Performance Measurement & Evaluation

Why does investing in the "average" private market fund seem to go so poorly?

The Index Industry Association (IIA) surveyed 300 asset managers about how they perceive ESG.

The public market equivalent (PME) does not reflect the economic reality of private equity investing.

When it comes to their benchmarking practices, US public pension funds need to find faster rabbits to chase.

Cost of capital is a tenuous concept. Charlie Munger amusingly calls it a “perfectly amazing mental malfunction.”

The authors set out the core principles of valuation and offer a guide to measuring a company's value.

Does a firm’s competitive advantage tend to endure longer in some sectors than others?

"In most crises, young companies suffer at the expense of old companies, risk-on companies get hurt more than risk-off companies," Aswath Damodaran said. "This crisis seems to have flipped the script."

Investors should be agnostic to absolute fees, and instead rank investment options on their value added net of costs.

The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades.