34 Burst results for "Wharton School"
The Biggest Untapped Market Opportunity in the World
"Today's guest is my friend. Rahul sorry yogi from india Rahul is the founder and managing director of autobahn capital advisors advisor to the antion capital family of funds. His mission is to consistently identify the best ten to fifteen investment ideas from among the thousands of publicly traded indian corporations rojo graduated from the wharton school of the university of pennsylvania with a degree in economics and is the author of investing in india of value investors guide to the biggest untapped opportunity in the world a definitive guide on navigating the indian marcus published by john wiley and sons row. Welcome back to the program. It's been a while. Thank your yes indeed and so royal. I just want to jump in. Because you're you're just you're my guy in india like of and i've met a bunch of folks at conferences and so forth Folks that we both know. But you know when i really wanna know what's going on i i have to talk to you and i. I haven't even thought. I hate to admit it. I haven't even thought about india probably over a year and all like all i know about india's to look at a chart of the you know the india. Etf it's it's too far off my radar screen. I think it's too far off everybody's radar screen. I know you agree with that. Wouldn't yeah absolutely done It it has indeed been a while since we've spoken than it's been. What twelve years since you were here in southern india and janae with me and You don't we were driving it out and looking at stuff while yup it has. So is it at any given moment when i've talked you like sometimes you like well. The markets run up huge. And you know. I'm really cautious. Or you know it's it's way down and i'm really aggressively bullish or something because it is. It does seem to swing a
"wharton school" Discussed on Scientific Sense
"Welcome to the site of accents. Podcast where we.
DoorDash Drivers Game Algorithm to Increase Pay
"For the delivery app. Door dash may have found a way to trick the algorithm that serves them jobs into offering better pave bloomberg profile their effort which is called hashtag declined now they encourage other drivers to decline all the lowest paid jobs to get the app to offer more money but to make it work. They need lots of drivers on board and that can be tricky with gig workers. They don't share a break room after all instead they're getting together online and facebook groups and on reddit. Lindsay cameron is a professor of management at the wharton school. Who studies gig. Workers and work doesn't uber driver herself for awhile. So there's no way for workers to have worker to worker communication via the app itself. There's no slack line or anything like that. So the few times workers are able to connect. It can be in person you know. I met other ride hailing drivers when i was at a parking lot or at the expect inspections station and beyond that. It's usually just these online forms. Which only a minority of drivers are active on the forms but for the people that are on the forms. These are really you know. They're like the virtual water cooler where people can share tips. How the platform has changed things like that now. Also gig workers instead of having a traditional boss or supervisor direct their work they are dictated by algorithms. That aren't always the most transparent. So to what extent or or gig workers able to sort of tease out. How these algorithms work as workers. You're just sort of doing these best guesses about you know based on your lived experience what you think the surge prices were gonna be or what do you think is a fair amount to except for delivery and then you're sort of guiding you're sort of making your own rules about what feels right to you or what's the best way to respond to the algorithm based on what you yourself you know are experiencing through your everyday work and
"wharton school" Discussed on Scientific Sense
"Okay and and this is something that the fed has never done before we talk about what the fed did in the cases of two thousand and eight two thousand nine the fed bottle lot of assets so-called quantitative easing but what the fed both back then was a tragedies in mortgage backed securities defend didn't by cope with bones and all of a sudden in march of twenty twenty overcomes studying in the corporate bond markets outflows from mutual funds holding cope with balloons. All of a sudden the fed says you know what. I'm going to now by cope with born to sort of help restore this this market and it was enough Interestingly the fed just made this announcement so the fed made one announcement on march twenty third thing started to come down but not enough and then another announcement in april ninth and things are come down a lot more. It was enough to make those announcements that the fed will be able to buy us. That really helped Restore as ability to these funds into the market. So you're absolutely right definitely For the fed to sort of say you know we are going to buy those wounds certainly soon beheld so in conclusion it is Do you see any new policies. You have any suggestions to do. Policies either in the context stalls what we talked about in terms of financial market prices and connection and the feedback mechanism between that and the decisions inside companies and We talked about a few scenarios where That could have some some lucy freights or in this financial fragility issue that you just talked about. Do you have any sort of a policy suggestions to make these things. Better yes Let let me stop. Maybe from the second topic we just talked about the financial fragility. I think you know people have to be cautious going forward How they analyze these events. What they make of them and what should be done going forward in in the following sense. I sort of hear this common claim that you know the was a bit of a meltdown in the markets. In march of twenty twenty. But eventually things go back to to normal everything was fine and even though the economic problems are still very seville the financial system to allow extent. Got back to to itself and we didn't see a major Financial geis's i think we have to be very careful with that because Following what i told you a few minutes ago.
"wharton school" Discussed on Scientific Sense
"When market participants of learning on new dimensions that mena gills don't know already Reflecting this kind of inflammation and providing potential guidance full decision makers This case he'll efficiency will behind a traditional market efficiency. Might not be high so those two concepts could be in conflict with each other. The first concept the traditional market efficiency is what a lot of people have been looking at for years. The new concept that he'll efficiency is what i think people should focus on more. It's not just about whether markets can predict what will happen but rather whether they can provide useful new information to advance economic efficiency and blood. you mean economic efficiency. Aw decisions inside the firm. And so so i in a situation than the manager is all knowing at market is simply reflecting what the manager already knows you will get additional definition of price efficiency prices reflect wanting ciders now insiders. Something firm no Gets affected the prices. But but what do you mean by. Leila efficiency is then. They're such market. Prices actually provide new inflammation to manage to make better decisions. Yes absolutely And i and. I will shopping the point. It doesn't have to be manages who are relying on information and making decisions. Accordingly it can be adult decision makers as well you know it could be a banks. Were lending money to firms. It could be regulate those who are putting actions and changing the way affirms behave. It could also be employee's estimate suppliers and so on everyone who is making decisions that are shaping future. Investments in cash flows affirms And can be guided by prices Employee one like this weekend about when we think about the efficiency we think about the extent to which market prices shape their inflammation in shape dill behavioral in decisions. I though you make the point to sleep. But i wanted to expand on it using another people as you say this paper incorporating the feedback effect into morton's of financial markets can explain this market phenomena. That otherwise seemed puzzling..
"wharton school" Discussed on Scientific Sense
"Welcome to the site of accents. Podcast where we explore emerging ideas from signs policy economics and technology. My name is gill..
Elon Musk - The Man Behind Tesla and SpaceX
"Well who's elon. Musk well if you don't know you're gonna find out right now. There is so much news internet entertainment on ilan mosque. And i want to tell you that this is only the basics of aeon. Musk who he is. There is plenty to find out about him. I will leave some of the links and the show notes. So don't forget to look but who is elon. Musk and how does he lawns story began. Well he is a visionary entrepreneur and the co founder of paypal and tesla motors as well as the founder of the new space x program which is very popular to day his astounding success has given rise to comparisons to the uniqueness of howard hughes and the tenacity of a henry ford but he did have an often difficult childhood like most of us kids his own age made fun of him from his own descriptions the years were lonely and brutal alon is quoted as saying they got my best friend to lure me out of hiding so they could beat me up and that hurt. That's when i realized that they were going to go after me non stop. That's what made growing up difficult for a number of years. There was no respite. You get chased around by gangs. These gangs tried to beat the insert. Swearword here out of me. And then i'd come home and it would just be awful there as well but not all was wasted. This difficulty cultivated itself into a relentless work ethic a never ending tenacious vision of the future. You see enron was born and raised in south africa and he spent some time in canada before finally moving to the united states thin and the united states. He was educated at the university of pennsylvania. A very good school majoring in physics. That's when ilan started to excel and experiment to soon. Become a serial tech entrepreneur with early successes like zip to an x dot com. He took on two majors at the university of pennsylvania but his time there wasn't all work with a fellow student. He bought a tin bedroom fraternity house which they used as an ad hoc nightclub will. Musk graduated with a bachelor of science and physics at all as a bachelor of arts in economics from the wharton school for ilan. Physics made the deepest impression. He is again quoted as saying and somewhat giving directions to boiling things down to their fundamental truths and reason up from their. Musk was twenty four years old when he moved to california to pursue at phd in applied physics at stanford university with the internet. Exploding in silicon valley booming. Musk had entrepreneurial visions on his mind and dropped out of the physics program just after two days but in two thousand and four. Musk joined to engineers to help. Run tesla motors. You've all heard of tesla motors right. Well this is where. Musk was integral and designing the first electric car. There's no doubt the electric car is the car of the future. But his first car the he designed was the tesla roadster as we are all aware of the tesla has become one of the world's most popular and coveted car brands and is still growing in popularity in the united states and in many different countries tesla and the electric car are taking over but we must never forget about musk's early interest in reading philosophy science fiction and fantasy novels and how that played a big role. I mean a huge role in the inventor that he is today. It is reflected in his sense of idealism and concern with human progress. He aims to work in the areas he has identified as crucial to our future specifically the internet. The transition to renewable energy sources and space colonization and. Ilan has been all over the media. Making three podcast episodes on the joe rogan experience while the first one in which he smoked. Marijuana was pretty funny but in a maximum article. I found this elon. Musk's third appearance on the joe rogan. Experience podcast the genius. Tesla and spacex. Ceo did reveal intriguing plans for a floating tesla. Musk revealed that the long awaited second generation tesla roadster could have a space x package that would allow it to hover at a limited altitude above the ground. Something that we have never seen before with all these new inventions floating around. Is it any wonder why everyone is watching. And curious about ilan's next big thing. Well at tesla fans are awaiting the cyber truck which will make an appearance at the end of twenty twenty one and the exciting numbers are in for ilan's wealth elon. Musk started twenty twenty with a worth of about twenty seven billion dollars and was barely in the top fifty richest people then in july of twenty twenty. Musk past warren buffett. The great billionaire to become the seventh richest person in november. Musk raced past bill gates to become the second richest person. Musk has gained more wealth over the past twelve months then gates his entire net worth of one hundred and thirty two billion dollars and according to cnbc elon. Musk just became the richest person in the world. With a net worth of more than one hundred and eighty five billion dollars alone recently had a new marker for his wealth and that is so cool because of all his inventions and his time spent caring and wanting the united states and the world to move ahead has made a name for himself. There is no doubt an increase in tesla's share price pushed. Musk past jeff bezos of amazon. Who had been the richest person since two thousand seventeen. You see musk's wealth surge over. The past year marks the fastest rise to the top of the rich list and history but why because he is investing in the future. It marks a dramatic financial turnaround for the famed entrepreneur. Because he cares about what happens in our future so with all his wealth experimentation and knowledge elon. Musk is our future and for those. That are young enough to dream about being an elon. Musk it must start with your curiosity with reading and learning more and more about new and different things and that i want for you and your children now and in the future.
