Evolution is Hard Work
UBS Exits Businesses While Blackstone Adapts to the New World Order
Posted by Herb Addison, Leo M. Tilman, May 31st, 2009, 8:25pm
Multiple rounds of job cuts at UBS and its exit from important businesses pose sharp contract to actions of Blackstone and others. The concept of a static business model helps interpret these behaviors and their potential impact on future profitability.

Government As An Agent of Natural Selection?
Diverging Fortunes of Nat City and AmTrust
Posted by Herb Addison, Leo M. Tilman, May 18th, 2009, 8:59pm
We used to think that the world of finance was governed by natural selection. Recent government actions — beyond bailouts of failed institutions — are prompting second thoughts on the subject.



