But the latest survey reflected fears that the enthusiasm may have gone too far: 但是最近的一个调查反映已经有人开始担忧是否对科技股的热情过头, 38% of managers thought that betting on tech stocks was the most crowded tr
Since then, investors have focused their enthusiasm on companies that can exploit network effects and become dominant in their sectorGoogle in internet search, for example. 从此,投资人将热情放在有网络效益且在他们的领域里占领导
But Messrs Grossman and Hart identified a next-best solution: the party that brings the most to any venture in terms of non-contractible effort should own the key assets, 但是,格罗斯曼和哈特认同了一种次佳的解决方案:在不可合
Finance and Economics 财经 Buttonwood: Hope rebooted 梧桐树专栏:重燃希望 Tech stocks have regained their dotcom-era highs. 科技股已经重获了信息泡沫时代的高点。 Cast your mind back to when Bill Clinton was president, Ton
Finance and Economics; The global crash; Japanese lessons; 财经;全球危机;日本教训; After five years of crisis, the euro area risks Japanese-style economic stagnation; 经过五年危机,欧元的状况正冒着日本当年经济模式
Finance and Economics;Inflation around the world;Parsing prices; 财经;全球通胀;价格分析 Rising inflation is not as worrisome as it appears, at least for now. 通胀没有看上去那么可怕,至少现在如此。 Inflation is b
Finance and Economics;Better Than Goldman? A Brazilian star heads to market 财经;比高盛还好?巴西投行业明星即将上市 The announcement on March 1st that BTG Pactual plans an initial public offering (IPO) came after weeks of specu
Finance and Economics;The Dodd-Frank act;Unhappy birthday to you; 财经;多德弗兰克法案;生日不快乐! A tiny Texas bank challenges Dodd-Frank; 小小德州银行挑战多德弗兰克法案; Call the State National Bank of Big Spring,
Finance and Economics;Spain and the markets;The Spanish patient; 财经;西班牙及市场;西班牙患者; A full bail-out of the euro area's fourth-largest economy is looming; 对欧元区第四大经济体的全面纾困正在逼近;
Finance and Economics;The world economy;Mountains to climb 财经;世界经济;任重而道远 August was a nerve-racking month for the world economy. September and October will be no better 对世界经济来说,八月是伤脑筋的一个月
Business;The changes facing fast food;Good and hungry;More than menus need to be revamped if fast-food firms want to keep growing; 商业;整改指向快餐业;美味与饥饿并存;如果快餐业想要持续的增长所要做的远不止改变一
Finance and Economics;Microfinance in India;Road to redemption;The industry is starting to revive; 财经;印度的小额贷款;救赎之路;小额信贷蓄势再发; India'S microfinance sector was once touted as a saviour of the poor and a good bet
Finance and Economics;Building euro-zone competitiveness;Ports in the storm; 财经;加强欧元区竞争力之;暴风雨中的港口; Portugal needs to privatise its ports to reap the full benefits of its location. The latest in our series on
Finance and Economics;Bank capital;Half-cocked Basel; 财经;银行资本;操之过急的巴塞尔; Stop-gap rules on banks' trading books may add perilous complexity. 把银行交易帐户作为权宜之计可能增加了危险的复杂性。 The nn
Finance and Economics;The euro crisis;A firewall full of holes; 财经;欧元危机;漏洞百出的防火墙; The euro zone's rescue strategy still does not add up; 欧元区救助策略依然一盘散沙; There is a new swagger among European financ
Finance and Economics;Man and machine; 财经;投资人与经济机器; The economic ideas of the world's most successful hedge-fund boss; 世界最成功的对冲基金经理的经济思想; The most beautiful deleveraging yet seen is how Ra
Finance and Economics;Olympionomics;The dismal dash;Which economist will win themedal-prediction gold? 财经;奥运经济学;令人沮丧的百米冲刺;哪位经济学家能够成为奖牌预测大赛的冠军呢? Athletic prowess is not
China;China's economy;Not with a bang; 中国;中国经济;不咋地; China's property prices and its local-government debt have started rising again. That may be a good thing 中国的房地产价格和地方政府债务又开始上升了,这或
Finance and Economics;The Big Mac index;Calories and currencies; 财经;巨无霸指数;货币卡路里; What burgernomics says about five years of turmoil 汉堡经济学解读危机五年 Our Big Mac index is back. Normally a beefy bundle o
Walking in London 漫步伦敦 Footfalls 足音 Urban pedestrians buck a national trend 伦敦步行者打破全国性趋势 LONDON is a city made for walking.Unlike, for instance, Los Angeles its centre is easily accessible on foot.Outer boroughs ar
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