US business schools opt to sit out of some MBA rankings this year
"Several top American business schools have decided not to participate in MBA rankings this year. The Wall Street Journal. Reports Harvard Business School, the University of Pennsylvania's Wharton School Columbia Business School in the Stanford Graduate School of Business there among those who have opted out, they declined to provide data to the economist in the financial times, because they say the pandemic has made it difficult to gather that
Should Women and Men Handle Money Differently?
"So first of all. Let's talk about how you get money in the first place and that is earn it right and according to the pew research center Women earned eighty five percent of what men earned in two thousand eighteen That pay gap is shrinking Particularly for younger workers which is a positive trend but that is still a meaningful hurdle to overcome. The pay. Gap is partly due to to work history. You know like having kids great you know. But as we mentioned with the fidelity study earlier taking time off to have quetta's like it often leads to job offers in worse income prospects not to mention the years of not generating any income which often reflects years of not investing in a workplace retirement account in particular. If there's a match there right and those are some big disadvantages to overcome yell like you said at the beginning matt that stat also reflects some structural issues when it comes to male and female pay. But here's another thing to matt When we're talking about pay women are actually often averse to asking for more money than their male counterparts. There was a survey from ron saad. Last year the found that sixty percent of women have never negotiated with employer. Overpay women are also more likely to stay at a lower wage job to according to The personal finance web site the balance. And that's not good right because even just a small bump in pay with a new employer or in a job that been in for years can have just a massive impact on your ability to earn more throughout the years and then also save more for retirement. So i think of all of the things in this episode where we see. Maybe you know women as sex falling short. It is in in the ability to ask for more at knowing what they're worth again. This is another instance where you might be listening and you're thinking i've never had a problem negotiating a race like i've never had a problem asking for more money so again. It's important to keep in mind that though the research shows us like we know any totally doesn't apply to everyone. I'm specifically thinking of two conversations with Kirstin and julian saunders. The couple behind rich and regular that was episode. Eighty six and julianne was just bragging. About how great pearson is at negotiating. Evidently she's just like the queen negotiating more. Pay if you had to listen to that upset go back and listen to that one. Is that regardless of your gender. Earning more it's just so important right and all of us could stand to our abilities on that front And we've had lots of different conversations on the show that specifically cover you know not just stories of individuals negotiating but just how to go about doing that. I'm of Ramiz sadie that was Backing up said one ten and he outlined a great process a great method You know when it comes to wanting to up your salary. You know what steps you need to take. In order to negotiate a solid race gam thinking to matt had far new darabi on the show. She is just awesome personal finance expert and at the same time. She is someone who has made a killing as a small business owner. She knows her worth. she knows. how to negotiate. Yes so like you said there are many women out. there are crushing it. Who don't have a problem and asking for what they're worth. Who don't have a problem asking for a raise. It's just when you read those statistics. There are obviously a number of women who do though. And i wanna see. That number changed for the benefit of women as a whole absolutely. Let's about spending to do women spend more. That's an interesting question. My wife personally met hates to shop. I really. She just defies the stereotypes. And actually i don't know i don't mind shopping. A little bit roles are a little bit reverse exactly but there was a study by the wharton school of business that found that women are more likely to view shopping as a recreational activity. My mom definitely fits that bill Most men wanna leave the store with their purchases quickly as possible but even though women enjoy shopping more it turns out men still spend more than women in a typical year so while men might not enjoy the process of shopping as much. They still shopping. Just from a utilitarian standpoint sure yeah also that increase spending with the stats as well. There's there's a survey from wallet hub earlier this year. They showed that men are more likely to max out a credit card. Women are apparently seven percent less likely than men to have maxed out credit card at least once in so while women they might enjoy the shopping experience. More than men do a lot of different stats. Show that women are more cost conscious. They're more likely to shop at alice. Stores more likely to to wait till something they want is actually on sale The store brands more than men. And so you know when it comes to spending this this is definitely a win in this category for sure And so i i of see this as a call to min to stop spending so much money on neighboring items fan. Yeah i feel like. I'm totally guilty of this. I totally fall into the study. I don't like to go looking for the best deal. I do because i'm spending less but like i'll look at maybe two or three different sites and then i just purchase right whereas for you like i feel you are so good at hunting and making sure you're keeping your eyes on the best deals out there making sure that you're spending the the least amount of money possible. I feel that's something that we all need to make sure that we're doing right. And so you know regardless of who you are. We should all work to just become a little more conscious and how it is that we spend our money. I gotta say mets. I don't care whether you're man or woman but store brands should be high on your list because they're going to save you a ton of money it's just like in savings when you go for the storebrand over the name brand equivalent unless it's your craft beer equivalent And you're wanting to spend a little bit more on the because it makes you feel nice. Can't name brand everything though. I think i think sometimes that's a tendency here. Maybe that men have The men just gravitate towards the name brand no matter what it is without thinking about it and that's where we need to shake things up right and we we need to consider storebrand's more frequently also too. I think we've talked about this. The quality of store brand items has gone up a whole lot in recent years. Her kirkland signature brag. There's other ones too man. Like target has some great Store brands that are better than their name brand equivalent. Sometimes so yeah. It's not just costco yeah costco rockstar Let's see let's talk about saving as well. There's more good news here. It turns out that the the savings rate for women is actually higher than their male counterparts. They save a higher percentage of their pay. They spend less of what they bring in and much of. That is due to the more frugal. Tendencies that we just highlighted when we talked about spending differences but even the women are saving a higher percentage of their income on average. They've actually got less than thirty percent of what men have in savings accounts according to data from the federal reserve from a few years ago That is likely due to the fact that overall they're still making less like we discussed earlier which means a smaller amounts of money saved overall. Yeah one of the reasons. Women have a higher savings rate as well Is that according to a survey by. Us bank women of all ages value financial security more than men do. But here's the thing than that. Focus on financial. Security can often backfire. If you keep more of your overall assets and savings and cds instead of invested in the stock market right like savings for saving for long-term goals is really important but so is investing For the really long
Reduce No-shows, Fill the Schedule, and Improve Patient Experience with Michele Perry
"Back to the outcomes rockets. All marquez here. Today i have the privilege of having michelle. Perry on the podcast. She is. The ceo of relations has sast based patient centered. Engagement company that utilizes a modern and mobile first approach to improve patient and provider communication. Michelle perry has almost thirty years of experience in software and health technology an undergraduate degree from the wharton school at the university of pennsylvania and her nda from harvard business school. Just the the important topic around how we communicate patients effectively. And how do we do that at scale. It's going to be a great talk and michelle super excited to have you join us today. Thanks for having me excited to be here absolutely and and so before we dive into the awesome way. You guys engage patients at relations. Talk to us a little bit more about you. Michelle wu spires your work and healthcare the patient. You know really. This truly has to be about the patience to have been easier way to access healthcare This pandemic has shed light on. The fact that truth helped get a truly is about the patients. And that's why you know. I joined a company named relation relating to the patient and focusing on the patient. How do we make it easier for the patient because anything related to health care is high and so why don't we make it easy. Yeah and i think the nature of kind of how healthcare works and fortunately that it's complex And the need for that expertise of simplifying and getting a message to the right person at the right time is critical so michelle talked to us about how relations is adding value to the healthcare ecosystem. Exactly what you just said you still my words saw. It's all about getting the right Right message to the right person at the right time. And you know the industry's been a little too focused on patient portals and just dumping information they're figuring out the patient would find the information and it's just not working you know we need to make it easier both for the practices and health systems to make it easy for their patients to access healthcare. And we need to do it in a way. That patients are use to communicate. Say and we all carry this phone You know there are a few people in the country maybe not for the most part people have a phone kind. You know in their pants pocket or in the hand of something all day. So how can we make it very easy using that mobile device to get them just that right information and not a data dump just the right information at the right time. Yeah and so there's a flow you know. There's there's a step by step process that kind of we go through when we get care. There's a scheduling. There's there's actually going to see the clinician where you wait. I guess there's a lot of waiting and cars now with with the pandemic reminders etc. So there's a lot of touch points that potentially league we could miss and so talked a little bit about what you feel makes relations special and different than what's there today. Yeah so you know. Unfortunately healthcare has so many rules and regulations Starting with that introducing some of this technology to be patient facing can be really non thing and then you add all all the communications laws which tcp a of the can spam and. This really seems way too. Risky move forward and health care. So that's where many practice of just put it in puerto new best enough but the adoption and usage of portals. It's just really low. So what we focused on is making it just easy to get the critical information at that point in time. Whether it's about an appointment to make sure that you know it and confirm it and we have best practices where we combine own email and chat messages over the course of five three one day to get the best response rate and to get people if they can't make it you know to cancel reschedule and get them back on the calendar that you can get waitlist filled spots that they laughed and moving all of that so really combining all these with one platform that can make this really productive for the practice which would make it productive for the practice can make it easy for their patients totally.
