Economic measures and concepts like GDP, inflation, business cycles and supply chains that were created decades ago are being disrupted and altered by technology. These changes affect asset values, interest rates, stock valuations, barriers to entry, as well as regression and correlation analysis. That Doesn't Work Anymore discusses how to adapt traditional data to these changes and outlines ways to use newer and better tools that help you make good investment and business decisions.
The book's short pragmatic chapters grouped by topic with research and real-life anecdotes delve into how technological and societal developments have changed the meaning and value of traditional economic data-points, predictive tools, and business concepts. Robert S. Kricheff provides specifics on new and more valuable data sources as well as better methods for applying the information to investing, business, and even your career.
Robert S. Kricheff is Senior Vice President, Portfolio Manager, and Global Strategist at Shenkman Capital, a global money management company. He regularly writes on markets and economics for the firm. Prior to joining Shenkman he was Head of High Yield Sector Strategy at Credit Suisse. Robert has a bachelors from New York University in Economics and Journalism and a masters from the University of London in Financial Economics. He has published two books and two e-books on investment analysis.
Your Economic Thought Patterns Need to Change
Ignore the Averages - Means Move
Disrupters or Just Progress
Cultural Changes Make Economics Change
Cultural Impact of the Great Recession
Everyone Needs to Change How They Measure Things- Always
Rethink Correlations and Resist Regression
Goodhart's "Underappreciated" Law
Big Economic Data-points
GDP - Revisions, Central Banks and Why It Is So Useless
Is Growth the Right Economic Measure
Is Growth the Right Financial Measure
Unemployment Versus New Employment
Wages are Different Now
Inflation - It Can Help, It can Hurt - But it is Definitely Not the Same as it Was
Interest Rates and Falsehoods
Currencies - Chicken & Egg
The Asset Value Magic Trick - Stocks, Real Estate, Gold, Bitcoin Etc.
Expectations Theories - Always Changing, Always Relevant
Applying Changes in Big Economic Data to Investing and Business
Old Capital, New Capital
The New Role of Capital/Capital Formation
Capital Flow Data is Dangerous
Follow The Money or Fail
Human Capital - The Real Data to Watch
Capital, Political Structure and Aristotle
Applying Changes in Capital Flows to Decisions in Investing, Business and Career
What Government Does to Economics
Government's Role: Past and Future
Funding Government - Rethink It
Taxes - Good, Bad and Completely Lost
Expense Management and The Government - A Misnomer?
Factoring Modern Government Into Economic Decisions
More Grey and Purple -Government's Ability to Function
Government's Role Today and Its Impact on planning your Investing, Business and Career
Financial and Business Data is Different Now and It Has Always Been That Way
Business Structures - Think Again
Business Investment What People Watch and What You Should Watch
Business Cycle Theory and Why Its Wrong
Tearing Down and Running Around the Barriers to Entry
Supply Chains and Pasta
Energy and Fossilized Ideas
Measure of Trade and Fools
Measures of Globalization: What to Watch and Why It Matters
The Problem With Earnings Reports and Expectations
The Invisible Consumer: Customer Retention Data , Big Data and Customer Service
How Not to Measure A Company's Success
Revaluating The Way to Look At Business for Investing, Business and Career
Value, Risk and Investment Metrics
What are Things Worth Right Now
Money Do We Need to Change How We Count It
Hard Assets with Soft Valuations
Does Volatility Matter
Value at Risk - Real or Fantasy
Other Measures: Risk Premiums, P/E Ratios and All That
Regression, Extrapolation and Historical Averages
Projections are So Yesterday , Probability is So Today
Using Better Value and Risk Metrics in investing, business and your career
Random & Concluding Topics
New Industries and What to Do About Them
Emerging Economies - New Paths or Same Old Cycles
Socially Responsible Investing /Environmental, Social and Governance Factors (SRI/ESG)
Economic Activism
Trend Watching and Catching
Never Close Your Eyes, or You Will Miss Something
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