Tag Archives: Contributor One

How Could The Model That Blew Up Wall Street Blow Up Wall Street?

By Richard Green, Contributor One of the alleged culprits of the financial crisis is the Gaussian Copula, a pretty straightforward probability model.  All this model does is map the probabilities of individual events into the probability of several events happening.  For example, it takes the probabilities of individual mortgages defaulting and determines the probability that all mortgages will default.  For those holding senior positions in mortgage backed securities, the probability of everything going wrong is more important than the probability of one thing going wrong. …read more

Source: FULL ARTICLE at Forbes Latest

SAS CTO On IT And Big Data Analytics

By Gil Press, Contributor

“One of my biggest challenges,” Keith Collins told me recently, “is helping SAS understand how to communicate to IT organizations. We present workloads which look odd and different. IT does not know how to have an SLA (Service Level Agreement) around them.  We take all of the compute and I/O capacity that they can give us.” …read more

Source: FULL ARTICLE at Forbes Latest

5 Must-Have Presentation Tips For Pitching To Angel Investors

By Carmine Gallo, Contributor One of the biggest mistakes entrepreneurs make when pitching to angel investors is bombarding them with data and boring PowerPoint slides instead of inspiring and engaging them. This is one of the key lessons I learned as I followed a Forbes.com reader and entrepreneur on his journey to attract funding for his start-up. …read more

Source: FULL ARTICLE at Forbes Latest

Where Have All The Low Priced Stocks Gone?

By Brad Lamensdorf, Contributor

One way to monitor speculation is to watch low-priced stocks. These are often more volatile and favorites of those who like their stocks a little on the trashy side. The Ned Davis chart below shows that low-priced stocks – as represented by the 25th cheapest stock in the S&P 500 – have had quite a run. The current reading of $15.51 is approaching the $16 level that was a warning flag for the last two big market tops. …read more

Source: FULL ARTICLE at Forbes Latest

Coffee, Tea Or Gas? The Mispricing Of Natural Gas On World Markets

By Michael Lynch, Contributor One perverse side-effect of the shale gas revolution in the US is the revival of coal power plants in Germany, where 5300 megawatts of  new plants are under construction.  Why would green Germany, a major supporter of renewable energy, be turning to coal power? …read more

Source: FULL ARTICLE at Forbes Latest

Consumerism: From Mass To Micro-Consumer

By Patrick Hanlon, Contributor

One of my favorite books is produced by Fendi. The Whispered is subtitled “a contemporary guide to the Italian handmaking ability” and includes the names and locations of some of Fendi’s favorite ateliers and craftspeople. People who make things. Elegant things. Brilliant things. Things you simply can’t find anywhere else. Irreplaceable things. …read more

Source: FULL ARTICLE at Forbes Latest

Fake Nautical Restaurant On Tripadvisor Gets Glowing Reviews

By Grant Martin, Contributor

One of the perennial arguments against Tripadvisor reviews and user generated content (UGC) is that it can be easily faked. Arthur Frommer specifically called out this problem when he relaunched his guidebook brands earlier this month; while UGC is great for collecting a broad spectrum of content quickly and cheaply, it also can be easily gamed. …read more

Source: FULL ARTICLE at Forbes Latest

Restaurants Stocks Are Vulnerable As Consumers Remain Cash Strapped

By Christopher Versace, Contributor

One of the sectors that I have been cool if not cautious on over the last few months has been the restaurant industry. That view stems quite simply form the fact that the consumer, while no longer hurting per se, continues to see his or her income pressured. Perhaps one of the more illuminating statics I have come across in recent weeks was the following from the U.S. Bureau of Labor Statistics – the median weekly earnings of the nation’s 104.2 million full-time wage and salary workers were $776 in the second quarter of 2013. While that figure climbed 0.6% year over year, it grew far less than the 1.4% gain in the Consumer Price Index for All Urban Consumers over the same period. In simple terms, we are making more but can afford less. …read more

