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 ...
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 ...
Default: The Landmark Court Battle over Argentina’s $100 Billion Debt Restructuring. 2024. Gregory Makoff. University of Georgetown Press. In his autobiography, preeminent ...
“Those who stand for nothing fall for anything.” Alexander Hamilton, first US Secretary of the Treasury In Act 1, Scene 2 of William Shakespeare’s play, Julius Caesar, a ...
If you focus only on returns and covariances over a one-year investment horizon, you may conclude that commodities have no place in an investment portfolio. The efficiency of ...
Younger generations in the United States and other developed nations increasingly worry about economic trends that threaten to jeopardize their financial futures. The United States ...
Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk. 2024. Philipp Carlsson-Szlezak and Paul Swartz. Harvard Business Review Press. Good macroeconomic ...
It’s often claimed that small-cap stocks are more interest-rate sensitive than their large-cap counterparts because of their reliance on outside financing. This seems plausible. But ...
Statistically, there is an increased risk of failure with private equity ownership. PE portfolio companies are about 10 times as likely to go bankrupt as non-PE-owned companies. ...
Many of the businessmen I know are well-versed in economics, but none uses the science in their daily work. No other science is so thoroughly ignored by its practitioners. The reason ...
Editor’s Note: Our Enterprising Investor podcast features intimate conversations with some of the most influential people from the world of finance. This post highlights some key ...
In 1688, Joseph de la Vega wrote, “Profits on the exchange are the treasures of goblins. At one time they may be carbuncle stones, then coals, then diamonds, then flint stones, then ...
