While Christensen starts out talking about how a Chinese economist, who came to Harvard, showed him the importance of religion for our free market society, the really interesting bit starts in the end: The professor explains how assumptions in economics have shaped our understanding of the role of company management and pleads to reverse focus from “inflating shareholder value” back to creating long-term perspective. It is especially interesting in the context of economists, such as German Max Otte (PhD from Princeton University), suggesting that it would be wise to invest in family owned companies for there “continuity in management and focus on long-term goals“.
Please, find the last blog post here.
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