Breakthrough at Home Pain and Mental Health Relief with Richard Hanbury, Founder Sana Health, Inc
"Walk back to the outcomes. Rocket saw marquez. Here and today. I have the privilege of hosting richard henry. He is the founder of saana health. remonstration platform for pain relief and deepak station. Richard develop the technology behind saana to eradicate his own life threatening pain. Problem following a spinal cord injury from a jeep crash near saana in yemen and nineteen. Ninety-two richard has an mba. From the wharton school in healthcare and also a law degree from the college of law in london the original benchtop device removed all his nerve damage pain in three months saving his life. He has spent twenty five years developing the sonnet technology from the original benchtop device to the current device undergoing clinical trials sonnet uses pulsed light and sound and a heart rate variability feedback loop to guide the user in a deep state of relaxation. Clinical trials have been completed in opioid use disorder and fibromyalgia and sauna is launching in fibromyalgia and twenty twenty one however is available today and richard is going. Tell us more about it. And i'm just really excited to have the opportunity to interview richard and have them bring forth this technology to to the the world richard such a pleasure to have you here today to be thank it. Yeah and so before we dive into saana and it saana dot. Io folks if you're curious tell us a little bit about you and what got you into healthcare thank you yes as a nineteen year old kid. I was traveling in in the yemen. And i was given a choice of a head on collision in my jeep next to a petrol truck or two gulf bridge and i chose gulf a bridge. 'cause i figured We would either way. There would be so remains to find if i went to the bridge. Say dance with dry riverbeds sixty foot dying and cheap crumpled up A results in spun good injuries from thc ten. Which is betty button level plus a traumatic brain injury and they say old. That was why. I had to be medevac k. I was clinically dead for eight minutes back to matt intercom a middle of that resulted in damaged problem that was say sparrows given a five year life expectancy sarabia. It was the question of near figure. Something i myself or old. I say that was the mother of invention necessity. It's unbelievable i mean that is crazy. So you're driving a jeep and there's this truck just heading straight at you and you're like explosive beth falloffs bridge and you just made the choice. I mean like when that happened. Richard to win you actually remember like what point jr actually start remembering what happened and gained consciousness. And how did they find you so it was semi passenger was burglary but was in good enough shape to festival shine in arabic. So the people watching the right to danger. Petrol cigarettes is they were running. Schools tile passwords lit cigarettes. In khao is everything was checked in the gasoline tank Say yeah ben. E managed to get them to throw away the cigarettes publicized and transported us to vote what they very loosely called the hospital. And that's my friend. Got the insurance companies to send them back pain coming up. Unbelievable i mean. I mean that is just unbelievable Era miracle the be here spell. And i'm sure that the road to recovery was not easy for you and you know lots of gain. You said i had to do something about this. And that was the beginning of sauna and so you've made leaps and bounds. Since the beginning you're recovered very happy for you. Richard and As i'm sure your family is to so now you have this device and this company. Why don't you tell us a little bit more about what it is how it works and that way the listeners could get educated on it including myself suddenly say basically. All pain is some combination of central mediation. Which has had brain prices pain and prefer plain. Which is the signal coming into the brain. Now with mike pain i had sponging. Tbi and i was on very extreme faction where it was all about how the brain was pricing pain signal. But it wasn't really paints were coming up from my spine. It was essentially corrupt. Data stream is very similar to what you get with phantom limb. Actually being told her in pain is being told your visits we had signal. That doesn't quite make sense. Say with me. I was very rainy. Lucky the original device was able to wipe all by damage pain
The H-1B visa program is about to get another reboot
"Incoming biden administration promises a more open approach to immigration including the h. one b. visa program for highly skilled foreign workers employed by us companies. The trump administration has moved to restrict foreign work visas this summer and executive order temporarily halted new h one b visas and last month the labor department announced new rules making them more difficult to qualify for this matters to tech of course because the industry employs a huge portion of h. one b. visa holders in jobs companies say. There aren't enough skilled. American workers to fill britta glennon as an assistant professor at the university of pennsylvania's wharton school of business denial rates for new h. b. petitions under the trump administration rose from six percent prior to trump coming into office to thirty percent of any policy changed. That's internal memos that have basically increased the number of requests for evidence slowing processing just generally making it more difficult to get approval. So that's something that that biden can change. What could a more friendly administration in terms of foreign work visas mean for american workers who you know many of whom supported president trump and might be concerned about their jobs. Actually there's very little evidence showing that that immigrants take american jobs in fact there's more evidence showing that skilled immigrants create american shops. And so you know. I think i would say they shouldn't be worried about this. They're not taking their jobs. And in fact the response to reducing immigrants is not giving americans job sexually just taking those jobs to another country
"wharton school" Discussed on Scientific Sense
"Yes. So so I want to inconclusive of this paper are going to. Go through the four sort of questions you set out to answers. The first one is dead subscription program generate value for the full danced to that as a Yes for sure. Yes, and the next one is is a subscription program effective in inducing customers to change their subsequent behavior because of the membership itself and economic benefits associated with the program and is. Yes, it sounds to me right correct economic benefits about one third and other. Okay. Okay and helped us the effect, a total and net visi across customers over time. Talk a bit about what sure certainly and so I'll put a caveat also point number one will come to that later but let me answer the question you had. So typically what you would find and what we find here as well is that anytime you introduce a new feature and this is not just for subscriptions to many companies even changing kings simple things like you change something websites you can find is that there is a sudden increase in traffic perhaps people using that y just simply novelties you know something has changed process people like try out. So. If subscriptions only doing that what you should have perhaps in that there is a sharp increase when people become subscribers, but quickly, the nobody goes away. But what we do find is that indeed there is a shop increase, but the novelty starts dropping. Quickly enough that's good for the company and over time it actually stack of settled down amount, which is bigger than what they were buying before. And so in that. Will impact of the subscription much longer after the became obstacles, right right. So the net present value for the company is is lot higher exactly not hiring. Yeah. The. One caveat I'd like to hear which goes beyond the people as well. I'm working on another word the next version of this paper it's under review right now. So we bring up some of those. Aspects in that next worship and I'll be happy to send it to you if your interest. To look at an which is a very important point for the company's Today we started looking into operation side of. It is I'm you know this company just like Amazon prime that you mentioned and other companies obviously one one part of the subscription is free shipping. And you can imagine that..
