By SIMON CONSTABLE
Earlier this week Her Majesty the Queen became Britain’s longest reigning monarch. Whether or not you support a monarchy there are things to learn from her, especially if you are in a leadership position.
Since becoming Queen in 1952 at the tender age of 25 she has dedicated her life to serving the people of Britain and the commonwealth. It’s not about her, it’s about what she can do for her people. Read more here.
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By SIMON CONSTABLE
NEW YORK (TheStreet) -- Harvard's $32.7 billion endowment would generate significantly lower returns if climate-change activists convince the university to abandon fossil fuel investments, according to a new study.
Such a strategy might cost more than $100 million a year, according to the report, which was commissioned and financed by the Independent Petroleum Association of America. It examines the effects of divestment on five universities with large endowments and indicates cutting out those stocks would have "material impacts" on the ability of the portfolios to meet schools' funding goals. Read more here.
By SIMON CONSTABLE
Bank research reports frequently refer to “tail risk” for investors, but it isn’t always clear what it means and what to do about it.
Broadly speaking, a tail risk is an event with a small probability of happening, says Bob Conroy, professor of finance at the University of Virginia Darden School of Business. “In every event there are tails; there are really, really good things that can happen and really, really bad things.”
The term comes from looking at the bell curve, or so-called normal distribution of results. The tails of the bell curve extend out to plus or minus infinity with ever-decreasing probabilities. Read more here.
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