John Kay http://www.johnkay.com/ John Kay is one of Britain's leading economists en-gb Wed, 14 May 2008 07:10:30 +0100 Financial info@johnkay.com 600 Buy as bankers move from denial to depression Although the progress of grief is predictable, it is also slow. Sell on denial, buy on depression, was my advice to investors last year and it looks still valid today. industries http://www.johnkay.com/industries/547 Wed, 07 May 2008 09:00:00 GMT A ban on touts will not fix a rigged game The present systems of ticket allocation have much more to do with the maintenance of networks of patronage than the carefully targeted allocation of seats to 'genuine fans'. in_action http://www.johnkay.com/in_action/546 Wed, 30 Apr 2008 09:00:00 GMT An innumerate mistake haunting the government Do not tinker with the tax system for short-term political advantage. Tax is always more complicated than you think and the results come back to haunt you. political http://www.johnkay.com/political/545 Wed, 23 Apr 2008 09:00:00 GMT Lennon was right about music and the man The notion that extending intellectual property rights in the music industry would provide pensions for ageing and impoverished crooners is an engaging fantasy. political http://www.johnkay.com/political/544 Wed, 16 Apr 2008 09:00:00 GMT In times of complexity, common sense must prevail Confidence in the models used for risk management in financial institutions is a casualty of the credit crunch. Only information from outside the model – what we call general knowledge and common sense – enable us to judge the validity of the model itself. industries http://www.johnkay.com/industries/543 Wed, 09 Apr 2008 09:00:00 GMT How I blew my money on the wrong video discs There are historic lessons to be learnt from the recent high definition format war: the importance of the installed base and the unpredictability of consumer markets. industries http://www.johnkay.com/industries/542 Wed, 02 Apr 2008 09:00:00 GMT More regulation will not prevent next crisis Regulation in a market economy is targeted at specific market failures and should not be a charter for the general scrutiny of business strategies of private business. regulation http://www.johnkay.com/regulation/541 Wed, 26 Mar 2008 09:00:00 GMT No need to own the road: buy the tollbooth Mr Buffett's success demonstrates the weakness of one economic theory, the efficient market hypothesis, and the strength of another – the central role that the pursuit and defence of economic rents plays in modern corporate life. in_action http://www.johnkay.com/in_action/540 Wed, 19 Mar 2008 09:00:00 GMT Just think, the fees you could charge Buffett Warren Buffett's emergence as the world's richest man illustrates the power of compound interest. Warren neither pays nor makes management charges. The effect is larger than you would believe possible. in_action http://www.johnkay.com/in_action/539 Wed, 12 Mar 2008 09:00:00 GMT Sloppy talk means executives are lost in space The corporation's unique identity is defined by its distinctive capabilities. The matching of distinctive capability to market and industry is the process that defines 'our space'. society http://www.johnkay.com/society/538 Wed, 05 Mar 2008 09:00:00 GMT