That Doesn't Work Anymore

Economic measures and concepts like GDP, inflation, business cycles and supply chains that were created decades ago are being disrupted and altered by technology. These changes affect asset values, interest rates, stock valuations, barriers to entry, as well as regression and correlation analysis. That Doesn't Work Anymore discusses how to adapt traditional data to these changes and outlines ways to use newer and better tools that help you make good investment and business decisions.

The book's short pragmatic chapters grouped by topic with research and real-life anecdotes delve into how technological and societal developments have changed the meaning and value of traditional economic data-points, predictive tools, and business concepts. Robert S. Kricheff provides specifics on new and more valuable data sources as well as better methods for applying the information to investing, business, and even your career.

Auteur

Robert S. Kricheff is Senior Vice President, Portfolio Manager, and Global Strategist at Shenkman Capital, a global money management company. He regularly writes on markets and economics for the firm. Prior to joining Shenkman he was Head of High Yield Sector Strategy at Credit Suisse. Robert has a bachelors from New York University in Economics and Journalism and a masters from the University of London in Financial Economics. He has published two books and two e-books on investment analysis.

Contenu

Your Economic Thought Patterns Need to Change

1. Ignore the Averages - Means Move

2. Disrupters or Just Progress

3. Cultural Changes Make Economics Change

4. Cultural Impact of the Great Recession

5. Everyone Needs to Change How They Measure Things- Always

6. Rethink Correlations and Resist Regression

7. Goodhart's "Underappreciated" Law

   Big Economic Data-points

8. GDP - Revisions, Central Banks and Why It Is So Useless

9. Is Growth the Right Economic Measure

10. Is Growth the Right Financial Measure

11. Unemployment Versus New Employment

12. Wages are Different Now

13. Inflation - It Can Help, It can Hurt - But it is Definitely Not the Same as it Was

14. Interest Rates and Falsehoods

15. Currencies - Chicken & Egg

16. The Asset Value Magic Trick - Stocks, Real Estate, Gold, Bitcoin Etc.

17. Expectations Theories - Always Changing, Always Relevant

    Applying Changes in Big Economic Data to Investing and Business

    Old Capital, New Capital

18. The New Role of Capital/Capital Formation

19. Capital Flow Data is Dangerous

20. Follow The Money or Fail

21. Human Capital - The Real Data to Watch

22. Capital, Political Structure and Aristotle

    Applying Changes in Capital Flows to Decisions in Investing, Business and Career

    What Government Does to Economics

23. Government's Role: Past and Future

24. Funding Government - Rethink It

25. Taxes - Good, Bad and Completely Lost

26. Expense Management and The Government - A Misnomer?

27. Factoring Modern Government Into Economic Decisions

28. More Grey and Purple -Government's Ability to Function

    Government's Role Today and Its Impact on planning your Investing, Business and Career

    Financial and Business Data is Different Now and It Has Always Been That Way

29. Business Structures - Think Again

30. Business Investment What People Watch and What You Should Watch

31. Business Cycle Theory and Why Its Wrong

32. Tearing Down and Running Around the Barriers to Entry

33. Supply Chains and Pasta

34. Energy and Fossilized Ideas

35. Measure of Trade and Fools

36. Measures of Globalization: What to Watch and Why It Matters

37. The Problem With Earnings Reports and Expectations

38. The Invisible Consumer: Customer Retention Data , Big Data and Customer Service

39. How Not to Measure A Company's Success

    Revaluating The Way to Look At Business for Investing, Business and Career

    Value, Risk and Investment Metrics

40. What are Things Worth Right Now

41. Money Do We Need to Change How We Count It

42. Hard Assets with Soft Valuations

43. Does Volatility Matter

44. Value at Risk - Real or Fantasy

45. Other Measures: Risk Premiums, P/E Ratios and All That

46. Regression, Extrapolation and Historical Averages

47. Projections are So Yesterday , Probability is So Today

    Using Better Value and Risk Metrics in investing, business and your career

    Random & Concluding Topics

48. New Industries and What to Do About Them

49. Emerging Economies - New Paths or Same Old Cycles

50. Socially Responsible Investing /Environmental, Social and Governance Factors (SRI/ESG)

51. Economic Activism

52. Trend Watching and Catching

    Never Close Your Eyes, or You Will Miss Something