Most financial engineers believe that it’s impossible for a machine, left to its own devices, to beat the stock market. The data is too noisy, too random to be predictable. Observable trading records are limited to the past hundred years, and the law of averages is relentless. Any signal that is obvious enough to exploit absent inside information—barrels of oil priced nearly free, for example—will quickly be discovered and eliminated by competitors. While some quantitative hedge funds use algorithms to make high-frequency trades, they must frequently be reprogrammed and refined. … [Read more...] about Can an artificial intelligence learn to beat the stock market?
Construction materials alone, including carbon and steel, contribute 11% of global carbon emissions (by comparison, air travel contributes about 2.5%). That’s why architects and development companies around the world are opting for a novel but not-so-new solution: wood. A study from the Potsdam Institute for Climate Impact Research, in Germany, found that with proper forest management, a global boom in wood buildings could sequester up to 700 million tons of carbon a year (wood naturally stores carbon, preventing it from being released into the atmosphere). The idea is catching on: Google’s Sidewalk Labs has proposed a 12-acre timber neighborhood in Toronto, while in February, France mandated that all public buildings after 2022 be constructed of at least 50% wood or other organic materials. The University of Arkansas completed the largest timber building in the U.S. last fall, a 202,000-square-foot dormitory. Architects (and governments) are embracing the material and … [Read more...] about These three timber buildings could represent the future of green architecture
To exist and then to thrive, a company needs to be more than just profitable. Its success is linked to intrinsic values, whether the company wants it to be or not. Whether a company chooses to compete ethically or not has consequences–some intended, some not. One of these deeply personal consequences is how you feel about yourself, even if you don’t articulate this to yourself every day as you leave the office to head home. To “compete” against some ethical standard is not to abdicate your company’s competitive edge. It is not to say that your firm gets top marks for integrity while having its lunch eaten by competitors, who may not be quite as evolved. Demanding conduct consistent with high ethical standards does not preclude business excellence. On the contrary, sustained business success is possible only when competence coincides with fair play. Even Ponzi schemer extraordinaire Bernie Madoff could not sustain his unbelievable success absent at least … [Read more...] about 4 Rules To Craft A Mission Statement That Shapes Corporate Culture
About a decade ago, the story of sahti captured Jennifer Glanville’s imagination. As the brewery manager at Samuel Adams in Boston, she creates 60 new beers every year alongside a team of 25 beer makers. Eager to re-create sahti, she learned that the original brewers would age the beer on a bed of juniper branches with berries still attached. Glanville and another female brewer managed to replicate this process and produce a citrusy sahti that was an instant hit with early tasters. For years she had made just enough of her brews to serve visitors to the brewery and coworkers. But Sam Adams released Glanville’s sahti as a limited edition nationally in 2011, under the name Norse Legend. … [Read more...] about Sam Adams’s Secret Weapon For Winning Back The American Craft Drinker
With an unprecedented number of people looking for new opportunities, from recent graduates to seasoned professionals, now is a great time to focus on making smart hires. In fact, as reported by The Muse, companies across industries are already advertising new job openings: from Facebook and Squarespace to Deutsch Bank and Unilever. For its part, online juggernaut Amazon will spend $350 million to increase pay globally and also will hire 100,000 new employees in the U.S. … [Read more...] about Outstanding talent is waiting for you. Why now is the time to snap up new hires