Posted in Alumni in the News, QOTD on Nov 20th, 2009
“In a complicated task involving critical decisions, working with good partners and listening to them is almost always better that working alone. Somehow, the group process ensures that most bad ideas are weeded out, even if their owners shout and cajole, while ideas that make sense influence the group’s opinion, even if their owners speak [...]
Success in the business world is less about brains and more about developing people, Richard Kovacevich, MBA ’67, chairman of Wells Fargo, told a Stanford Business School audience.
STANFORD GRADUATE SCHOOL OF BUSINESS — Wells Fargo Chairman Richard Kovacevich recalls that one of the most crucial business lessons he learned at Stanford came on the baseball [...]
Posted in News on Nov 3rd, 2009
The Venture Capital industry has had a tough year but the firm Greylock Partners, has put together a new $575 million fund, one of the biggest to be created in the last year. A New York Times article goes on to say “The venture industry has been pummeled in the last year by dismal conditions [...]
Hermitage Capital Management went from $25 million to $4 billion by investing in undervalued Russian companies. Today its founder, Bill Browder, MBA ‘89, says anyone investing in Russia long term “is out of their mind.”
STANFORD GRADUATE SCHOOL OF BUSINESS —In the world of investing, few can boast a personal saga as colorful and dramatic as [...]
Posted in Alumni in the News, QOTD on Oct 29th, 2009
“How do you rebel against a family of Communists? I rebelled by putting on a suit and tie and becoming a businessman.“
–Bill Browder, MBA ‘89, CEO of Hermitage Capital Management. He is the grandson of Earl Browder, a union organizer from Kansas who went to Moscow in 1927, married a Russian, and became the head [...]
Posted in QOTD on Oct 16th, 2009
“The term ‘emerging markets’ is obsolete. They represent half of the world’s economy; their financial markets are large and liquid, with volatility, corporate governance, and government policies very similar to those of developed markets. . . . There is, however, one measure that highlights a clear and continuing distinction between emerging and developed markets: growth.”
– [...]
Posted in News on Oct 10th, 2009
Nobel Laureate and GSB professor emeritus William Sharpe told an audience at Stanford that they shouldn’t place too much weight on what financial experts predict.
In a darkly funny discussion on the current financial crisis, Sharpe reminded the audience that “Financial people did what financial people do. They took a lot of risks so if things [...]
Posted in Research News on Oct 3rd, 2009
Just hearing about the economic chaos of an economic bubble with over-hyped and overvalued stocks won’t necessarily save investors from future economic disaster. First-hand experience appears to be necessary to avoid future bubbles say researchers.
STANFORD GRADUATE SCHOOL OF BUSINESS—Investors who lived through the dot-com bubble are unlikely to forget it. But although the still-raw details [...]
Posted in QOTD, Stanford Business magazine on Jul 8th, 2009
“I stumbled into my 25th Stanford Business School reunion over the weekend somewhat chagrined by the fact that my pockets are relatively empty a quarter of a century after I graduated from this august institution,” wrote Chip Conley, MBA ‘84. But he found that “misery truly does love company” and left the reunion feeling “a [...]
Posted in QOTD on Jul 3rd, 2009
“What will I say if my daughter asks me, ‘How can I make sure my life is financially secure?’ I would have to pause before I answer. I would have to consider that in all likelihood she won’t live to see true workplace equality. But her life matters now. So I will have my own [...]
