RSM100Y1 Lecture 8: integrative thinking
Document Summary
Michael dell said he wanted to go private. If you buy all the shares, you can make all the decisions: corporate debt is cheaper right now in any form of financing. Uk: mark carney fit to become the new chair for the national bank of england. Ge (jack walsh: rate of return: billion first, tell your biz to be really big; second, tell your biz to be really small too big: too many subsidiaries; can"t use money efficiently. Entrepreneurs: more innovated, focus more on growths. Model: idealized representation of something; exists to explain something to us. We substitute our models for the original. Models matter so much b/c we make our decisions on them; we act overly confidently on them investors in a stock market think their decisions based on the model. Ex: there were strong belief on mortgages, but most of mortgages were toxic.
