Tuesday, June 17, 2008

Banking: Still a top priority in a fast-changing world

FT.com / In depth - Banking: Still a top priority in a fast-changing world:
"Steve Kaplan, professor of entrepreneurship and finance at the University of Chicago Graduate School of Business...uses the snappy acronym CFIMITYM – cashflow is more important than your mother – and points out that the subprime market crashed and burned because investors had bought something that had “less cashflow than they thought there was”.

As for the school, it does not “teach the latest and greatest fad” but feels it is more important to give a thorough understanding of the essentials of economics and finance, for both entry – and higher-level financial training."
Whenever a professor the caliber of Kaplan is mentioned in a article that focuses on teaching finance, it is clear that it must be "blogged".

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