(strategic) Lethargy

(strategic) Lethargy Download PDF Scientist and philosopher, Blaise Pascal, extoled in the year 1654 what a majority of investment management professionals still can’t understand: ‘All of humanity’s problems stem from man’s inability to sit quietly...

Second Order Thinking

Second Order Thinking  Download PDF  “First-level thinkers think the same way other first-level thinkers do about the same things, and they generally reach the same conclusions. By definition, this can’t be the route to superior results. The problem is that...
The Concept of Time Inconsistency

The Concept of Time Inconsistency

The Concept of Time Inconsistency Download PDF  In economics, time-inconsistency is the problem that arises when a decision maker, especially a policymaker, prefers one policy in advance but later enacts a different one. Deciding among alternative policies at...
The Low Global Inflation Rate Environment

The Low Global Inflation Rate Environment

The absence of inflation is a source of concern as it leaves nominal interest rates low and makes encounters with the zero lower bond. In the years following the financial crisis, global inflation has been stuck, more particularly in developed countries The Low Global...