30

Depends on how you define "profitable". But either way it's not the top one. I couldn't find more recent data, but in 2008 pharmaceutical industry wasn't the most profitable, although it was high in various rankings, not so high in others (source CNN): Profit as percentage of revenue Network and Other Communications Equipment 28.8% Mining, Crude-Oil ...


17

They probably do. While I couldn't find evidence for Louis Vuitton destroying their unsold products, except for the original article, there are proof for other companies doing it. H&M and Wal-Mart: The clothing retailer H & M promised on Wednesday that it would stop the practice of destroying new, unworn clothing that it could not sell at its ...


15

The question doesn't seem quite right: Farmers do better yes, but it's farmworkers that the quote is about. Here is the relevant Fair Trade, Employment and Poverty Reduction (FTEPR) project reports: Fairtrade, Employment and Poverty Reduction in Ethiopia and Uganda April 2014 Appendices In a straight comparison between workers at Fairtrade Certified ...


12

The story is well-cited by Wikipedia, and it appears to be true. Wikipedia cites The Huffington Post, which in turn cites Robert Frock's book: “I asked Fred [Smith] where the funds had come from, and he responded, ‘The meeting with the General Dynamics board was a bust and I knew we needed money for Monday, so I took a plane to Las Vegas and won $27,000.’...


11

No, it seems the opposite is true. Higher education is correlated with entrepreneurship success. All the examples you give are of entrepreneurs in the tech industry. There is a relevant report from the Kauffman Foundation, called Education and Tech Entrepreneurship, May 2008, Vivek Wadhwa, Richard Freeman, Ben Rissing. This report was limited to U.S.-...


9

is there evidence that experts can consistently beat the market? Yes, there is. It's quoted in the Forbes article you provide as a source. To answer this question, Fama and French compared the distribution of fund returns to a distribution of simulated portfolio returns formed with randomly selected stocks. Using a bootstrapping technique, they ...


5

No. The first thing that needs to be mentioned is that the regulatory environment is very different across (otherwise) similar countries. For example, USA has thousands of registered banks, some of which go bust every year. Meanhile, Canada has a very limiated number of 'Schedule I' banks . So, the bankruptcy rates in Canada are much lower. Given that, ...


2

There's three parts to this question, which I'll address individually: Can the administrator of a Bitcoin exchange arbitrarily change the exchange rate? Certainly. The exchange software is just software, with all the potential for bugs, easter eggs, back doors, and so on that software is prone to. It would be trivial to add a "Set exchange rate" function ...


1

In "The Black Swan" Nassim Taleb writes on page 314 his evidence for the claim: Banks losing all their past profits: Money center banks (around eight banks) had a capital base of around $22bm in 1982. They carried on their books around $54bn of loans to emerging markets, the bulk of which just four countries: Mexico, Brazil, Argentina, and Venezuela. The ...


1

The International Confederation of Societies of Authors and Composers (CISAC) can provide the figures for the number of member societies per country and their members. Typically a country will have a 'mechanical rights' and a 'performing rights' society collecting licence fees and distributing royalties. Some countries have joint societies or may be part ...


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