Performance Measurement & Evaluation
Almost unique among serious finance books, Edward Chancellor’s The Price of Time serves well as bedtime reading.
How are asset owners thinking about and building their multi-generational, long-horizon portfolios?
Equities can compound in value in a way that investments in bonds, real estate, and other asset classes cannot.
The performance of alternative asset managers is encapsulated in the formula: Wealth = Controls + Economics. Here, we outline the economics component of the equation.
To test the Sharpe Ratio’s effectiveness, we constructed monthly return distributions for global stock market indices to see if any had too much skewness.
What's more critical to investing success: luck or skill?
As ESG investing continues to grow, applying a gender lens to public equity funds focused on climate solutions is critical.
When valuing companies, "You don't have to be right to make money," Aswath Damodaran says. "You just have to be less wrong than everybody else.”
The capital asset pricing model (CAPM) is a marvel of economic scholarship. The problem is that it doesn’t always work in practice. So, we fixed it.
Equities are not necessarily more risky than such "safe" assets as US Treasuries.