Investor Relations :: Bank Of America Corporation BAC
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Now that we’ve acquired a little bit of a way of the completely different jobs within an funding financial institution, let’s spend a bit extra time deep-diving into what precisely funding banks do. As we’ve spoken about, in recent years banks have either broadened or specialised the services they’ve supplied. We wish to run you through the foremost features that an investment bank would possibly carry out, so you may begin to get the sense of what areas of the enterprise most attraction to you.
Thompson: There are two attention-grabbing tipping factors which are price looking at. The first is that, obviously, loads of younger folks specifically have switched from the cable bundle, from pay Television, from linear programming, to those mini-bundle, web-only merchandise like Netflix or Amazon or Hulu. Finally, I do think that there might be so many of these Netflix-fashion merchandise -- Disney (NYSE:DIS) is talking about creating its personal Disney flicks. If that is successful, Time Warner is going to attempt to create its personal stand-alone product. If that is profitable, 21st Century Fox goes to create its personal product. For those within the room who are investing or taking a look at Netflix, that is sort of a scary proposition, the concept an incredibly exciting firm, in Netflix, that doesn't make an infinite quantity of revenue, is about to be joined on this market by the largest content and entertainment companies on the earth making an attempt to create excellent opponents. That's a bit bit, I think, of a scary thought.
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7. The information Detective: Ten Simple Guidelines to Make Sense of Statistics by Tim Harford-Executives love the certainty of statistics and numbers. Not exactly a shock contemplating that 22% of FT100 CEOs began their profession in finance, 17% in engineering, and 11% in accounting. Unfortunately-like everyone else- they are liable to motivated reasoning. Guy Mayraz, a behavioral economist from the University of Oxford, set up an experiment dividing participants into groups of farmers and bakers. The previous benefited from higher wheat prices, the latter from lower. When the participants have been requested to foretell future wheat prices the farmers predicted a rise in prices, the bakers a fall. As Harford factors out the starting point for interpreting knowledge is to pay attention to such motivated reasoning. Harford is a Gladwell-like storyteller who takes you on a journey from artwork forgery all of the approach to Florence Nightingale whereas presenting 10 straightforward guidelines to beat such biases.
