News: Banks took big risks because that's what shareholders wanted, says Harvard Business Review's Justin Fox. Equity holders only lose a little if a firm goes bust, he says, but they can reap huge rewards if it does well. So shareholders have every incentive to push executives at highly leveraged firms to take big risks, and executives with big equity stakes have every incentive to take those risks.

52 days ago - SeekingAlpha.com: Market Currents

Banks took big risks because that's what shareholders wanted, says Harvard Business Review's Justin Fox. Equity holders only lose a little if a firm goes bust, he says, but th...

News: Banks Took Big Risks Because Shareholders Wanted Them To - Justin Fox - Harvard Business Review http://stk.ly/cKZJ0T $$

52 days ago - Financial Commentary StockTwits Updates

Banks Took Big Risks Because Shareholders Wanted Them To - Justin Fox - Harvard Business Review http://stk.ly/cKZJ0T $$

News: The Business podcast: The public spending axe and Justin Fox

65 days ago - Business: Economics | guardian.co.uk

As promised, the coalition government outlined more than £6bn of immediate spending cuts to reduce Britain's £156bn fiscal deficit. Justin Fox tells us how useful markets ar...

News: Link exchange

77 days ago - The Economist: Free exchange

Free exchange Recommended economics writing ...

News: Why Target Goldman? Because That's Where the Money Is - Justin Fox - Harvard Business Review http://stk.ly/ax7p3h $GS

93 days ago - StockTwits Updates: GS

Why Target Goldman? Because That's Where the Money Is - Justin Fox - Harvard Business Review http://stk.ly/ax7p3h $GS

News: Books in the Queue

104 days ago - The Big Picture

Not too long ago, I finished Justin Fox’s Myth of the Rational Market. I’m about halfway through Scott Paterson’s The Quants. I have the following lined up i...

News: Books in the Queue

104 days ago - The Big Picture

Not too long ago, I finished Justin Fox’s Myth of the Rational Market. I’m about halfway through Scott Paterson’s The Quants. I have the following lined up i...

News: Books in the Queue

104 days ago - The Big Picture

Not too long ago, I finished Justin Fox’s Myth of the Rational Market. I’m about halfway through Scott Paterson’s The Quants. I have the following lined up i...

News: Books in the Queue

104 days ago - The Big Picture

Not too long ago, I finished Justin Fox’s Myth of the Rational Market. I’m about halfway through Scott Paterson’s The Quants. I have the following lined up i...

News: Simon Johnson: '13 Bankers': Beware Of Banana Peels

113 days ago - Business on HuffingtonPost.com

According to many observers, the global financial system and economy slipped on a world-historical banana peel, causing the recent financial crisis and the most sever...