Mr. Steyer was a founder and says the sucession has taken the last 5 years or so. Perhaps that’s why he will leave the firm by year-end so completely, not retaining a Board seat or anything of the sort. For background, I’ve posted about Mr. Steyer a year ago.
We have a follow-up article related to a previous post that I am very proud of – “Invaluable art and analysis”, written on October 2011. As with many posts I’m proud of since 2009, this one was started by someone else – who read the original New Yorker article, linked it with a film he had seen and sent me the material. I then linked it with other subjects and finished it. Back to the post at hand, it’s about incentives, “knowledge” vs. “expertise”, analysis, investigation… the fact that it’s set in the art market is irrelevant – actually, if it makes the subject easier to grasp, great.
The cost of NOT having a global view of business, investing and most anything else is increasingly steep. We highlight a very interesting article in the Financial Times about how the study of business is very US-centric – and how we can all gain from “fresher fables” in business education.
Financial Times: “Brokers trying to hawk Brazilian shares to international fund managers in New York and London have had a tough time of it recently. (…) ‘The question we always get is what will be the next sector in which the government plans to intervene?’ says one analyst with a foreign bank.”