Practical analysis for investment professionals

Economics


Still Misperceived? A Fresh Look at Bitcoin Volatility

Is Bitcoin considerably more volatile than other asset classes? It's important to approach this question analytically and with an open mind because perceptions do not always match reality.

FX Bubbles: Through the Lens of Shiller and Sornette

The theories and models introduced by Robert Shiller and Didier Sornette are as applicable to the foreign exchange market as they are to the stock market.

What’s Your Client’s Optimal Equity Allocation?

Note to investment advisors: You may be overestimating the risks of equities for conservative investors with longer investment horizons.

Gold and Inflation: An Unstable Relationship

While there are periods when gold has hedged inflation quite well, beware blanket claims of gold's inflation-hedging utility.

Monetary Policy and Financial Conditions: Meaningful Relationship?

An analysis of the Fed's recent rounds of quantitative tightening (QT) and quantitative easing (QE) yields actionable insights about the relationship between monetary policy and financial conditions.

Leveraging AI to Identify and Predict Financial Crises

Despite some current limitations, AI stands to offer significant advantages versus traditional approaches to identifying and predicting financial crises.

Why Your Portfolio Should Include Scarce Assets

Portfolios that include both productive and scarce assets can deliver similar performance to the S&P 500 with less risk than those that hold only productive assets.

Coiled Tight: Smaller Companies Are Primed for Outperformance

Small-cap companies are poised for a rebound. The sector is best approached through an active investment strategy where expertise and a deep understanding of the individual businesses and their risk-and-reward characteristics are necessary for success.

State Capitalism in Private Markets: Mission Creep

Governments relish mingling in markets. Yet, if past policies are any guide, taxpayers are being shortchanged.

Meir Statman: Your State of Mind Influences Your Investing Success

Meir Statman shares his insights on the broader aspects of financial well-being and its interconnection with life satisfaction.