McKinsey & Company Inc.

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McKinsey & Company Inc.



Average rating: 4.29 · 1,394 ratings · 53 reviews · 18 distinct worksSimilar authors
Valuation: Measuring and Ma...

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4.28 avg rating — 1,700 ratings — published 1990 — 77 editions
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Valuation Workbook: Step-by...

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Valuation: Measuring and Ma...

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“This phenomenon has serious consequences for hierarchical organizations. Executives are just as loss-averse when the bets are small as they are when the gambles are large, even though small gambles do not raise the same issues of survival or ruin that provide a rationale for aversion to large risks. What’s more, small gambles offer opportunities for the risk-reducing effects of aggregation.”
McKinsey & Company Inc., Valuation: Measuring and Managing the Value of Companies



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