McKinsey on Finance, Number 65

If you internalize the real odds of strategy, you can tame its social side and make big moves.

Record-high equity markets are prompting worries that stocks are overpriced. But a closer look finds that the market’s current value may not seem so extreme.

At some point, cost cutting and higher prices can hinder growth and destroy value. 

Automation and artificial intelligence are poised to reshape the finance function. Knowing what to automate and managing the disruption can lead to a new era of productivity and performance.