Showing posts from 2016

Microsoft's $26 Billion Acquisition of Linkedin; What it means; Meeting Linkedin's VP of EMEA

You arrive on your first day at a new job, you're ushered into the induction room for your first day of training. The first thing the HR Director tells you is that they know you will leave the company one day. This seems strange, but is exactly what happens on your first day at Linkedin. Reid Hoffman, the CEO, in his book 'The Alliance' says that the days of the 'Company man', where you could be expected to work at the same organisation for 30 or more years are long gone.
Nowadays, Reid sees a job more as a Military 'Tour of duty'. The Company needs your skills to fulfill certain problems they have. Once you have completed that you are on to the next job solving the next set of problems. Apparently Linkedin has lots of great data showing that employees leave companies!
 A few weeks ago I attended an Audience with Linked organised by Sandy Pepper, a Management Professor at the LSE. He as plenty of real world experience since prior to this position he had a …

The Euro: How a Common Currency Threatens the Future of Europe

The Euro: How a Common Currency Threatens the Future of Europe by Joseph E. Stiglitz
My rating: 4 of 5 stars

I went to see Professor Stiglitz talk at the LSE a few months ago and that's when I purchased this book, which I also got Joseph to sign for me. I've enjoyed quite a few of his books before including 'The Roaring 90's' about the boom in the Economy in that decade.

This is compelling reading. He shows that even the Success story of the European Union, Germany, has only had fairly anemic growth since the European monetary union was formed. You can see this demonstrated here:

At the other end of the spectrum, you have crumbling economies like Spain, Portugal and particularly Greece that according to Stiglitz are being decimated by the austerity measures imposed on them by the EEC and heavily enforced by member States like Germany.

The book made me feel better about Britain's decision to leave the European Union. Tho…

The Economics of Persistent Slumps

This week I went with a friend to the Philips lecture  at The London School of Economics and Political Science (LSE) with Professor Robert Hall of Stanford University, originator & author of ‘The Flat Tax’   & one of the founders of Macroeconomics (author of one of the first books on the subject and now the standard University textbook on Macroeconomics  The gist of the lecture was how productivity has declined in the USA. Areas of concern included the rapid fall in the Labour participation rate, which has now started to affect women (who previously were increasing in the labour force quite rapidly) too.

The biggest surprise here is that almost all of the decline in the Labour force is in the top levels of income and education.

Almost all the Labour participation shrinkage in the US Economy is from the richest and most highly educated sectors

 Professor Hall calculated that US GDP would be approximately 15 percentage points higher if this and a few more minor issues were addressed…

Has Venture Capital finally arrived in Europe ?

Now that I'm back in London after 10 years working and studying in the USA, its fortuitous that my office is a stone's throw away from my Alma Mater, The London School of Economics. They have regular lectures and recently I decided to go back to attend one on Venture Capital in Europe. The LSE Finance Department invites me to these from time to time. There was quite an interesting bunch gathered in the Conference room, including my neighbour, a Consultant at KPMG specialising in due diligence accounting for Venture Capital. The host for the evening was Ulf Axelson, who is the Abraaj Group Professor in Finance and Private Equity at the London School of Economics and the director of the Financial Markets Group. LSE has just started a Master’s degree in Private Equity Which He now runs. Right away I learnt a new word - 'Decacorn' - it's like a Unicorn (Tech start-up that reaches the 'magical' $1 Billion valuation) but instead it reaches the even more magical …