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Narratives are important. Robert Shiller, the Nobel Prize-winning economist, published a book in 2019 explaining how the forces driving economies and markets have more to do with stories than hard data. Not only are narratives contagious once they take hold, they need not be accurate to spread. Some of the most contagious narratives are in […]
Hong Kong’s MTR Corporation is urgently “reinventing” its business model to fulfil a HK$165 billion (US$21.2 billion) financial commitment to improve and expand rail services amid a struggling property market, the Post has learned. A source said on Thursday that the company was revising its proven “rail-plus-property” business model by finding new sources of revenue, […]