October 2009
Intermediate to advanced
448 pages
8h 21m
English
Capital market decisions are shifting from the people who are supposed to invest in the future to the people who have to follow the “prudent man rule.”
The capital market decisions are effectively shifting from the “entrepreneurs” to the “trustees,” from the people who are supposed to invest in the future to the people who have to follow the “prudent man rule,” which means, in effect, investing in past performance. Herein lies a danger of starving the new, the young, the small, the growing business. But this is happening at a time when the need for new businesses is particularly urgent, whether they are based on new technology or engaged in converting social and economic needs into business opportunities. ...
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