Category Archives: Governance

Highway Robbery

Everything is always decided for reasons other than the real merits of the case.  – John Maynard Keynes Recently, I had the pleasure of sitting through a day and a night in traffic court. Traffic court today seems to be … Continue reading

Posted in Governance, Municipal Finance, Municipalities | Leave a comment

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

Posted in Credit, Governance, High Yield | Tagged , , | Leave a comment