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You Are Leaving Money On The Table: The Secrets Of Pricing

Oscar Wilde said that a cynic is a “a man who knows the price of everything and the value of nothing.” A startup CEO should know both. One of the most powerful levers a CEO has to impact profitability is pricing. Typically, a 1% price increase has more than twice the impact on profit of a 1% [...continue reading]

Economy Will Grow at 'Muted Rates'–Steve Schwarzman

Image via Wikipedia Courtesy of Craig Franklin, a Cornell MBA, following is a summary of an interview with Steve Schwarzman, CEO of private equity firm The Blackstone Group. LPs looking for more money back from illiquid assets, some nice exits. Blackstone plans to IPO 8 companies and sell [...continue reading]

What is valuable when so much is free?

(Bill McIntyre via Flickr) Chris Anderson's new book "Free" has restarted the controversy over pricing of goods, particularly digital goods. This led me to re-read Kevin Kelly's piece on "Better Than Free". He argues that "When copies are free, you need to sell things [...continue reading]

Free comics from the Federal Reserve: economics, banking, foreign trade, etc.

My wife and I just ordered some comic books from the Federal Reserve on topics that we think our children should learn about: - banking - monetary policy - currency - barter - checks and electronic payments - and most important to their future (sadly), inflation These comic books are useful [...continue reading]

Hedge fund investment patterns/quarterly reports/investment ideas/careers

Yaser Anwar, an unusually aggressive and career-savvy senior at York University, has a mailing list with interesting information about the current status of the markets, with a focus on hedge fund investing. He sends out content about twice a month. If you want to sign up for it, contact him at [...continue reading]

T. Boone Pickens Keynote at ACG Intergrowth

I took some notes on T. Boone Pickens' keynote talk at ACG Intergrowth: Wind is going to be a major source of energy for USA. Oil production is flat. We now produce 85m barrels/day. That's going to decline going forward at 8 pct. Wind is priced off the margin, which is natural gas. I receive [...continue reading]

Ian Bremmer- Hedging Political Instability for Insight and Profit

My colleague Scott Lichtman took notes on Ian Bremmer's talk Monday night at this past week's World Hedge Funds Summit . Dr. Bremmer's prediction that Rumsfeld would resign proved accurate within 48 hours. Ian Bremmer, President of Eurasia Group, and author of The J-Curve: A New Way to Understand [...continue reading]

Mohamed A. El-Erian, President & CEO of Harvard endowment, on the global economy

I went to a very worthwhile talk last night at the Harvard Club by Mohamed A. El-Erian, President and CEO, Harvard Management Company, which manages the $29 billion Harvard endowment (as of 6/30/06). The endowment has had consistently impressive performance. As background, I've posted on the blog [...continue reading]