Is it time to invest in emerging markets again

The numbers certainly on the face of it look compelling: the MSCI Emerging Markets Index is trading at 1.5 times price-to-book value and poor sentiment has already resulted in outflows of over £18bn from emerging market equities so far this year.

Management by discovery: Revising goals through insight

The standard game plan is to rely on some version of management by objectives: define the desired end state, then work backwards to identify the necessary tasks, work out the schedule for each task, assign responsibilities to the team members, and get started.