Richard Foster is a managing partner of Millbrook Management. He is a former McKinsey director and co-leader of the private-equity practice.
Juan Ocampo is the president of Trajectory Asset Management and a former partner at McKinsey.
Lying at the heart of the most common market theory—the efficient-market hypothesis—is the assumption that financial returns, including stock prices, are independent of one another. We now know without any doubt that this assumption is wrong.
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The Stanford Social Innovation Review is written for and by social change leaders in the nonprofit, business, and government sectors. Sample articles of particular interest to readers of What Matters are available below.
by Ben Hecht. Living Cities is working with five US municipalities to develop an ecosystem for solving urban problems.
by Clayton M. Christensen, Shuman Talukdar, Richard Alton, and Michael B. Horn. Unless clean tech follows well-established rules of innovation and commercialization, the industry’s promise to provide sustainable sources of energy will fail.