Source: FULL ARTICLE at Forbes Latest

Textile Protectionism In The Trans-Pacific Partnership

By Dan Ikenson, Contributor

One of the very first acts of the very first Congress of the United States was to impose tariffs on imported gloves, hats, and clothing. That temporary protection was bestowed in 1789, when the small U.S. economy was agrarian, and textile and clothing production represented America’s industrial future. Two and one quarter centuries later, textile protectionism is alive and well, and features prominently on the U.S. agenda in the Trans-Pacific Partnership negotiations to forge – wait for it…wait for it – a “21st Century” trade agreement. …read more

Source: FULL ARTICLE at Forbes Latest

3 Lessons Food Companies Can Learn From Social Entrepreneurs

By Ashoka, Contributor

One panel discussion at Ashoka’s recent Globalizer Summit in Frankfurt, Germany, “Fighting the ‘Hidden Hunger,” brought together stakeholders from various sectors, including funding agencies, agri-businesses, think tanks, nutrition organizations, and social entrepreneurs who were interested in growing a global nutrient economy. Reflecting these diverse backgrounds, the panel included Prof. Dr. Konrad Biesalski, author of the book “The Hidden Hunger;” Bill Carter, Director of Ashoka’s Nutrients for All Initiative; Marc van Ameringen, Executive Director, Global Alliance for Improved Nutrition; Sylvia Banda, Ashoka Fellow and Founder of Sylva Food Solutions, Zambia; as well as Andreas Blüthner, BASF’s Director, Food Fortification & Partnerships. …read more

Source: FULL ARTICLE at Forbes Latest

Brazilian Billionaire Bishop Edir Macedo Is Now A Banker, Too

By Anderson Antunes, Contributor

One of the new additions to this year’s FORBES Billionaires List, Edir Macedo, the founder and leader of the Universal Church of the Kingdom of God, has reportedly bought a stake in a Brazilian bank. According to a recent report by the newspaper Correio Braziliense, the self-anointed Pentecostal bishop acquired 49% of Banco Renner in an operation that began in 2009 and has been confirmed by Brazil’s Central Bank. …read more

Source: FULL ARTICLE at Forbes Latest

Google IT's Mission To Empower Googlers With World Leading Technology

By Peter High, Contributor

One might think that being the CIO of a legendary technology company would be like a Tale of Two Cities: the best of times and the worst of times.  On the one hand, one need not ever make the case that technology needs to be thought of as a strategic weapon in the arsenal of the company, as many IT executives still must do in their companies. On the other hand, there are many people throughout the business who feel they can do the job of CIO better than the actual CIO can. For many of the company’s engineers, CIO seems like the easiest of the executive positions. …read more

