Why Bridgeway Capital Gives Away 50% of Profits to Charity

During the hiring process we also use role-play to understand the integrity of a potential hire. The role-play is intended to paint people into a corner of either telling a white lie or being disloyal to the company. You can see people get really nervous as they do this role-play, thinking, “Uh-oh. Now what do I do? If I’m disloyal to the company I’m probably not going to get this job. But it’s just a little white lie.” At Bridgeway, our standard is you don’t lie. Being true to your word is very, very important. We’re continually trying to move towards the highest possible standards of integrity.

Additionally, we want to ensure integrity is integrated into our business operations, so we have an internal slogan: “What’s in the best long-term interest of current investors at Bridgeway?”

Every word in that sentence is very specific. We want to focus on the long-term, but sometimes you can lose out on revenue-generating opportunities when you are serious about the long-term. We also focus on current investors, not the new ones that we hope to get. So that question helps us focus our time and efforts. We want our investors to know that when they’re not in the room, we’re still thinking about their best interests.

When we make operational decisions, we’ll sometimes write the four business values on the board and ask ourselves, “How does this inform our decision?” Or we ask, “Is there any way in which our slogan is being compromised by entering into this operation?”

More at Knowledge@wharton

Predictive Analytics for E-commerce companies

Nishad Sharma, a Delhi-based entrepreneur, is a typical online shopper who keeps a tab on the various sales and promotional deals run by e-commerce companies from time to time. On the cool Delhi evening of February 4, he opened online fashion company Myntra’s app on his smartphone to see if there were any deals on trousers. That day, Myntra was running its Rush Hour sale in which customers Nishad Sharma, a Delhi-based entrepreneur, is a typical online shopper who keeps a tab on the various sales and promotional deals run by e-commerce companies from time to time. On the cool Delhi evening of February 4, he opened online fashion company Myntra’s app on his smartphone to see if there were any deals on trousers. That day, Myntra was running its Rush Hour sale in which customers could avail up to 50 per cent discount on select products. After filtering his search, Sharma decided to add a pair of UCB trousers to his shopping cart.

But then he changed his mind. Perhaps he could get a better deal if he logged on into a sale on a weekend. To his surprise, Sharma received a mail from Myntra next morning, telling him what he presumably lost by abandoning his cart the previous day. The same product was now available at a 100 per cent mark-up. To close the sale, the company sent another mail to Sharma a couple of days later, offering a smaller discount of 20 per cent. Sharma couldn’t let it go waste a second time round.

The systematic and gentle hounding of Sharma points at a big shift in the way e-commerce players target customerscould avail up to 50 per cent discount on select products. After filtering his search, Sharma decided to add a pair of UCB trousers to his shopping cart.

But then he changed his mind. Perhaps he could get a better deal if he logged on into a sale on a weekend. To his surprise, Sharma received a mail from Myntra next morning, telling him what he presumably lost by abandoning his cart the previous day. The same product was now available at a 100 per cent mark-up. To close the sale, the company sent another mail to Sharma a couple of days later, offering a smaller discount of 20 per cent. Sharma couldn’t let it go waste a second time round.

The systematic and gentle hounding of Sharma points at a big shift in the way e-commerce players target customers

More at The Strategist (Business Standard)

Oscar Awards 2015

I got introduced to Neil Patrick Harris in the early 90s, through his first TV show ‘Doogie Howser, M.D.”, which was one of my favorite shows. Later I did not track his career seriously , but read about his recent shows like ‘How I met your mother’ and spotted him in a small cameo in the recent blockbuster hit ‘Gone Girl’.

neil at oscars1

So, it was good to see him host the 2015 Oscars show. Overall, an ok performance.

Here are a few things that caught my attention.

  • The opening songs were pretty decent and the shadows play was neat.
  • Video projection/laser base door entry along with ushers, for the presenters was cool.
  • Transition effect used to show oscar nominiess in makeup category worked well
  • John Travolta with a wig…hmm!!!!
  • The set and the background projection used for the song ‘Glory’ performance was very good.

Tailpiece: I first saw Oscar Awards live telecast in 1988. As it was my first ever viewing (not sure if it were the first on Indian TV), I even recorded it on a VCR. Since then, barring a few misses here and there, I ended up watching the awards ceremony very year. Doordarshan, Star Movies, ABC etc, TV channels changed, but the ritual remained.

cher 1988 Oscars
Cher, at the 1988 Oscars, with her ‘Best Actress’ Oscar for ‘Moonstruck’.

So, what did I remember the most about my first i.e.60th Academy awards function…Cher, of course 🙂

Related links: NYTimes on Oscars 2015; The Guardian on Oscars 2015

ET, IT…and the rest