Monthly Archives: December 2015

Strategy and Structure

Strategy and Structure is a classic management book.  It is about the evolution of structures suitable for managing large complex organizations.  The book gets across the idea that form should fit function in organizational design.  In asset management, it is the vehicle … Continue reading

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Junk Bonds or Equities With Coupons?

“Equities with Coupons” is a cynical description of high yield  bonds.  The expression, like many of its kind, contains more than an element of truth. Usually it’s invoked when trying to illustrate the risk of owning bonds priced near par. You may collect … Continue reading

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