"wharton school" Discussed on Scientific Sense
"That probably would be dogged. So. So just to my understanding regular. So you say only one third of the effect on customer purchases is due to the economic benefits. The customers making an economic decision and yes, is just add to them becoming a member. Very the point and so couplings we wanted to also look at. So for example, take any program Amazon as an example or even this company that the one that we worked with many of these programs are not just simply about economic benefits. Yes. Get it obviously the part of the program. Getting program, it's about you know kind of taking your customers that you were interacting with before and perhaps giving them a more exclusive set off course. So what you want your current customers to feel like is not just a got a good deal so to speak, but they're part of an exclusive club. There's something intangible something more psychological, and so what we wanted to see was off the totally in fact, we just discussed which is the true impact causal impact program. Before the. It, how much of that would be because of simply getting better prices better do so to speak right and how much is remaining, which perhaps cannot be explained by changes in prices. But. Then he might be because of the structure of the program. Let me give you one example in this example or in this which is true for many many programs as well is one interesting feature. This was that and this is of course. Inducing product with this company is that they basically said, why don't you pay fifty dollars up front? To become a member. And we give you, back to dollar gift card. Interesting and you might wonder like why do that? It's like give fifty dollars gift dollars in some sense it's kind of. Like. It's like a little bit surprising but if you think about it and this is again just for your reader for your listeners, this program was in a cosmetics industry, which is very, very competitive and so what the company wanted to literally do was even though they're getting fifty dollars and they couldn't get back rescued or discard what have actually done is kind of media money non fungible. By going to buy from a company and you're saying look I want to be paid fifty dollars..
"wharton school" Discussed on Scientific Sense
"Up in subscription. So clearly, subscriptions are something that people are very interested in from company point of view. What these people was looking at was looking at you know what are the impact subscriptions and the reason why this question is interesting is if you can, if you think about it. Then, you try to look at the impact one can sort of naively look at what was happening before somebody became a subscriber and what happened afterwards that's a possibility. But what's the problem there the problem of course that these subscribers don't become subscribers by John's. Perhaps. You can think about Amazon prime or whatever the case might be your favorite subscription yet. You look at it. You look at your usage for a little while you say, well, you I'm buying a lot of things from. looks like it's quite good overtime start by more from some policy you know what? It's probably better for me to become a subscriber. So that's what I would call self selection, which is rather than impact subscription overtime people became subscribers while they wanted to become one because it's probably good for this. So they got some day taken some historical data and informed decisions local. Back. Yeah. Where are you seeing? Probably goes both ways as well. At some point you're on a subscription over time you see yourself not using it. At some point, you might say look, it's not worth my while. So in that case, then if a if a company really wants to know what's the impact of the program that they have introduced. It's not sufficient to simply compared the forces after. Because clearly, you ought in some sense of putting things together. One is the self selection that we just talked about you together with the actual impact program. Ideally, what company would like is that you know somebody became a subscriber let's let's take an example guild became a subscriber are not only was he finds something from us before, but the amount is buying now the variety of things by now, all the other things have gone up why?.
"wharton school" Discussed on Scientific Sense
"Welcome to the site of accents podcast. Where we.
Mary Trump's scathing book claims Trump paid someone to take his SATs
"There's another memoir coming out that paints less than flattering picture of president trump and this one is written by his niece. Mary trump who was a trained psychologist. The upcoming book is called too much never enough. How my family created the world's most dangerous man, and what? We don't know everything in this book yet. News organizations like the AP CNN and the New, York, times got advanced copies, so they release some details in the book. Mary Trump wrote that Donald. Trump paid someone to take sat for him, and that's how he was able to get into the Wharton School of the University of Pennsylvania. Portrays, her uncle as a sociopath, but the White House says not true Deputy Press Secretary Sarah Mathews, said quote, Mary Trump and her books publisher may claim to be acting in the public interest, but this book is clearly in the author's own financial self interest, several trump family members also tried to stop the book from being published, but court ultimately ruled against them and allowed it, so it's set to be released next
"wharton school" Discussed on News 96.5 WDBO
"Of the Wharton school of business was recently asked on CNBC if the effects of the corona virus would have a long lasting change in the way we invest at least his perspective on this he pointed out something interesting how low interest rates and possible inflation might affect bonds I think the forty year bull market in bonds which is one of the longest bull markets in world history is over you know moderate inflation is not bad for the stock market it is terrible for the bond market god he is says voice I can't even almost focused on what he's saying I'm sure he's a smart guy I was focused on what he was saying Kristen us about this with bonds I mean what role do they really played a portfolio because I know that when people are seeking air quotes safety traditionally they have gone to bonds well it's a nice audio clip but again we're stating the obvious I'll be honest in here the whole the whole interview Christian ones that what I heard is we just said and so I don't want to speak out a line but just say Hey listen I think the bond bull market is over is kind of an obvious statement if you look at the reason we had a forty year bull market in bonds is because if you go back to the late seventies early eighties and interest rates were super super high right those us who can remember the Carter administration what happened there interest rates could really only go in one direction they were coming down for that forty year period of time which is helpful for bonds if interest rates are coming down it helps bond values but of interest rates are going up is the opposite it hurts bond values so for him to say now that interest rates are essentially at all time lows but I think the bull markets over its got an obvious statement because if interest rates go up which is pretty much the only direction that they can go obviously if you study the sort of thing it is her sponsor will August now my concern and I want to just apply it to more real life comma incense and busting and again Chris and that's really where were our clients are individuals that have four oh one K.'s and higher res and trust accounts for maybe they sort of business and they're trying to find a way to invest money to make money moving forward you have to look at allocation so so many times people will build an investment allocation based on somebody checking boxes off of a form then they find out that they're a moderate investor and the next thing you know they've got a portion of their portfolio in bonds and a portion of their portfolio in stocks and sometimes it's not specific stocks and individual bonds sometimes it's bond funds or stock funds and it's very very hard to track particularly if this isn't a four oh one K. or something like that Kristin pretty much your only option one times is going to be the funds mutual funds that are in those accounts maybe some ETS but here's the thing if you don't understand your allocation and we are can be I mean I'm pretty confident as well I agree with them that bonds aren't likely to do well moving forward even if a moderate investor and let's see I had half my money in stocks and having money in bonds I would want to be looking at alternative sites I don't think I want half my money in something that's not likely to do well because I'm pretty darn certain that interest rates going to be going up moving forward that's not a crazy expectation particularly with all the stimulus is going to have to be paid for in some way so what I say is it's okay to continue to be a moderate investor and it's okay to have quote unquote a diversified portfolio where your percentage stocks and a percentage something else but you should probably understand all of your options when it comes to fixed investment options because first of all bonds aren't the only option there are some some bank investments that are liquid and probably more attractive than bonds right now but at the same time if you have an actively managed portfolio where somebody isn't just sticking you in bonds and leaving it there there are opportunities inside of a managed portfolio that create scenarios you wouldn't have and what we call it quote unquote hang in their portfolio so if you're trading a bond portfolio as opposed to just hang in on bond portfolio you're not caring as much risk as a hang in their portfolio with interest rates so this is important and we we just want to recommend to people don't just take for granted that your portfolio is well diversified take some time to understand it but if you're not able to do that on your own we can certainly do that for you and just in detail help you understand what's likely to happen moving forward with with everything that's.
"wharton school" Discussed on KNST AM 790
"Time okay something else here folks like I just I was looking at the drudge page and there's a there's a graphic companies in this story and it's all about doomsday forecasts for the next few months in America the doomsday forecasts are the result of a model from the university of Pennsylvania Wharton school now this this model which is a relatively new model on the Sam it's been out there but we haven't it is not been a top two models that are constantly cited the one from the U. K. and the one for the state of Washington but the university of Pennsylvania's Wharton school which is by the way trump's alma mater and we're big point here the Wharton school model is predicting ready for this that I love that I love that I looked at a lot covert nineteen cases are going to reach five point four million and the death toll could be two hundred ninety thousand by July twenty fourth that is if there is re opening and if there is no social distancing but don't worry because the warden model only predicts four point three million cases M. two hundred thirty thousand deaths not two hundred ninety thousand by July twenty fourth in stage three open but continues social distancing nobody in the real purpose of this is since everything is politicized since everything has been corrupted by the left touches what do you think this is this is the new version of two point two million people could die if you don't shut down two point two million people could die they don't mitigate this is all part of the relentless effort to prevent or to slow down the re opening of the U. S. economy that's all there is do not doubt me it's an attempt to scare everybody injure resisting opening up even if your state opens up you're supposed to stay scared and not participate that's the objective here right now there is a lot to consider when selling a home home equity is high housing inventory is down and interest rates are at an all time low but.
"wharton school" Discussed on NewsRadio KFBK
"And I'm not saying something else here folks like I just I was looking at the drudge page and there's a there's a graphic companies in this story and it's all about doomsday forecasts for the next few months in America the doomsday forecasts are the result of a model from the university of Pennsylvania Wharton school now this this model which is a relatively new model on the Sam it's been out there but we haven't it is not been a top two models that are constantly cited the one from the U. K. and the one for the state of Washington but the university of Pennsylvania's Wharton school which is by the way trump's alma mater very big point here the Wharton school model is predicting ready for this that I've done a lot but I love that I looked at a lot covert nineteen cases are going to reach five point four million and the death toll could be two hundred ninety thousand by July twenty fourth that is if if there is re opening and if there is no social distancing but don't worry because the warden model only predicts four point three million cases M. two hundred thirty thousand deaths not two hundred ninety thousand by July twenty fourth at stage three open but continues social distancing nobody in the real purpose of this is since everything is politicized since everything has been corrupted by the left touches what do you think this is this is the new version of two point two million people could die if you don't shut down two point two million people could die could not mitigate this is all part of the relentless effort to prevent or to slow down the re opening of the U. S. economy that's all there is do not doubt me it's an attempt to scare everybody injure resisting opening up even if your state opens up you're supposed.
