Opinion

We tend to think of industry analysis as a numbers game — charts, forecasts and models. However markets aren’t moved by numbers alone. They’re shaped by human forces that don’t always show up on a spreadsheet. Émile Zola understood this intuitively. Writing in 19th-century France, he used fiction to explore a variety of industries, from […]

They started with a shop. They ended with a global collapse. In 1844, three brothers, opened a small dry goods store in Montgomery, Alabama. That humble venture would grow, over the next 160 years, into Lehman Brothers, one of the most powerful investment banks on Wall Street. Then, in 2008, Lehman Brothers collapsed — taking […]