Share to Twitter Share to Linkedin Would you be surprised to learn that more than a third of adults in the U.S. say they have lied to a partner about their finances? According to a recent study , this includes everything from stretching the truth about spending, to job-related earnings, and the value of savings and investment accounts. The study by Forbes Advisor and Prolific that found that: 38% of adults have lied to a partner about their finances Women are more likely to lie about their savings than men Men are more likely to lie about investments than women However, 54% of the men and women surveyed did agree that lying about finances is equivalent to other kinds of lying or infidelity. And 70% believe that someone saying they have more money than they actually do is more egregious than someone saying they have less than they do. Below is the percentage of survey respondents who say they have lied about their finances and which topics … [Read more...] about Are You Guilty Of Financial Infidelity?
Shareholding pattern of bajaj finance
SVB, The Banks, The Economy, And The Market
Share to Twitter Share to Linkedin What happened with SVB, and what is happening with banks? On March 10, the Federal Deposit Insurance Corporation (FDIC) closed Silicon Valley Bank (SVB) and Signature Bank. You may have seen that investors are concerned about First Republic Bank, and that UBS has acquired Credit Suisse – a Swiss bank. The failures of SVB and Signature (and current concerns about banks generally) illustrate a fundamental banking problem – a mismatch of expectations between bank depositors and bankers. Depositors want to be sure that their money is safe (as safe as money in the bank!). They subconsciously think that their bank is holding their money for them, when in fact they have lent their money to their bank. Bankers earn profits by relending their customer’s deposits. However, bankers do not say to depositors, “we earn profits by lending (and taking risks with) your deposits.” They simply announce the interest rate that they … [Read more...] about SVB, The Banks, The Economy, And The Market
In Times Of Disruption, Strengthen The Role Of The Board
Share to Twitter Share to Linkedin By Jordi Canals (IESE Business School) When activist investor Nelson Peltz recently called off his proxy fight to join Disney's board of directors, it signaled the end of one of the fiercest corporate battles in years. The conflict pitted Peltz against Bob Iger, a respected chief executive recently reinstated at the top of the entertainment behemoth. The proxy fight concerned criticisms of Disney's business decisions (especially its $71 billion acquisition of 21st Century Fox) and a push by Peltz for the company to reinstate its dividend. But it also reflected concerns on the disruption occurring in entertainment as audiences flock to streaming options. The Disney upheaval is just one prominent instance of boards struggling to act effectively as corporate stewards in our current era of accelerated change and radical transformation. It's high time for boards to improve their effectiveness. In my … [Read more...] about In Times Of Disruption, Strengthen The Role Of The Board
The Truth About Data-Based Decision Making By The Fed
Share to Twitter Share to Linkedin As we await the all-important decision today of the Federal Reserve on whether to raise interest rates by 25 points, or 50 points, or perhaps not at all, we know one thing for sure: we will hear the phrase “data-based decisions” a great many times. This is just as in ancient Roman times, when, before taking important actions, especially in battle, Romans conducted animal sacrifices to discover the will of the gods according to the information gathered through reading the animals' entrails. The entrails conveyed a large number of signs that were said to convey the gods' approval or disapproval. The actual decision was of course based on the will of the those in charge: the animal’s entrails were a convenient prop to get acceptance of the eventual decision. So also, in modern times, “data-based decision-making” may be used conceal the fact that the economic data is fundamentally ambiguous. In March 2023, the economy is … [Read more...] about The Truth About Data-Based Decision Making By The Fed
Shin Dong-bin reappointed internal director of Lotte Chilsung Beverage
Shin Dong-bin [LOTTE] Lotte Group Chairman Shin Dong-bin was reappointed an internal director of Lotte Chilsung Beverage at a general shareholder meeting on Wednesday. Shin was appointed as an internal director in 2017 but withdrew from the position in 2019 after receiving a suspended jail sentence of 30 months for bribery. The chairman is currently on the boards of Lotte Group, Lotte Confectionery, Lotte Chemical and Canon Korea. Shin’s return to the board for Lotte Chilsung Beverage signals a move for “speedy decisions on global investment, mergers and acquirement and business expansion,” according to the beverage company. Lotte Chilsung Beverage CEO Park Yoon-ki and Chief Finance Officer Song Hyo-jin have also been reinstated as board members. “The company will strive to form a portfolio for well-being and healthy lifestyle, secure future growth propellers and implement management values that align with environmental, social and corporate governance,” Park said. BY … [Read more...] about Shin Dong-bin reappointed internal director of Lotte Chilsung Beverage
Paula Crown Reveals How She Straddles Art And Business At The Little Nell
Share to Twitter Share to Linkedin Paula Crown is no stranger to business, and she is no stranger to art. In her world, she masters both. On one end, she is an accomplished artist, sits on the board of the Museum of Modern Art, and was appointed by Barack Obama to the President’s Committee on the Arts and Humanities. On the other end, she graduated from Duke Magna Cum Laude, and was a VP at Salomon Brothers before she joined a family-run investment firm. These days, she helps oversee The Aspen Skiing Company and run Aspen’s The Little Nell hotel as a co-owner and shareholder to both these Crown family businesses. The incorporation of art and design into her hospitality business is based on the idea that environments should engage and ensconce people with the importance of art, but without the alienation it sometimes brings. Hotels, after all, are in the business of welcoming people, whereas art has a very do not touch quality. “When I think about the … [Read more...] about Paula Crown Reveals How She Straddles Art And Business At The Little Nell
The real reason more women and people of color suffer from imposter syndrome
When you’re growing up, you progressively get more confident in your ability to do difficult things: read a harder book, play a tougher sport, or join the conversation at the grown-ups’ table. But anyone who’s been a teenager knows that learning and confidence curves are not linear—nor do they always run in parallel. In fact, for many people, the more you progress, the more you start to question your achievements. “Is it really because I’m talented? Or is it just luck, over-preparation, or even privilege?” somebody . I didn’t necessarily question whether I belonged, but I definitely felt intimidated by the atmosphere and the accomplishments of all of my classmates. It felt like everyone was always one step ahead of me, which led to a lot of self-questioning at night while living away from home at the age of 15. When I went to Yale, I encountered a variation on this theme. I always had this thought that people perceived me as a basketball player first and a student … [Read more...] about The real reason more women and people of color suffer from imposter syndrome
Can AI Replace Human Curiosity?
Share to Twitter Share to Linkedin Founder of Intellisystem Technologies . Scientific researcher and professor at eCampus University. NASA Genelab AWG AI/ML member. Artificial intelligence (AI) is an excellent and rapidly growing field that involves the development of algorithms and systems that continuously tend to perform tasks that typically require human intelligence. AI systems can process vast amounts of data, identify patterns, make predictions and automate repetitive tasks. Recent years have seen a rapid advancement in AI capabilities, resulting in its adoption across various manufacturing and finance industries. Despite the impressive capabilities of AI, it is essential to recognize that it still has limitations. While AI systems can process vast amounts of data and make predictions, they need more independent thought and creativity, often essential for scientific exploration and discovery. In this article, I will explore the … [Read more...] about Can AI Replace Human Curiosity?