In this section
Article
Overcoming a bias against risk
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Risk-averse midlevel managers making routine investment decisions can shift an entire company’s risk profile. An organization-wide stance toward risk can help.
Interview - McKinsey Quarterly
Debiasing the corporation: An interview with Nobel laureate Richard Thaler
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The University of Chicago professor explains how executives can battle back against biases that can affect their decision making.
Article - McKinsey Quarterly
Bias Busters: Taking the ‘outside view’
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Using a reference class can help executives gain much-needed perspective to inform their decision making.
Article
The benefits of thinking like an activist investor
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Whether or not your company is in the crosshairs of activists, assembling a team to take a good, hard look at your performance can deliver benefits.
Article - McKinsey Quarterly
Bias Busters: Up-front contingency planning
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Avoid throwing good money after bad by developing “contingent road maps”—plans for updating your investment strategy based on unbiased feedback from the market.
Article - McKinsey Quarterly
Bias Busters: A better way to brainstorm
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Structured conversation during brainstorming sessions removes some of the risks that can thwart honest discussion.
Lessons and challenges
Article
Reflections on 20 years of McKinsey on Finance—and three challenges ahead
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Revolutionary innovations, brilliant ideas, and climate imperatives will change everything—except the fundamentals of finance and economics.
Charting growth
Article
Looking back: What does the ‘long term’ really mean?
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Stock markets can be volatile, and some years they decline. But the ups far outnumber the downs—and returns are in line with two centuries of performance.