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Home Dictionary F Friedrich Hayek Social theorist and political philosopher Friedrich Hayek and his colleague Gunnar Myrdal received the Nobel Prize in Economics in 1974. His theory of how price changes convey information that helps people determine their economic plans was a stunning achievement in economics. Hayek’s approach to economics mostly came from the Austrian School of Economics. He was an ardent defender of market capitalism. Most experts consider Hayek one of the greatest critics of the socialist consensus. David Tepper
September 25, 2022 David Tepper is a renowned hedge fund manager and co-founder of Appaloosa Management L.P. Fortune 500
September 25, 2022 The Fortune 500 is an annual list of the top 500 US companies ranked by total revenue for their respective financial years. George Soros
September 25, 2022 George Soros vies with Warren Buffett for the title of the most successful investor of all time. James H. Clark
September 25, 2022 James H. Clark is a serial and successful entrepreneur, perhaps best known for co-founding Netscape in 1994 with Marc Andreessen. Jay-Z
September 25, 2022 Elon Musk, co-founder and CEO of Tesla, is the richest person in the world with a net worth of $241 billion. Julian Robertson
September 25, 2022 Julian Robertson was a famous hedge fund manager in the 1980s and 1990s. Katie Couric Clause
September 25, 2022 The Katie Couric clause was a slang term used to describe a proposed Securities and Exchange Commission rule regarding disclosure of executive compensation and compensation of other elected employees. Market Leader
September 25, 2022 The market leader usually has the largest market share in a particular industry. Michael Bloomberg
September 25, 2022 Michael Bloomberg is a billionaire businessman and owner of financial services firm Bloomberg, LLP. Monopolist
September 25, 2022 A monopolist is an individual, group or company that dominates and controls the market for a particular product or service. Oracle of Omaha
September 25, 2022 Billionaire Warren Buffett (who lives and works in Omaha, Nebraska) is known as the Oracle of Omaha, a nickname he earned as one of the world’s most successful and watched investors. Robber Baron
September 25, 2022 Robber baron is a term often used in the 19th century during America’s Golden Age to describe successful industrialists whose business practices were often considered ruthless or unethical. Upstart
September 25, 2022 Upstart refers to a person who has suddenly risen to a new class or status, but lacks the social skills and grace to match the new position. William Cavanaugh III
September 25, 2022 William Kavanaugh III is best known as the CEO of Carolina Power & Light (CP&L), which later became Progress Energy. William Dillard II
September 25, 2022 William T. Dillard II became CEO of Dillard’s Inc. in 1998. William H. Gross
September 25, 2022 Bill Gross co-founded Pacific Investment Management Company, PIMCO, and is known as the “King of Bonds”. 90/10 Strategy
September 25, 2022 The 90/10 retirement investment strategy involves investing 90% of investment capital in low-cost S&P 500 index funds, and the remaining 10% in short-term government bonds. Anomaly
September 25, 2022 Anomalies are events that deviate from the predictions of economic or financial models and undermine the underlying assumptions of those models. Board of Directors (B of D)
September 25, 2022 The board of directors of a public company is elected by the shareholders. Board of Trustees
September 25, 2022 The Board of Trustees is responsible for the management of the organization. C-Suite
September 25, 2022 “C-suite” refers to senior executives in a company. Chi Square Statistic
September 25, 2022 The chi-square statistic (χ2) is a measure of the difference between the observed and expected frequencies of the outcomes of a set of events or variables. Chief Executive Officer (CEO)
September 25, 2022 The chief executive officer (CEO) is the highest-ranking person in the company. Chief Financial Officer (CFO)
September 25, 2022 The CFO is a top-level manager. Chief Operating Officer (COO)
September 25, 2022 The chief operating officer (COO) is the senior officer tasked with overseeing the day-to-day administrative and operational functions of the business.