Get the latest news and insights from 21st Club

Please read our Privacy Policy carefully to understand how we use your data. You can opt-out of our marketing communication at any time.

Underlying performance

Currently browsing: Underlying performance
  • 07 Sep 2018

    Apples with caviar

    How do we know that we’re doing a good job?

    Talk to most CEOs in listed companies and they will tell you that the company’s share price is the ultimate barometer of their performance. Business strategy is therefore often in service to the share price as it provides the clearest and quickest affirmation of success.

    Our equivalent in […]

  • 17 May 2018

    Was Arsène Wenger unlucky?

    Arsène Wenger’s postmortem had already been written years before he actually announced his departure from Arsenal. As the conventional wisdom goes, he had an excellent first 8 seasons, winning 3 league titles, but then lost his way and was never again able to make Arsenal credible contenders for the league title.

    However, here at 21st Club […]

  • 15 Mar 2018

    When he leaves the building

    One of the things that makes sport different to other industries is a sporting organisation’s dependency on a relatively small number of individuals. In the UK for example, a large ‘normal’ business generating £200m+ in turnover will employ over 1,500 people on average. A Premier League club with the same income might have a workforce […]

  • 08 Mar 2018

    The perils of day trading

    Day to day, the market valuation of a stock can fluctuate up and down like a yo-yo. Take Bitcoin right now. Whether the cryptocurrency will be up or down tomorrow is anyone’s guess, such is the sentiment volatility towards the relatively new form of exchange.

    For traders, it can be addictive. The emotional rollercoaster of something […]

  • 15 Feb 2018

    It never evens out

    We’re often told that luck will even out over a season. After all, a year is a long time, and it seems absurd that one team would repeatedly have things go their way or against them.

    However, this misunderstands the true nature of ‘luck’. True luck, or randomness, is blind to what happened before, and can […]

  • 16 Nov 2017

    A temperature check

    If you wanted to go somewhere warm on holiday, which city would you choose: New York or Sydney?

    While Sydney is 6 degrees hotter on average over a year, no one would buy flights to Australia on this information alone. New York City is warmer from May to September, and Sydney warmer for the rest of […]

  • 31 Aug 2017

    The rule of thumb

    Following the 2008 financial crash, Bank of England chief economist Andy Haldane looked into what factors caused the crisis. He discovered that breaching the regulations set out in Basel II – a complex 347-page document that attempted to ensure banks remained safe – proved a less effective predictor of failure than a crude rule of […]

  • 04 May 2017

    The undeserving champion

    “We need in football this type of luck,” said Liverpool manager Jürgen Klopp of Emre Can’s improbable goal against Watford on Monday. A loss for Liverpool would have cut their chances of a top four finish to 62%; a little more than a coin flip. As it was, Liverpool’s win gave them a 90% chance […]