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Showing posts with the label 2014

Bitcoins: Embrace or Beware?

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A fad or the real deal? Let's not beat around the bush about Bitcoins, the digital currency that has stirred up the financial world the past year or so.     Bitcoins are a virtual currency, now accepted by some merchants and commercial enterprises as a form of payment for services or products. Because Bitcoins have a fluctuating market value, many try to exploit price volatility and treat Bitcoins as an investment--similar to investors who might purchase foreign currencies with hopes that volatile swings will result in handsome profits. However, most participants are still not sure how Bitcoins came to be, who or what oversees the marketplace, and where all this is headed.   Let's be real. Any purchase or investment in Bitcoins is a speculative investment.   Uncertainty, volatility and mysterious (or mystical?) origins offset confidence prudent investors or users for payment purposes might have in its legitimacy.   As we saw in late 2013 when the Chinese govern...

What Will 2014 Bring?

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Equity markets: More of the same in 2014? If the year 2013 ended with moods, markets and sentiments on an upswing, what's on deck for 2014 ? What will happen in the upcoming year? What is the agenda for banks, investment managers, hedge funds and an assortment of institutions in financial services? Let's first sort through equity markets . Last year, we saw blockbuster returns--over 25%, depending on the index you follow. There were the usual dips, dives and concerns, but by autumn, equity markets continued to edge upward. Anybody's diversified portfolio of stocks performed well. The upbeat markets reflected perceptions by many (traders, investors, bankers, et. al.) that we had climbed out of the financial crisis, that the economy had finally reversed course, and that we could confidently move on. But market returns above 20%, for some portfolio managers and investment gurus are nothing to rave about. They become headaches, causes for concern.  Are we headed toward another ...

Yale SOM Gets a New Look

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Yale SOM's Evans Hall opens up in January (NH Register photo) Yale School of Management , one of the Consortium 's 18 schools, is opening up a new campus facility, Evans Hall, in New Haven in mid-Jan., 2014.  The school will launch the new state-of-the-art building with receptions, lectures, presentations and celebrations of what has made Yale SOM special and unique among the panoply of business schools. The week's theme is "Leadership in an Increasingly Complex World." The new campus will feature the marvels of business-school technology and covers 242,000 square feet, at a cost of $240 million, much of which was made possible by benefactor Edward Evans, who was an undergraduate student at Yale and later CEO of Macmillan, Inc., the publishing house. Besides interview rooms and three libraries, it will even have a student gym and entertainment space. Yale's dean, Edward Snyder, migrated to Connecticut in 2011 from Chicago's Booth School of Business. In the...