"wharton school" Discussed on Newsradio 600 KOGO
"Okay something else here folks like I just I was looking at the drudge page and there's a there's a graphic companies in this story and it's all about doomsday forecasts for the next few months in America the doomsday forecasts are the result of a model from the university of Pennsylvania Wharton school now this this model which is a relatively new model on the Sam it's been out there but we haven't it is not been a top two models that are constantly cited the one from the U. K. and the one for the state of Washington but the university of Pennsylvania's Wharton school which is by the way trump's alma mater and we're big point here the Wharton school model is predicting ready for this that I've done a lot but I love that I looked at a lot covert nineteen cases are going to reach five point four million and the death toll could be two hundred ninety thousand by July twenty fourth that is if if there is re opening and if there is no social distancing but don't worry because the warden model only predicts four point three million cases M. two hundred thirty thousand deaths not two hundred ninety thousand by July twenty fourth at stage three open but continues social distancing nobody in the real purpose of this is since everything is politicized since everything has been corrupted by the left touches what do you think this is this is the new version of two point two million people could die if you don't shut down two point two million people could die could not mitigate this is all part of the relentless effort to prevent or to slow down the re opening of the U. S. economy that's all there is do not doubt me it's an attempt to scare everybody into resisting opening up even if your state opens up you're supposed to.
"wharton school" Discussed on KTOK
"Radio one thousand K. T. O. K. I'm okay something else here folks like I just I was looking at the drudge page and there's a there's a graphic companies in this story and it's all about doomsday forecasts for the next few months in America the doomsday forecasts are the result of a model from the university of Pennsylvania Wharton school now this this model which is a relatively new model on the Sam it's been out there but we haven't it is not been on the top two models that are constantly cited the one from the U. K. and the one for the state of Washington but the university of Pennsylvania's Wharton school which is by the way trump's alma mater very big point here the Wharton school model is predicting ready for this that I thought I thought I thought I looked at a lot covert nineteen cases are going to reach five point four million and the death toll could be two hundred ninety thousand by July twenty fourth that is if if there is re opening but don't worry because the warden model only predicts four point three million cases M. two hundred thirty thousand deaths not two hundred ninety thousand by July twenty fourth at stage three open but continues social distancing nobody in the real purpose of this is since everything is politicized since everything has been corrupted by the left touches what do you think this is this is the new version of two point two million people could die if you don't shut down two point two million people get diving on Medicaid this is all part of the relentless effort to prevent or to slow down the re opening of the U. S. economy that's all there is do not doubt me it's an attempt to scare everybody into resisting opening up even if your state opens up you're supposed to stay scared and.
"wharton school" Discussed on WMAL 630AM
"And I'm not saying something else here folks like I just I was looking at the drudge page and there's a there's a graphic companies in this story and it's all about doomsday forecasts for the next few months in America the doomsday forecasts are the result of a model from the university of Pennsylvania Wharton school now this this model which is a relatively new model on the Sam it's been out there but we haven't it is not been a top two models that are constantly striving the one from the U. K. and the one from the state of Washington what the university of Pennsylvania's Wharton school which is by the way trump's alma mater and we're big point here the Wharton school model is predicting ready for this that I love that I love that I love that I looked at a lot covert nineteen cases are going to reach five point four million and the death toll could be two hundred ninety thousand by July twenty fourth that is yes there is re opening and if there is no social distancing but don't worry because the warden model only predicts four point three million cases and two hundred thirty thousand deaths not two hundred ninety thousand by July twenty fourth at St three open but continues social distancing nobody in the real purpose of this is since everything is politicized since everything has been corrupted by the left touches what do you think this is this is the new version of two point two million people could die if you don't shut down two point two million people indicted on Medicaid this is all part of the relentless effort to prevent or to slow.
"wharton school" Discussed on ESPN Chicago 1000 - WMVP
"With the spurs sensually your grandmother knew Peter Holt the owner you know you're at the Wharton school at the mission Pennsylvania which you know certainly a breeding ground of future sellers William in their stronghold department now yeah it's it's been great you know it's it's a traditional path to to work with a great pop of its R. C. Buford you get this internship and you spend a year first tell tell me about that first year as an intern who you're working with what they had you doing so is actually a summer internship between my junior and senior year so like you said my grandmother knew Peter hold on one of the servers and I was fortunate to be on the phone with him he said well what you want to do is set up I love to you know shadow with the GM you know and what better way than to work with you know best GM and all sports RC Buford ands did that you know for three months was working at that time you know Sam Presti was still there rob Hennigan was their dell Demps was there R. C. was always in there I was doing everything cutting up film Senate meetings taken you know hand written notes before laptops for a lot of meetings having to go transcribe that back on the computer Dublin tapes you know deck to deck VCRs running guys from the airport for draft workouts doing whatever you know I'm just absorbing and learning go back my senior year come back you know work with the same group same it moved on you know become a GM but was really focusing on just cut up a lot of film you know for our draft prospects in trade targets whatever they needed for the draft room but that allowed me to have exposure to so many different areas I was in the video room so much being around the practices I would be in all the front office meetings from all the trade you know dealings everything they just bought the my early teens so all the you know first year sensor making a builder Miley program so I was doing all kinds of stuff just kind of you know absorbing all the information that I could you know that was my mentor Ali going as you know this was kind of like an opportunity to take my passion for basketball my passion for business I went to business school what am I gonna do with that degree and let me just absorb and learn as much and the great access to the spurs and R. C. gave me was second to none and you know and then I flip over to coaching so did you imagine at that time that there was anyone that organization who looked at Taylor Jenkins and said that's a future coach with us no I don't I don't I don't think so you know hopefully I was kind of just said the path where there's like this guy lows basketball he's a hard worker he wants to learn he wants to grow and he's gonna be in this business in some capacity you know that that was hopefully the kind of pathway and you know reputation I was building but the coaching side it was definitely a little bit of shock when I finally said you know what I'm I'm ready to coach are.