Source: FULL ARTICLE at Forbes Latest

CSOFT Goes For A Soft Touch In Scaling Outside China

By Rebecca Fannin, Contributor

One of the more interesting aspects of my role covering innovation trends in emerging markets is the opportunity to see companies close-up as they scale. Such was my recent experience attending a summit held by CSOFT International in Beijing and Sanya, the Hawaii of China. CSOFT was celebrating its 10th anniversary with a two-day program of experts speaking about globalization trends in the so-called localization business in which it operates. One clear takeaway? I am sure that CSOFT would never have become a profitable player in this market without the visionary leadership of its very determined president and CEO, Shunee Yee (pictured with me). Sounding a bit like Alibaba’s Jack Ma, Shunee says “the sky’s the limit” on her startup’s potential, which she envisions becoming a $1 billion business.  The company’s nifty-looking headquarters at Beijing’s sleek, new World Finance Centre is a symbol of her ambitions. The summit I attended was designed to bring together employees and celebrate ten years — and many more. It did not disappoint with lots of good cheer and information exchange plus such treats as a dinner overlooking the Forbidden City and a luau on the beach to wrap things up. CSOFT, which she founded in 2003, has revenues topping $30 million and an average annual growth rate of 30 percent over the past ten years. Having reached that tier without raising any outside finance and entirely through organic growth, Shunee is now pushing CSOFT to expand its presence and profile overseas. After plans to open an office in Shenzhen this September, the next move is likely to be branches in Silicon Valley and Berlin, building out its remote operations in many markets. The outsourcing company’s business is naturally international, and three-quarters of its clients are based in the U.S., including Pfizer, Intel and Dell.  What CSOFT does essentially is translate or localize training manuals, how-to guides and promotion materials in various languages for companies doing business across borders.  It may not sound all that exciting but it’s essential. Along with her husband, Carl Yao, who is an executive VP in charge of the company’s technology, they are working together to keep CSOFT up to date technologically too. Carl showed me a mobile app he’s been working on that brings in elements of both Twitter and Wikipedia so that users can instantly translate terms and share them with the community. CSOFT got on the fast track when the multilingual localization firm that Shunee was working for in the early 1990s was acquired by outsourcing company Lionbridge. She was sent to open an outpost office in Beijing. When that rep office did not get off the ground, she promptly folded the team she had assembled into what became CSOFT in Beijing. Articulate, poised and personable, Shunee’s background follows the typical returnee path of the first generation of China’s tech entrepreneurs. Growing up in an intellectual household as the daughter of a dean at Nanjing University, she was under a lot of pressure to achieve. After graduation from Nanjing Normal University, she taught for eight months, then decided to quit to go to the U.S. There, she earned a Master’s degree from the Rhode Island College. It was in the U.S. that she also met her husband, who was working on his PhD in computer science, and later joined her in Beijing.  Now they and an employee group of …read more

Source: FULL ARTICLE at Forbes Latest

Crowdfunding Nuts And Bolts: Tackling Fulfilment

By Suw Charman-Anderson, Contributor

One of the biggest challenges for very successful crowdfunded projects, as I mentioned in my last piece on crowdfunding, is how to deal with sending out all those rewards. Distributing digital rewards is quite simple, but physical items can be more problematic, especially if you get significantly more supporters than you had anticipated. …read more

Source: FULL ARTICLE at Forbes Latest

Spotify Royalties Appear To Be Awfully High Despite What Thom Yorke Says

By Tim Worstall, Contributor One of the shouting matches going on at present is that the rates Spotify pays to musicians and songwriters are terribly low. So low in fact that Thom Yoke, of that popular beat combo Radiohead, has withdrawn his independent work from the service in protest. Yet to be honest, when I see the numbers that are actually being complained about I’m afraid that I just can’t see it. If anything, it looks like Spotify royalty rates are rather high in fact. …read more

Source: FULL ARTICLE at Forbes Latest

How Names And Dreams Can Rebrand And Revitalize Moribund Companies, From Radio Shack To JC Penney

By James Poulos, Contributor

One of the hardest challenges corporations face is to use a rebrand to mount a successful turnaround. Nevertheless, it’s now all but taken for granted that you can’t turn around a company today without a big, buzzworthy rebrand. (Notable exception: Dominos Pizza, which dared to restore its sales and its reputation by… improving its quality.) One would think this new conventional wisdom would produce some new intelligence about how to revitalize companies by revitalizing their brands. But one would be wrong. …read more

Source: FULL ARTICLE at Forbes Latest

How I Opened A Branch Office Of My Business In Hong Kong

By Joshua Steimle, Contributor

One month ago I landed with my family at the Hong Kong airport. I expect we’ll live here for three or four years, perhaps more. While here I am opening a branch office of my online marketing firm, which is headquartered in Salt Lake City, Utah. I do not speak Cantonese. I have never lived in Hong Kong or Asia before. The first time I ever came to Hong Kong was in March of this year. And now I own a business here. Where it will end up I can’t exactly predict, but here’s how I got it started. …read more

Source: FULL ARTICLE at Forbes Latest