Last week, my Corporate Finance lectures looked at the relationship between ownership structure and firm performance. Which would you rather invest in: a diffusely-owned company managed by a CEO or a firm with a large shareholder who controls a majority of the firm's voting stock such as Facebook? Click here to read an interesting piece in Slate on why you may not want to invest in Facebook.
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.