Practical analysis for investment professionals

History & Geopolitics


State Capitalism in Private Markets: Mission Creep

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

What Price Risk? Unpacking the Equity Risk Premium

Stocks are a good wager over the long term, on favorable odds. But stocks remain a bet, and investors must grasp how much returns can vary over long time horizons.

Exploring the Indian Startup Frontier

India's startup ecosystem is booming. Investors have more options than ever.

Book Review: Milton Friedman

Investment decision makers will derive both pleasure and professional enrichment from Jennifer Burns's Milton Friedman: The Last Conservative.

The Evolving International Cannabis Landscape

If you are entering the world of cannabis investment, look beyond the U.S. for growth and opportunities.

Can the Fed Pull Off a Soft Landing?

The yield curve is inverted, implying an imminent recession, but the stock market is at or near record highs. What can we make of these contradictory signals?

Venture Capital: Lessons from the Dot-Com Days

Start-up valuations have yet to fully reflect the market's ongoing downdraft. The correction could prove as protracted as that of the dot-com crash. 

Book Review: Markets in Chaos

Should history teach or merely inform? This question lies at the heart of Markets in Chaos, a broad yet succinct historical overview of macroeconomic crises around the world and across time.

Investing in U.S. Financial History: Three Principles, Three Excerpts

The "Paradox of Speculation" -- how securities speculation drives both pain and progress -- is among the key lessons of financial history.

Mike Tang, CFA, CPA, on Spin-Off Listings in Hong Kong SAR

What's the appeal of spin-offs in general and in Mainland China and Hong Kong SAR, in particular? KPMG partner Mike Tang, CFA, CPA, shares his insights.



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