12% of total Medicare spending are associated with physician beliefs unsupported by clinical evidence. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=49218 Stock Price... View Details

Keywords: Carmen Nobel

17 Feb 2003
Research & Ideas

Rating Fund Managers by the Company They Keep

have tried to make use of knowledge about the stocks a given fund holds. What is unique in our work is that in rating each fund, we look at the overlap between that fund's holdings and the holdings of every other fund. We expect a fund to... View Details

Keywords: by Ann Cullen

27 Nov 2013
News

No Bologna, Please

into Panera," he told the HBS Alumni Bulletin in 2004. "As we went through a year-and-a-half of divestitures, our stock sank to a split-adjusted $3 a share. Those were not happy times." Today, Panera's share View Details

Keywords: Hanna, Julia; Food Services and Drinking Places; Hospitality

01 Dec 1997
News

"Economists are puzzle solvers..."

valuation. I looked at what they were doing and came up with an alternative - some say more robust - way to derive the formula that has since turned out to have very wide applicability. But at the time, the work only had direct implications for View Details

01 Mar 2004
News

Protecting against the Erosion of Brand Value

When Barnes & Noble rolled out a line of “store-brand” classic books last summer, the publishing industry gasped.The company aimed to provide consumers with high-quality books at prices significantly below what they would pay from... View Details

Keywords: Publishing Industries (except Internet); Information

10 Jul 2000
Research & Ideas

The State of the Markets

and the United States: Dr. Werner G. Seifert, chairman of Deutsche Borse (the German Stock Exchange) and an architect of the planned merger between his Frankfurt-based organization and the London Stock... View Details

Keywords: by James E. Aisner

06 Feb 2006
What Do You Think?

Should CEOs of Public Companies Offer Earnings Guidance?

an average -3.6 percent three-day return around the announcement to stop guidance. . . . After the elimination of guidance, stock prices lead earnings less, but there is no change in overall View Details

Keywords: by James Heskett; Financial Services

May 2009
Teaching Note

Nextel Partners: Put Option (TN)

By: Timothy A. Luehrman

Teaching Note for [207-128] View Details

Keywords: Business and Shareholder Relations; Voting; Price; Public Ownership; Valuation; Financial Liquidity; Stock Options; Management Practices and Processes; Telecommunications Industry

Citation

Purchase

19 Sep 2011
Research & Ideas

Doomsday Coming for Catastrophic Risk Insurers?

"That's not great protection, but at least it's some coverage. But for really devastating kinds of large losses, the coverage levels actually fall from there. They should continue to increase, but don't—and even fall for the most devastating events." View Details

Keywords: by Maggie Starvish; Financial Services

23 May 2016
Research & Ideas

A Little Understanding Motivates Copyright Abusers to Pay Up

on moral grounds, since they don’t feel they did anything wrong. The problem is a big one for stock photo agencies—not just because of loss of revenue but also because unchecked abuse cuts into future business by motivating some violators... View Details

Keywords: by Michael Blanding; Media & Broadcasting; Publishing

29 Jan 2019
News

Seth Klarman on the Critical Value of the Long View

amounts of greed and nothing good happens—which isn’t fair and isn’t true,” Klarman told the magazine. “I’m not on Wall Street, I’m in Boston, but you’re tarred with that brush.” The article notes Klarman’s displeasure in watching investors’ increased focus on boosting... View Details

11 Dec 2012
First Look

First Look: Dec. 11

network-based technologies, and for the median technology, the frequency of interactions decays by 73% every 1000 kms. Overall, we document the significant role that geography plays in determining technology diffusion across countries. Download the paper:... View Details

Keywords: Sean Silverthorne

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William Donaldson | Baker Library | Bloomberg Center | Harvard Business School

Full Transcript (PDF) William “Bill” Donaldson, HBS 1958, was one of the founders of Donaldson, Lufkin & Jenrette (DLJ). In the late 1950s, a new breed of institutional fund manager required higher quality research on firms’ projected View Details

29 Apr 2014
First Look

First Look: April 29

Publications August 2013 Journal of Financial Economics X-CAPM: An Extrapolative Capital Asset Pricing Model By: Barberis, Nicholas, Robin Greenwood, Lawrence Jin, and Andrei Shleifer Abstract—Survey evidence suggests that many... View Details