Tag Archives: investment

The Art of Banking: a joke (i.e. an insight) from Wall Street

An old Wall Street joke tells about a junior financial journalist that naively asked the manager of investment banking division: “Why do customers keep buying mutual and provident funds despite their scant profits and low yields?” The senior financier amusedly looked … Continue reading

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The potential and the limitations of venture capital as a source of funding for clean energy.

If venture capital’s role in clean energy is to be more transformative in creating a sustainable society then the trends revealed in this (free access) paper must gain momentum, but whether these trends will continue to gain momentum is not … Continue reading

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The Sense of Dissonance: Accounts of Worth in Economic Life

David Stark argues, firms would often be better off, especially in managing change, if they allowed multiple logics of worth and did not necessarily discourage uncertainty. In fact, in many cases multiple orders of worth are unavoidable, so organizations and firms … Continue reading

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Values and Networks: Former Classmates invest in the Same Stocks

“Is College a Focal Point of Investor Life?” (free access) is an interesting article published in Review of Finance by Massimo Massa and Andrei Simonov, in which they analyze the link between college interaction and portfolio choice. The researchers consider both the general imprinting … Continue reading

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Codes of Finance: Engineering Derivatives in a Global Bank

Investment banks are enormously important, yet few social scientists have been inside them. Vincent Antonin Lépinay (MIT), a former bank employee, presents in his new fine book Codes of Finance: Engineering Derivatives in a Global Bank rich and fascinating ethnography, taking … Continue reading

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