I’m always fascinated by the unanticipated side effects of people’s actions. Here’s an interesting one related to housing. Housing has definitely started the current economic crisis – but no surprises there; it’s just simply people taking on too much debt. However, it might make it worse than other crises. Why? Well, when people buy houses,… Continue reading Unanticipated Consequences
Tag: Risk
Rolling The Dice
Glaxo Smithkline has a problem. It’s not creating enough blockbuster drugs. Its share price lives and dies by its ability to create the next Avandia. It’s a tough process as it takes, on average, 90 months (that’s 7 years!) and $802 million to get a drug to market (that includes the cost of all the failed… Continue reading Rolling The Dice