Practical analysis for investment professionals

Investment Products and Asset Classes


Time-Varying Risk Premia: Cochrane’s “Discount Rates”

"Discount rates vary a lot more than we thought. Most of the puzzles and anomalies that we face amount to discount-rate variation we do not understand."

Book Review: Trillions

Robin Wigglesworth has produced a book that is historical, entertaining, and thought-provoking.

Alternative Investments: Predictable Uncertainty in Private Markets

While analytical judgment is considered universal in science, in finance investment decisions are derived from mental heuristics.

Private Equity: Market Saturation Spawns Runaway Dealmaking

Private equity is settling into a rent-extracting, self-dealing trade.

2022 US Wealth Management Outlook: All Aboard the Crypto Train?

Almost three quarters of HNWIs worldwide have expressed confidence in crypto.

Spotlight on SPACs: More Risk Than Opportunity?

SPACs may be worth another look. A long, careful look.

The Elephant in the Room: The ESG Contradiction

The inherent conflict between the "E," the "S," and the "G" in ESG investing can no longer be ignored.

Book Review: Nothing but Net

This book provides 10 invaluable lessons that investors can use to pick tech stocks in years to come.

Myth-Busting: ETFs Are Eating the World

What effect has passive investing, including ETFs and index-tracking mutual funds, had on the US stock market?

Book Review: Expectations Investing

This revised and updated edition offers an insightful framework for identifying gaps between price and value.



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