https://ni.readpdfonline.xyz/?book=1422171647
In 2001 and 2008, we suffered the two biggest market crashes since 1929--just seven years apart. Clearly, market volatility is intensifying to perilous levels. In Fixing the Game, Roger Martin reveals the culprit: the tight coupling of the "real" market (business) with the "expectations" market (the stock market). Martin shows how such coupling has been engineered and lays out its results: a single-minded focus on the expectations market that will continue driving us from crisis to crisis--unless we act now. Drawing on the analogy of the NFL's strict separation of actual games from betting, Martin shows how to reverse our plight, including: - Restructuring executive compensation to focus entirely on the real market, not the expectations market- Reining in the power of monopoly pension funds and hedge funds- Enlarging private companies' role in the economy Concise and hard-hitting, Fixing the Game advocates seizing American capitalism from the jaws of the expectations market--and planting it firmly in the real market. And it presents the steps we must take now to do so.
