Debunking the Myth of Perfect Competition
“Every individual . . . intends only his own gain; and he…
Does Bond Market Data Yield Equity Alpha?
Can stock investors benefit from corporate bond market data? Yes. In fact,…
The Fitch Downgrade: The Principal–Agent Problem in Modern Finance
“Complexity is like energy. It cannot be created or destroyed, only moved…
Book Review: The Power of Money
The Power of Money: How Governments and Banks Create Money and Help…
Commercial Real Estate Today: A Four-Sector Outlook
Now that individual investors can access direct real estate investments, what should…
Resistance Training: Testing Market Resilience
Markets were generally buoyant in June and July as participants focused on…
ESG Affirmations and Surprises: Asset Managers Look to the Future
The progression of ESG investing in the global asset management community continues…
Fed Chair Congressional Testimony: Has the Market Played Favorites?
Stock investors loved Alan Greenspan because the policies he pursued during his…
When Hindsight Becomes Foresight: Replicating Investment Performance
Introduction We have analyzed dozens of public and private market investment strategies,…
The Predictive Power of the Yield Curve
“ur mind is strongly biased toward causal explanations and does not deal…