Kobe Bryant Merchandise Increases In Value But Not Everyone Is Cashing In
"Just may not be the most important aspect of the death of basketball star. Kobe Bryant but after the helicopter crash that killed him some sports fans are buying or selling Kobe Bryant Memorabilia. They face a choice. Try to profit from tragedy or try to honor his memory for member station K.. PCC in Los Angeles Austin Cross reports just minutes after news of his death. Kobe Bryant related merchandise started moving fast especially the sneaker pretty much the the same day that he passed everything that we had available was just gone. Candice Grey Works at Shoe Palace on Melrose Avenue in mid city Los Angeles that the following morning we got hit. Very hard with a lot of people will Hoping to be able to grab whatever they could as far as remembrance but while some shoppers were in it for the sentiment others were just looking to make a quick buck by flipping the shoes online on one website. Shoes made famous by Bryant began selling for well over double what they were just hours hours before. Not Uncommon says robbed at the Wharton School. Well when a celebrity dies there are certainly a lot of human sentiment involved nettle spike demand. Demand in the market isn't necessarily ready for that leading to higher prices on a range of items. But did you see says the spike is just that prices level out over time that means dealers and fans must choose whether to sell now or hold on. Kobe's were here put away scattered everywhere at secondhand sneaker shop cool kicks also in mid city co owners deal Shannon based on artists chose to hold onto them. The store stocks several models released over Brian's career but man it's after news of his death the to pull them from the shelves. We felt like all the resellers Sakaria Sakari store and take all of the items. Try to make money off of his name and we were opposed to that. Everyone wants to come in either looking for an item or they want to sell the item they have you know the profit because you know they see a market gets going increasingly crazy right now to over one hundred pairs now. Sit in a bathroom kind of has this almost like a church like feel in a way because it's like these are the last of the last is that yeah as I look because while we're doing this interview I'm just looking around at the difficulties because you remember the games. He played in wider release. You know it's hard to deal with. You know not having this. The the shoe released known why that person because Kobe. Bryant's Gone Ryan's fan base. In China and Europe made him an international figure translates to a world of collectors and fans hoping to get their hands on a dwindling number of relics. Now now priced out of reach for the average sneaker had for instance. GM says pointing to a pair of Kobe ones. We had a reselling seven hundred fifty dollars and now that I'm looking at it. This shoe who is not even an existing. You find this on line. The closest shoot in this is is the nine half palm for twelve thousand dollars this is. This is my first time. Actually seeing this champs and artists don't plan to sal anytime soon and they're not the only ones putting passion over Prophet Candice Gray who we met earlier doesn't just sell Kobe gear gear. She collects it herself number. Eight Jersey Number Twenty Four Jersey. I have the og pros. I have the pros. That just came out and she doesn't plan to sell they are. You're going to go and glass. They were going to be idolized by my children's children. I I don't want to have to worry about not having something that my kids can have tangible manageable to be able to explain the magnitude of who Kobe. Bryant was though prices may sore for fans like gray memories are
Stefan Krasowski on Visiting All 193 UN Countries
"Steffan Krzyzewski come from Minnesota in the US. I've I just recently gotten to one ninety three. UN countries which is why we're talking today. You bring me back for follow up. But I'm happy to be here I don't remember that comment but I'm glad to have you back and curious to hear a little bit of your final part of the journey and I just wanted overview a couple of different different things to remind the listener Remind us again. Why the love of travel was the catalyst what spurred your love for expiration in discovery like many many in my boat there? There's a collecting background. Where you you get interested in collecting different things and I did not travel much coach growing up? My parents not not active travelers so it was my high school junior year trip to China. We had started studying Chinese Back in fifth grade grade and went to China and traveled around and it was just eye-popping exciting thrilling and so as soon as I could I went to college and University of Pennsylvania Wharton School Philadelphia but spent semesters in Shanghai and Hong Kong and then moved to China right after graduating college. And the you've been in Hong Kong. I arranged at ride classes three days a week and just every every Wednesday night I would head the Shenzhen. See what buster overnight train rain was leaving in hop somewhere new and got addicted traveling in China going every province in in the country. And then step-by-step expanding out to the region and the wider world pulled out of curiosity. You didn't come from travel family. What's your family? Think of what you've done what you've accomplished in the travel world world totally supportive. Do they think you're a little crazy. What's going on when you get together for Thanksgiving? Oh I've got one wonderful parents sand and Brother who's a doctor and a scientist who's WHO's very different although we both Studied Chinese at the the same starting and he studied in China in highschool so my parents Prince of been extremely big about education that they work worked to put put us into the best schools that that we could get ourselves into an and get that environment and Mother reading to me every night Even when I developed an interest in books like James Bond or Tarzan in bucks as a as a first or second grader that would have pretty racy stuff she wouldn't our through and and Be Happy to expose me to to new ideas. A Matt so the circumstances weren't for for them to be traveling a huge amount growing up but they're always been very supportive and and As as both my brother and I got older than the I was living in China my parents did start traveling and in quite a quite a lot of times they visited me. TRAVELLED AROUND DOWN SO my father's a adult of million miler now so it's it's certainly not not anti travel in out of curiosity whose commander and his better yours or your brother. I should hope it's me because I still go back several times a year and actively do stuff with China and he hasn't significantly kept up with it since since going into medical school. I mean I know he did say at the time that Learning Anatomy class was pretty easy Z.. For him when when he had been studying Chinese characters for some time but when he was when he was at his best to you. As far beyond me reading classical Chinese the It's it's it's much more different than than say Latin. It was never a spoken language. The written Classical texts are incredibly hard. Pardon any was brilliant that I can. I can get through the first few sentences of the Dow ditching and and that which is which is hard enough but He was he was way beyond me as scholar. Could use to your brother in and Stephan. What was that inflection point? So you explain how you really were taking advantage of semesters abroad in Hong Kong China the region starting to explore like crazy. What was the moment when you decided to chase when ninety three? What was that light bulb moment? It was. It was somewhere around Azerbaijan Georgia Armenia trip that I took from China on one one of the holiday weeks that that China has an at that point I was had been to just about every country in Asia and and was loving it than in seeing the possibility awesome -bility of doing much more in learning learning about frequent flyer programs which was making some of these possible Places like the caucuses were connected to China. Southern routes in Chai from China and Could use my north west and then later when they became Delta Delta Miles on on these is trips so things that I thought were previously unattainable for time or cost reasons were suddenly feasible and and And I never I never had an interest to be a full time traveler even if I had unlimited resources for that I push myself very hard on trips. The I've I've taken several three week trips Only wash twice longer. Once a four week I think in the that was in Central and west Africa and a five week around the Pacific and I was so exhausted after three weeks of pushing myself that that is the the long term travel all thing wouldn't wouldn't fit for me and and professionally isn't isn't where my interest lies and and certainly not as it is where my marriage marriage would be taking me so the I like short intense trips. It but was there a day where you sat around and counted up the country's on the map happen you saw that you're at fifty or a hundred and then you read an article. What was that final? Push where you said okay. I've done this now. I can do that. There was more of a a different back back to that other by John. Looked at within. The cost was to get to Nakhichevan which is a separate part of other by John that on the Traveler Century Club list as a separate territory and it was it now? It's quite easy to visit in affordable all and more flights at that point it was it was looking that expensive and I decided I'm not going to get addicted to a crazy list like that and subsequently I've ended knocked divide and gotten addicted to that list but it was It wasn't it was it was Wasn't necessarily one day except perhaps perhaps when I got got to eat team more. So that was the last country in Asia that I hadn't been to and did say I went to to all this trouble to get east team or deal with Indonesian and flights which wonderful delightful country in many ways except traveling Logistically is Is One where a lot of things. Don't go to plan and and So once I got to East Timor as I'm going for the UN Stephan. You're last on counting countries actually November of twenty sixteen eighteen. And you're at one hundred eighty six countries at that point. But you didn't finish your you analyst until August of Twenty nineteen in for some travelers. That's a lifetime Some travelers as we know have done all one hundred ninety three during that same time period. So you took your time to finish off the last seven countries I want to focus on four of your final five two of them. I found pretty surprising in two. I didn't so your final countries was Italy. How did Italy early of all countries end up being one of your last countries? There were three that I was saving to the end of Italy Greece and Turkey and and Mainly not not so much animus. I'm really WANNA have a big party or something. It wasn't that it's it's I'm history is my favorite subject fascinated with ancient history. And all of those three are are are so special in central to to world history and world world civilizations that I wanted to to save them to really enjoy lavish in terms of time and and Destinations destinations trips to go. So that that was the original thinking and then What will get into why I got stuck on on a couple of others and so then finally I just? I just couldn't wait. These are wonderful places that I'll visit multiple times in my life but That that that roughly was the idea As well as the flip side is after seeing so many ancient Roman ruins in North Africa. That have this kind of thinking. Why should I go to Italy and see the crowds? But you know that's just that's just one of the ten thousand different things that are fantastic by deadly to to go see show as a history buff. You mentioned Italy Turkey Greece. What's a highlight for you? Visiting those countries by all of all of the above. I mean it's it's just incredible. How you You could pretty pick pick any point on the map and see multiple layers of of incredible history I mean what I. I walked off the plane Lina in Milan. I had booked the trip like a week before last minute and I can only get one one ticket to the last temptation Or the Last Supper or the last supper painting and and I had like an hour and fifteen minutes from touchdown in Milan Malpensa to to getting getting getting in the door picked up a rental car drove as far as I could into the city abandoned the car where other people were illegally. Ugly parks hopped on the subway and guide in and saw that and and So Italy I've really I've really just started. I've been a bit in the North's I've I've seen the Vatican again but I haven't properly visited row. I've been around Sicily different territories in. It's it's just pick your pick your time in history Greece more specifically the ancient In the ancient era I mean I just gets it gets incredible to. You're just driving down the road and you see the road sign Its Tab obeys in the ancient Also known as thieves. And now it's just a a scruffy scruffy town but just pull off the road and spend the night there because these names out of history are incredible and and the answer Turkey Turkey. I took a A road trip from von the famous Lake van in the Armenian Indian churches in the East and drove all the way across the country The the more or less southern route through the Kurdish areas than around the Jian coast and So many eras of history from the first Essentially I city of multi-level housing and that goes back back. Thousands of years all the way up to the modern times. I mean it's just I just couldn't i. I had take UNESCO sites off the list because there's only so many you you can see in a day it's It's incredible and Turkey actually. has this fantastic museum pass system where you can get the countrywide one or you can get one. That's for a week league or are some regional ones arrest Boland's and the prices are so low and every mega site in the countries included. It's it's not like many countries where the tour pass includes everything except the one really must see
