How the Budgeting Tail Wags the Corporate Dog
Big companies try to impose discipline on spending by setting budgets for everything, but the rules lead to lots of waste.
How the Budgeting Tail Wags the Corporate DogHow investors cope with losses
Rolling a losing position into a new stock can dull the pain of losing money.
Investors who have rolled proceeds from an investment into a new asset tend to use the amount paid for the original investment as a reference point to compute gains and losses for the new asset.
Cary D. Frydman, Samuel Hartzmark, and David H. Solomon, “Rolling Mental Accounts,” Working paper, November 2015.
Big companies try to impose discipline on spending by setting budgets for everything, but the rules lead to lots of waste.
How the Budgeting Tail Wags the Corporate DogNobel laureate Douglas W. Diamond and former Boston Fed president Eric Rosengren visit the Capitalisn’t podcast to discuss the collapse of Silicon Valley Bank.
Capitalisn’t: Silicon Valley Bank—The End of Banking As We Know It?Companies make calculated decisions about which suppliers to pay late and how long to delay payment, research finds.
When It Makes Sense to Pay Suppliers LateYour Privacy
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