Financial Statement Analysis
For most investment managers, ChatGPT represents the starting whistle in a tech arms race many had hoped to avoid.
What do machine learning and natural language processing reveal about Federal Open Market Committee statements?
The essence of maximizing the internal rate of return (IRR) lies in the total amount of leverage contracted to finance a transaction.
"We are living in a Big Data World," Dan Joldzic, CFA, says. "No single analyst or team of analysts can capture all the information on their positions."
ESG assurance must replicate the knowledge and experience of external audit while avoiding its pitfalls.
Risks can be known in advance. You just need to be curious enough.
Cost of capital is a tenuous concept. Charlie Munger amusingly calls it a “perfectly amazing mental malfunction.”
A key lesson from the "Enron of Germany": If you see something, say something.
GAAP sometimes misrepresents business reality. We can use that fact to generate some alpha.
Dishonest companies tend to leave five textual fingerprints in their communications that differ from those of more truthful firms.