Houston Chronicle (December 2)
Twenty years on, “Enron remains a cautionary tale of corporate hubris and fraud. It’s lessons still carry weight, especially as Theranos founder and CEO Elizabeth Holmes stands trial, accused of defrauding investors and patients about the viability and accuracy of its medical testing technology.”
Tags: Accuracy, Cautionary tale, CEO, Corporate hubris, Defrauding, Enron, Fraud, Holmes, Investors, Patients, Theranos, Trial, Twenty years
Institutional Investor (August 21)
Black swan events “will continue to jolt global markets. But when even the best of human forecasters struggle to predict with accuracy the outcomes of these events, how can pension plans, for example, effectively make decisions to better weather the volatility that follows.” Big data may hold the key. “Using big data to track media sentiment, volume, tone and correlation can help institutional investors understand the diffusion of ideas and outliers that can serve as clues for unexpected risk.”
Tags: Accuracy, Big Data, Black swan, Correlation, Diffusion, Forecasters, Global markets, Human, Jolt, Outcomes, Outliers, Pension plans, Sentiment, Unexpected risk, Volatility
Bloomberg (October 26)
“Reality keeps beating BOJ’s inflation forecasts.” According to Bloomberg, the Bank of Japan (BOJ) ranks last or next to last in the accuracy of its forecasts for inflation and GDP when compared to other major central banks. The Bank of Japan has had to lower its inflation estimates for all four years from 2014 and now looks poised to follow suit on Friday with its release of updated inflation forecasts.
CorpComms (November 28)
Accuracy needs to be improved in corporate social responsibility (CSR) reports according to researchers at the University of Leeds and Euromed Management School who looked at 4,000 CSR reports. They concluded “reports often feature unsubstantiated claims, holes and inaccurate figures.” Among the biggest errors, the researchers found one Italian energy company reported carbon emissions four times those of the entire planet earth.
Accuracy needs to be improved in corporate social responsibility (CSR) reports according to researchers at the University of Leeds and Euromed Management School who looked at 4,000 CSR reports. They concluded “reports often feature unsubstantiated claims, holes and inaccurate figures.” Among the biggest errors, the researchers found one Italian energy company reported carbon emissions four times those of the entire planet earth.
