Investment Topics
Team Efficient Markets vs. Team Behavioral Finance: It's the academic equivalent of Lakers vs. Celtics.
Banks and other traditional capital providers are no longer the primary source of capital for the economy. This shift has increased the diversity of capital providers but also has fragmented the capital markets.
The cost of institutional investing has become an impossible burden. Reduce costs. Give alpha a chance.
Has the science of economics gone astray by borrowing ideas from physics?
Here's a weighting scheme to mitigate economic risks while preserving the benefits of diversified multi-factor strategies.
For investors in the space, the changing cannabis consumption landscape opens challenges and opportunities in product creation, marketing, and targeting new consumer groups.
The presence of power law returns in angel investing, with the potential for significant contributions from a handful of investments, has implications for portfolio construction, investment strategies, and diversification.
Rather than running away from illiquidity, investment professionals, investors, and regulators alike should recognize its potential benefits and consider a more balanced approach.
To understand what private equity is at its worst is a call to action, personally and professionally.
The relationship between stocks and interest rates is not reliably stable. There are periods when equities are highly rate sensitive, and periods when they aren't.