We start with Doug Hayne’s astute comment that a lack of diversity is to blame for the hedge fund industry’s well-documented performance problem. To use his words, “Our lack of performance is related to sameness.” We can direct Mr. Hayne to Dr. Page’s work for the mathematical reasons why that is so. The full article can be found here: http://www.businessinsider.com/hedge-funds-would-profit-from-diversity-point72-president-says-2016-7
Forbes had a ton of great articles this week that are all worthwhile reads. To begin, commenting on Jennifer Aniston’s piece in the Huffington Post, Carrie Kerpen takes on the subject of how important a woman’s appearance is to her success in business. In an informal survey she did, it took men 1/5 the amount of time to get ready in the morning as compared to women. When you add that on to all the other things we have to do, no wonder women always feel like they are starting behind. Read on:http://www.forbes.com/sites/carriekerpen/2016/07/21/the-biggest-disadvantage-women-face-in-business-today/#5435a675673f We are all aware that financial institutions, after years of ignoring us, have decided that women are a key niche to focus on. This article focuses on all the ways that they are failing in their efforts – mainly by making some erroneous assumptions. The full article can be found here:http://www.forbes.com/sites/financialfinesse/2016/07/17/the-financial-industry-is-still-failing-women/#181968b322d0 And my favorite from the group, written by a 24 year FBI veteran, 9 things successful women never do is a must read:http://www.forbes.com/sites/womensmedia/2016/07/20/9-things-successful-women-never-do/#251dbef9285c
Turning now to Fortune which also had a great series of articles this week – the first “Why Women Should Stop Trying to Be Like Men at Work” debunks a lot of the old advice that just does not work for women over the long term of their careers. One of my favorites? “Use your position to make the world more welcoming to women.” For those that think this is not important, please re-read the first paragraph above. The full article can be found here: http://fortune.com/2016/07/24/women-in-business-advice-success/ Next, Rudder Finn CEO Kathy Bloomgarden shares her perspective on what women get wrong in working in male dominated industries. The full article can be found here: http://fortune.com/2016/07/11/women-in-business-success-career-advice/
And finally from HBR, they explore the topic “How Your Morning Mood Affects Your Whole Workday.” The full article can be found here: https://hbr.org/2016/07/how-your-morning-mood-affects-your-whole-workday
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Very kind regards