Not exact matches
Does it
go to
financial engineering, i.e., increased dividends and buybacks, which has been the game in the last several years?
So
goes it in southern California: lots of
financial engineering and a press that has declined in quality and quantity each successive year, for now almost a decade.
I was always intrigued by economics and finance, despite
going into the
engineering field rather than into a
financial profession.
Cost cutting and
financial engineering can only
go so far.
I have been an equity investor for a long time, and realize that in the UK at least, nearly all the «good businesses» have
gone, any any remaining have been saddled (see Marks for example) with absurd and irrelevant debt from
financial engineering.
The piece
goes on to detail the work and findings of Mark Kritzman, president and chief executive of Windham Capital Management of Boston and professor of
financial engineering at M.I.T.'s Sloan School of Management, where he compared index funds to actively managed funds and hedge funds.