Bruce C. N. Greenwald
Auteur van Value Investing: From Graham to Buffett and Beyond
Over de Auteur
Bruce C. N. Greenwald is the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University Graduate School of Business.
Werken van Bruce C. N. Greenwald
Three Sources Of Value 1 exemplaar
Capitalism Demystified 1 exemplaar
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- 8
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- 305
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- #77,181
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- 3.7
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- 1
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- 2
Local factors, better: local choices are much powerful than global factors or globalization as single entity. For example, the so called BRIC countries perform much better nowadays under same global conditions. Other factors need to be uncovered. Many sectors like healthcare, education, social arrangements, government, food distribution, services have a local focus: products & services are made, offered and consumed locally. Energy, telecommunication, utilities are all delivered locally too.
Globalists exaggerate their influence, while anti-globalists, present at top meetings to demonstrate, may have other concerns than pure economics. The authors present a 4 years economics graduate level education in 1 book. I was happy to be familiar with all factors researched (e.g. wages, profitability, economies of scale, barriers & tarriffs, competitive advantages, global branding, information asymmetry, moral hazard, Marshall Plan, Bretton Woods, Gold Standard, investments, savings, currency exchange rates, productivity measurements, IMF and World Bank).
Written in 2008 at the dawn of the current economic crisis, the authors draw many lessons from the past centuries, rather than trusting news networks anchormen or latest hypes. In the final chapter they finally leave the field of economics and pay attention to other global problems like the environmental change, terror and diseases.
I used the 5-disc (6+ hours) audio book edition of the book to absorb its message to many of us working in services oriented (local) economies: have no fear that someone in China will take your job.… (meer)