Remove Banking Remove Cash Flow Remove Metrics Remove Operations
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Winning Isn’t Everything: The Art of Playing Well

Tom Spencer

Companies that operate with integrity are more likely to build sustainable business models, which ultimately benefit the company, its employees, society, and the environment. Investment banks made huge profits along the way, and often knew that these securities were overvalued and going to fail.

Ethics 78
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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business

Since then, we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks who follow technology companies. Business students are taught to value a company based on the discounted amounts of future cash flows or earnings.

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A Blueprint for Digital Companies’ Financial Reporting

Harvard Business

In a follow up HBR article , we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks and distilled seven key insights from those discussions. The level and trend of a company’s top-line metric is an advance indicator of the success of its business model.

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Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect

MishTalk

The fact that profits as a share of GDP are more than 70% above their historical norm should immediately raise a question as to whether current year earnings or next year’s projected “forward earnings” should be used as a sufficient statistic for long-term cash flows and equity market valuation without any further reflection.