Practical analysis for investment professionals

History & Geopolitics


Equal- vs. Market Cap-Weighted Portfolios in Stock Market Crashes

How have equal- and market-cap weighted US equity portfolios performed relative to one another during downturns?

Perpetual Debt Is Already Here

The costs and risks associated with debt have shifted from the borrower to the lender.

Vineer Bhansali: Negative-Yielding Bonds and Options

Anything that you want to price in finance has three key inputs, Vineer Bhansali says.

Vineer Bhansali: What’s Wrong with Negative Yields?

A negatively yielding bond violates a very basic, fundamental principle: the time value of money.

Monetary and Fiscal Policy Post-COVID-19: Four Themes

Rob Arnott, Joyce Chang, and Louis-Vincent Gave offer their perspectives on the policy landscape and its implications for investment strategy.

Book Review: The Day the Markets Roared

Henry Kaufman shows that he was an innovator in the analysis of financial markets.

The Fed’s Blindspot on Global Inflation Drivers

What is driving the surge in inflation and how are central banks misplaying their hand?

Myth-Busting: Equities Are an Inflation Hedge

How can investors hedge against inflation risk? Do equities offer any protection?

A Pillar of Modern Finance Turns 50

Quick, what is 1 July 2021 the 50th anniversary of?

Strategic Asset Allocation or: How I Learned to Stop Worrying and Love the Dispersion

The old adage that allocation determines 90% of performance is rapidly becoming outdated.