Sat.May 27, 2023

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The King’s Dominion (The real Succession) : His sons are at war. He’s divorced his fourth wife and broken an engagement to a would-be fifth. The jewel in what’s left of his crown faces a billion-dollar lawsuit.

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Need to correct compliance burdens for businesses, reduce litigation: KV Kamath

CFO News

KV Kamath believes that the level of compliances and complaince burden for businesses should be reduced. The veteran banker spoke on various topics on Friday, at Ficci's CFO summit, where he also commented on India's FDI slowdown, target economic growth needed for good FDI flows, reduction in litigation and much more.

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The Bet

The Reformed Broker

Eleven years ago this spring, a startup called Betterment published a blog post stating that human financial advisors were obsolete and that the people who work in the advice industry are pigs. The basis of their post was an NBER study that sent secret shoppers out to meet with “financial advisors” who then received high-cost, unsatisfactory advice.

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Nine years have changed India's mindset: FM

CFO News

Citing some examples of the change in mindset, she said it is evident from the Padma awards selection, which have truly become people's awards, which recognise unknown individuals for their selfless work. Earlier, people who had some connection with people in power managed to get Padma awards while under PM Modi, there is a committee that identifies people doing brilliant, selfless work and only such people have received the Padma awards in the last 8-9 years, she said.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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This Week on TRB

The Reformed Broker

Reminder: The Ritholtz crew is coming out to Austin, Texas next month. Details about how you can meet with us here. And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.

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MiB: John Hope Bryant, Operation Hope

Barry Ritholtz

 This week, we speak with entrepreneur John Hope Bryant , the founder and chief executive officer of Operation HOPE, which is the US’s largest not-for-profit provider of financial literacy and economic empowerment tools. Described as the “Conscience of Capitalism,” Bryant is also chairman and chief executive officer of John Hope Bryant Holdings , Bryant Group Ventures and The Promise Homes Company.

Economics 117
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PM Modi inaugurates new Parliament building

CFO News

Indian Prime Minister Narendra Modi inaugurated the country's new Parliament building, which was constructed by Tata Projects Ltd. The triangular-shaped building has a built-up area of 64,500 square metres and features a grand constitutional hall to showcase India's democratic heritage, a lounge for MPs, a library, multiple committee rooms, dining areas and ample parking.