Practical analysis for investment professionals

Investment Management Strategies


The True Value of Your Muni Portfolio

Viewing your muni portfolio through a tax-smart lens will open your eyes to its true after-tax value.

Book Review: Machine Learning for Asset Managers

This short work will help readers appreciate the potential power of machine learning techniques.

Refreshing Revenue, the Cash Conversion Cycle, and Free Cash Flow

GAAP sometimes misrepresents business reality. We can use that fact to generate some alpha.

Trading at All Hours: The Portfolio Implications

All the day trading by the new class of retail investors has not helped the long-only crowd.

Myth-Busting: Earnings Don’t Matter Much for Stock Returns

The relationship between earnings and equity returns is more illusion than reality.

Book Review: Fed Watching for Fun and Profit

Edward Yardeni's Fed Watching for Fun & Profit is a crash course in monetary policy actions, financial markets, and the economy in general.

Moats or Market Power?

Instead of searching for firms with moats, we should be looking for those with market power.

Fraud and Deception Detection: Five Language Fingerprints

Dishonest companies tend to leave five textual fingerprints in their communications that differ from those of more truthful firms.

How Alpha Hides in GAAP Accounting: Return on Equity

You can find significant alpha in the mechanics that drive GAAP accounting.



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