Hindujas found guilty of exploiting servants at Geneva villa
Four members of the billionaire Hinduja family were found guilty of exploiting poorly paid servants at their Geneva villa, in a damning verdict for the Swiss branch of one of…
Behavior of Crowds not Wisdom of Crowds
The efficient market hypothesis (EMH) says that active equity management is a waste of time. Because stock prices incorporate all relevant information, it is not possible to consistently beat the…
Is the Outright Ban on a US Central Bank Digital Currency (CBDC) a Mistake?
Last month, the US House of Representatives passed a bill banning the Federal Reserve from issuing a central bank digital currency (CBDC), heading warnings from the American Banking Association about…
Concerned About Market Concentration and Lofty Valuations? Consider Small Caps
If you are wringing your hands over large-cap stocks due to high market concentration and lofty valuations, allocating to small-cap stocks may give you some peace of mind. Beyond concentration…
What Is Systems Thinking? A Primer with Applications for Sustainable Investing
Dynamic and “emergent” complex systems.1 can be found everywhere from ecosystems to economies to our underlying biology. By striving to understand the way these systems work, we can make sense…
We’re On The Move – Ruth Crilly
If you subscribe to my blog posts by email then you might notice something slightly different about the next one, arriving tomorrow: it’s being sent by a new provider. There’s…
Book Review: My Value Creation Journey
My Value Creation Journey: An Autobiography of My Work. Bartley J. Madden. 2023. Bartley J. Madden Foundation. My Value Creation Journey, by Bartley J. Madden, is a unique book that…
Private Markets’ Governance: A New Era
Private markets’ meteoric growth since the Global Financial Crisis has attracted the attention of regulators around the world, some of whom have reacted with urgency. Interestingly, the US courts recently…
The Interplay Between Cap Rates and Interest Rates
The relationship between capitalization rates (cap rates) and interest rates is more nuanced than first meets the eye. Understanding their interplay is a cornerstone of real estate investment analysis. In…
Still Misperceived? A Fresh Look at Bitcoin Volatility
Perception does not always match reality. We suspected this may be the case when it comes to the widely held belief that Bitcoin is considerably more volatile than other asset…