2019 Has Been Good for the stock market
"The clock is running out on twenty nineteen giving us a chance to see just how well the stock markets did for the year which was a real good hand a steep casting mom tells us there's no sign of a let up Michael usually trading is kind of a light in the days between Christmas and the new year many on Wall Street take some time off and not much news is made but when the closing bell rang yesterday stock prices have risen into new territory the S. and P. five hundred climbed the point three percent and reached a new all time high the nasdaq composite closed above nine thousand for the first time ever and the Dow Jones industrial average closed up almost one hundred and six points to twenty eight thousand six hundred and twenty one setting yet another new all time high in fact stock prices have climbed so much the S. and P. five hundred is up three percent this month eight point six percent for the quarter and twenty nine percent since the beginning of the year much of the increase this last quarter of the year was due to talk of a phase one trade deal between the US and China Jeremy Siegel is a professor of finance at the Wharton school now that the trade war appears to be cooling off he doesn't think we'll see a reversal in question is his trump is you know approaching selections in ten eleven months the stock market has been his biggest positive point you cannot at all tolerate that turning south on him but he doesn't think this upward trajectory will continue as it is I think two thousand twenty there'll be a lot tougher than two thousand and and nineteen not a bad year and in fact if we could get a real trade deal with China it could be it could be a good year when it comes to a phase one trade deal with China it remains to be seen whether one side or the other is benefiting
Shoppers expected to spend $730 billion this season
"Shoppers are expected to spend even more money this year than they did last year. The National Retail Federation predicts that over the holiday shopping seasons of through Christmas Americans. We'll spend around seven hundred and thirty billion dollars. That's with a B. A lot of that will still happen at physical stores but a survey from pricewaterhousecoopers. WBZ for the first time this year found that the majority of shoppers are saying they plan to do most of their holiday shopping online like Lou rather than in stores and that's actually really one of the reasons why to me and a lot of retail watchers one of the biggest themes this year. Is this slow. Change of the meaning of black Friday is beginning to disappear or is it just going join online. Well we have to clear. That still is the busiest shopping day of the year for most stores but for the past two years the number of people oh heading to stores Ford. Those doorbuster deals has inched lower. Shoppers are now armed with smartphones. They can do instant price checks on. What's going on at other your stores? Is it worth standing in line. Here I talked to Peter fader professor at the Wharton School of the University of Pennsylvania and he says more stores are also realizing that maybe the people who only show up one weekend November are not the best customers and so they're broadening their appeal with really strong online discounts and sales on so many days of the year including more made up shopping holidays like cyber Monday this coming Monday or prime day and this year also because the calendar gave us a super late Thanksgiving there fewer days between now and Christmas some stores started offering black Friday sales like weeks earlier back in October and and all this is washing out that meaning of black Friday. It's still huge but maybe not the focal point of Holiday Shopping Alina. What's going to make parents desperate this year? Your people stand in line. What's GonNa be big well? Overall the top sellers are close and gift cards. But then as you're alluding to the toys are huge. Actually my colleague. Dr Is Rafi. Spent Black Friday. The iconic toys R. US. You may remember. The company went bankrupt in twenty seventeen but a former executive is trying to bring back starting with two locations. The first one in New Jersey opened on black Friday and they are Darius spoke to shopper. Monica Mallon it's been kind of a staple growing up so so we've been doing black Friday on toys for many years up until they closed their doors so excited to see come back and as far as the hottest toys of the season. Go the classics like legos and barbies. Hot Wheels American girl dolls. They're still at the top of the list for many shoppers but Internet sales tracked by analytics. Showed that so far this week online. Fine the biggest sellers are yellow surprise dolls and pretty much anything related to the movie frozen to Shows Fan at all off coming to a shelf near you. NPR's Lena Shell thanks so much. Thank you
"wharton school" Discussed on KUGN 590 AM
"Great the C. global dividends reach a first quarter record of two hundred sixty three point three billion that is a seven point eight percent rise this is all in the face of slowing suppose it's slowing economic growth US dividends total record one of twenty two point five billion during the period that's all eight point three percent pretty darn good right in the dividend index is called the Janice Henderson global dividend and invest close to ninety percent of American companies raise dividends we've always been a big believer I'm gonna believe it is what it is it's true I believe it's true the power of dividends in one's portfolio when you compare various asset classes over the past two hundred some odd years stocks have outperformed everything a matter on are these like gold currencies doesn't matter Sox win out over the long haul and I bought the time here on the program cited professional professor Jeremy Siegel from the Wharton school at the university of Pennsylvania now he did while he probably had as grad students do it calculate that the long run return on stocks is between six point five and seven percent a year after inflation pretty good right pretty good honestly believe not that's not good enough for some people they see the US terrible now six point five to seven percent after inflation pretty darn good Eric stops what an excellent hedge against inflation and it helps keep up purchasing power the thing is that most people Hey ill to realize is they think that stock market returns are just due to capital gains and stocks racing up through the roof that's not the case well the stock market returns can be attributed to dividends and dividend growth and of course the power of compounding Siegel analyze the S. and P. index since its inception and the results make the continued case basically given to pick stocks stocks that pay higher dividends have given investors higher returns with lower risk then the low end non dividend paying stocks bottom line is that in the long run dividend paying stocks give investors a much better risk return trade off I know it's not as sexy but that's the on some of the other hot tech stocks out there and what okay nothing wrong with having a portion your portfolio and speculating on certain things but this is foundational stop it is what you have to do watch on wallstreet dot com watchdog on Wall Street dot com is that our consultations with our certified financial planners don't go anywhere we'll be back because.
Disney and Netflix threaten to pull out of Georgia over new abortion law
"Politics is part and parcel of this economy. Sometimes it's subtle, sometimes it's not. But it is always there today is one of the not subtle times. Netflix, Disney NBC universal and Warner media have all said in the past day, or so that they are going to consider pulling production out of Georgia. If it's controversial new abortion, law goes into effect. Georgia has been something of a southern home base for Hollywood for years, now, thanks to generous tax credits. Mostly netflix. Shot stranger things in Ozark. Their Disney did Black Panther and avengers endgame. But both companies now say their employees might just not want to work in Georgia anymore. Marketplace's supreme Inishmore has that one. American politics can feel more polarized these days, and that has leaked into the workplace according to Leslie gains, Ross, and the workplace reflect the Sidey gins Ross is a strategist at Weber Shandwick had recently surveyed workers about employee activism. He by percent, said that if they were considering a new job, they would take into account and employers stance on issues at fence society. That could be all the more reason to stay away from polarizing political issues with sizeable factions on each side. But perhaps, not if you like Netflix or Warner media are in the entertainment business. Peter cappelli is a professor of management at the Wharton school, many of the employees that they see as most central most difficult to recruit, most difficult to retain, our people who have views they're quite different than the views on abortion or earlier, views restricting rights, L, LGBT community, otherwise put many of the stars. And key producers, and other talent companies need are opposed to Georgia's law, and they and workers in the US generally are in a position to make demands. Scott Dubrovsky is a spokesman for glass door or seeing the lowest unemployment rate that we've seen in decades, and so people have options into where they go to work net Warner media in Disney, all hedged their threats to leave Georgia by saying, they'd wait to see if the law goes into effect in two thousand twenty as planned that will depend on how court challenges go
Research Explores How 'Fresh Starts' Affect Our Motivation
"Yeah. I guess that's what it is. Whatever it is that you believe about today. It also tends to coincide with high spring as I call it on our way to summer, and we are seeing if you lived in a climate with four distinct seasons. I mean, I know we have seasons, but they're lightweight compared to if you live a little bit further north you will see green coming up from the ground. You will see buds coming on flowers and leaves starting to come on trees. It's very very exciting time. And so it's it gives people a feeling of new growth. And this is the power of what researchers call the fresh start affect Chever notice that when you start to create something new goal, a new to do list, and you really wanna get a motivated that if it happens you set a date like on Monday, I'll start that diet or you know, what I'm gonna lose weight for my wedding day. Or it's the beginning of the semester. I'm gonna get all my reading done for school. Right. So researcher researcher, Catherine milkman at the Wharton school discovered a fresh start. She found that visits to university fitness centers spiked around turning points. Birthdays beginning of semester, beginning the week. I mean, really who starts new exercise program on Thursday. Right. It's always like a Monday. So what they're basically. Saying is if we can harness this power, the fresh start will get more things done, and it's all psychological shift. Interesting enough. They did it with experimentally. They asked participants to describe goal. They would like to pursue. Then they prime them or prompted them because they ask them to imagine that they just moved to a new apartment. Now, they weren't planning a moving. We're gonna move, but they prime the brain by saying first of all tell us what you want to accomplish soon. Now, I want you to magin you just move to a new apartment, then they divided the group into two groups one group, they told them. Oh, and this is the first time you've moved in the last ten years, you have not moved in ten years and the others were told, but you're not too stressed about it. 'cause you move every year. Then they were asked to indicate how motivated they were to pursue their goal. And sure enough participants who imagined that. This was the first time they had moved in a decade where more motivated to make progress on their goals. So does this mean the chief their goals? No, that's the flaw in the research. But what it does is help us understand that if we can just make the psychological shift we can capture the new beginning. So I say this about Easter Sunday. I don't care if you're believer or not it is a set point to reset. And imagine that many animal babies are born around. Now, imagine that new life is happening in platform around you, and that yes, psychologically, this might be a time for you to bloom I actually like Easter and spring better than those dumb all New Year's resolutions that. Nobody keeps because it's the dark days of winter. They're still depressed and the days are short. And of course, they're going to go on eating that chocolate. But I'm gonna ask you to provide a psychological shift and say this is a new start this is spring. What am I knew goals? And what can I get done? Of course, if you're a college student or professor right now as I am with a desk full of papers to grade and college students trying to get those papers in it's sort of hard to think about new goals like how can I catch up around
What role does government play in innovation?
"This. Marketplace podcast is brought to you by the university of Florida Warrington college of business transform your future with an MBA from one of America's top ten universities. Learn more at Warrington dot ufl dot EDU slash MBA. This marketplace podcast is brought to you by equities N a premier platform bringing private markets to the public get access to tech unicorns like Uber. Airbnb and more sign up for free today at equities N dot com slash tech. A look at the secret sauce of innovation and it's less glamorous cousin adaptation from American public media. This is marketplace tech. I'm Tracey Samuelson in for Molly would. If you're a government day, the Chinese government looking to spur more innovation in your country. How do you do that you can think of innovation as a ladder of sorts? It might start with imitation. And then progressed you adaptation like tweaking a foreign idea to develop it for a local market. Finally, hopefully, you reach invention, perhaps even big industry changing ones. But the steps needed to climb that ladder can be elusive murky, and there's only so much governments can do says Regina abroa- me a professor at the university of Pennsylvania's Wharton school of business. I talked to her about China's efforts at state-sponsored innovation. It's something country. Can't cause to happen. It has to happen at a much more micro level, which is gonna what's the form of business organization in your country. Is it a collaborative is it a hierarchical places their scope for collaboration? What's the the nature of your education system? Are you teaching children to be problem solvers or are you rewarding? What are you? Awarding them for are you rewarding them for getting the answer's right or you're rewarding them for seeing something that you did wrong. But you know, I think we've I think we're at a point now where anyone who thinks that it's just about plopping cluster together meaning to say and China has lots of these right? Let's let's have one university in the next. Let's put a little tech park and extra. Let's do this other thing and magic show happen. It doesn't always work then then last, but not least. And this is not a trivial point you need a legal system where intellectual property is protected, right? Which is a chief US complaint about operating in China Raina, right? But it's not just us firms Chinese firms themselves also want to make sure that their IP is protected. It's interesting because the communist party's main in China twenty twenty five planets received a lot of attention recently for its attempts to you know, pick and develop specific Chinese industries is that type of industrial policy successful in fostering innovation. I think it's successful in fostering market leadership. Perhaps even market domination of a given sector within the Chinese context. And also potentially allowing for firms to compete in a way that gives them an advantage in the global marketplace. So it's not necessarily the case that industrial policy equals innovation policy. Yeah. So this idea of like, creative add patient versus a truly innovative breakthrough. But at a patient, you know is innovation. I mean, you know, as at the end of the day, this sort of hacking and making it work is a kind of innovation right? And certainly if we look at Chinese companies and their ability to sort of really target mid range markets, and how successful they've been in that space. It has been because they've been able to sort of make that those those adaptations that are targeted to our particular customer. They're trying to sell to. So it's it's not that China made in twenty twenty five has not succeeded in many ways it has. But that in an insane China the leading innovator in the world today. I think that we have to be a little bit more cautious on that front. Regina balmy at the Wharton school of business. Professor Rami made an important distinction. She said this isn't about the capacity of the Chinese people to be innovative. It's about the context and system they have to innovate within. Now for some related links. Professor brownie wrote an article called why China can't innovate in the Harvard. Business review back in two thousand fourteen much of that still applies today this China Morning Post had a couple of recent articles on China's intellectual property articles how they could be strengthened to meet US demands in the ongoing trade war and foster innovation the number of intellectual property rights cases in China increased more than forty percent last year and finally on the theme of creative thinking, there's this quantum magazine story from two thousand seventeen I just keep going back to it's about a retired statistician who solved a math proof others had struggled with for more than fifty years. He had the idea while brushing his teeth. I love stories of late bloomers. They give me hope. I'm Tracey Samuelson. And that's marketplace tech. This is a PM. You trust marketplace to cover more than business news. You rely on us to connect the dots between complex economic issues. And why they matter to you to keep public service journalism going, strong, please go to marketplace dot org today and become a marketplace investor with a donation in any amount, we appreciate your support. This. Marketplace podcast is brought to you by Kronos, look into any great business. Whether it's a manufacturer or a hotel a store school or hospital look into each and every one of them and you'll find the same thing. Great people at Cronos believe that great businesses are powered by great people. And with Kronos workforce solutions, it'll help you find them keep them and engage them. Learn more at kronoScom. Kronos, workforce innovation that works.
"wharton school" Discussed on Biz Talk Radio
"Is pure disrespect. You treat us like Muppets and puppets and morons in imbeciles. And could not give a crap what we think or what the future holds. You know, you're gonna be dead by the time this debt explodes. So what the hell let's solidify power base by spending the hell out of things that we don't have enough money. Just go into more hawk. On top of that the socialist party announced they're going to put together some new rules. Are you ready for this in order to make it easier to raise the debt ceiling? That case, you don't know the debt ceiling is just not a debt ceiling because. Ceiling supposed to be a place where you can't get through. Yet. The ceiling keeps going higher, and I still remember many many years ago when it was a sin to raise the debt ceiling. I remember many many years ago with their actual politicians pissed off and complaining about raising the debt ceiling. Yet. Now, it's norm. It's autumn attic to raise the debt ceiling, in fact. Economists that graduated from Wharton school at Harvard and Yale in northwestern come out and state that if we don't raise the debt ceiling. It's going to hurt the country. In other words, economists are telling us more debt is good. And the rating services say the same. If we don't raise the debt ceiling. Wigan look bad that we can't pay our bills. No, you ask clowns you already look bad because you're only paying your bills with more and more and more of the respected tax. Thus my almost vomiting when hearing Nancy Pelosi state. We all have such respect for our. Constituents. Yes. Thank you so much. Of course, today more. Kevin Hassett is he is the chairman for the economic council of Trump administration in case, you don't know along with a guy named last minute in one thousand nine hundred ninety nine that wrote the book Dow thirty six thousand right at the end of the bubble. Feel better now. I used to make fun of this guy Glassman. I'd even know there was a guy named manhasset involved. You know, what he did today came out and did an interview on a certain network stated? Oh, I'm paraphrasing. I didn't hear the whole thing. You see this apple news because a China? Well, there's more where that came from. Because others got the same problem. So the head of the council economic advisers, basically told the trillions of dollars in it's to sell. Because all these companies are gonna miss Wall Street estimates just like apple. Another moron. And if the administration signed off on that morons. They're what if I told you shut up? I don't want to hear the White House targeting these industry markets, go way do everything else about that. But no they have to get involved. And of course, the president did a bunch of tweets today about blah, blah, blah. And this that the other thing and everything's great one the phone. Yeah. Yeah. Yeah. And immigration this and immigration and billions of dollars tabs bub-bubba. He actually said that. The United States Treasury has taken in many billions of dollars from the tariffs. We are charging China and other countries that not treat us fairly. That's a lie. Bald faced lie by the president of the United States. And it's not like it's a light that you really have to check out. Or even verify it's an economic lie. So is there any wonder? But both parties. That market's doing what they're doing. Between Trump's tweets and Hassett between Pelosi. And that nonsense. I'd love to give you better news. I really would. I swear I would. I don't have any except. Another big down day today gets us close to the end. But I don't know when the end is in price. Or in time. So we will keep our fingers crossed that this bear market wherein. Finds a place where enough's enough the positives. Fed raising rates, again, the positives. Energy prices crashed a huge quasi tax cut for the consumer business..
China's Pork Industry: A New Effort to Help Farmers Modernize
"As the conversations over trade continued between the united states and china one important area involves various aspects of agriculture and for our conversations the need for pork in china is extensive that country is the largest consumer of pork in the world much of that has to do with the number of people in that country and their dining habits but the industry in china is a good size one but it is still a developing one in the last couple of years the wharton school in the penn school of veterinary medicine have worked with farmers and others on the pork industry in china ink conjunction with the pen wharton china center located in beijing doctor in green hall is deputy director of warton's leadership program and an adjunct professor of management here at the wharton school dr thomas parsons isn't a socio professor of swine production medicine at the penn veterinary school of medicine and they join me both here in the studio to discuss what they have been doing and great see again it's a while how it speed to see and to be on the other side of the mike right i know you're used to over here can we do some cross selling if you would like absolutely but if you like you can take out tom great meeting you thank you for coming in dan thanks so much for the opportunity thank you i guess let's start with how this program really started out in china working with the farm industry over there about looking at the pork industry so i think it really started through the opportunity university provided through the china researching engagement funds so it was an opportunity to go ahead and improve our presence in china and we've been able to partner with zoa which is one of the leading animal health companies in the world to start to formulate an educational program for chinese pork producers and i think from our perspective you mentioned the high amount of pork that's consumed there as a consequence of that there's a lot of pigs raise their so pigs in the world are in china so if you're interested in in pigs china's certainly a place that you you might wanna be that's say that's like a hotbed for for for.