Commemorating Warren Buffett’s legacy and the Financial Analysts Journal’s 80th Anniversary through the lens of the…
Category: Investing
Amid The Noise, Active Management Quietly Reinvents Itself
Despite the headlines proclaiming its demise, active investment management is not going extinct — it’s evolving.…
Book Review: Reminiscences of a Bond Operator
Reminiscences of a Bond Operator: A Guide to Investing in Corporate Debt. 2024. Mark A. Rieder.…
How Tariffs Could Accelerate America’s AI Revolution: Implications for Investors
The 2024 US presidential election has ushered in major policy shifts, with sweeping tariffs and new…
Rethinking the Institutional Mandate: A Compilation from Enterprising Investor
Institutional investors are operating in an environment where traditional approaches are under strain and long-held assumptions…
When the Equity Premium Fades, Alpha Shines
For more than a century, the equity risk premium (ERP) — the excess return from stocks…
The Missing Link in Cross-Border Healthcare M&A: Finance-Led Integration
Cross-border healthcare M&A is gaining momentum in 2025, though policy shifts and geopolitical uncertainty continue to…
Resilience Is the New Alpha: Rethinking Risk in a Fragile World
ESG investing was built for a world that mostly behaved. The idea was simple: channel capital…
Small Caps vs. Large Caps: The Cycle That’s About to Turn
Despite their recent struggles, small caps aren’t dead — they’re just misunderstood. After eight consecutive years…
Can Generative AI Disrupt Post-Earnings Announcement Drift (PEAD)?
One of the most persistent market anomalies is the post-earnings announcement drift (PEAD) — the tendency…
Investing Through Uncertainty: 5 Lessons in Emotional Discipline
In times of geopolitical tension, market volatility, and economic uncertainty, emotions can become a hidden liability…
Europe Rearms: What Defense Spending Means for Markets
Europe is rearming at an unprecedented pace — and the investment implications are just beginning to…
Book Review: Quantitative Risk and Portfolio Management: Theory and Practice
Quantitative Risk and Portfolio Management: Theory and Practice. 2024. Kenneth J. Winston. Cambridge University Press. The…
How Tariffs and Geopolitics Are Shaping the 2025 Global Economic Outlook
As the second quarter of 2025 approaches, the global economy advances with a mixture of resilience…
Rebalancing’s Hidden Cost: How Predictable Trades Cost Pension Funds Billions
Rebalancing is a fundamental strategy for maintaining portfolio diversification, but it comes with a hidden cost…
Big Funds, Small Gains: Rethinking the Endowment Playbook
Despite posting a 9.6% return in fiscal 2024, large US college and university endowments once again…
Financial Independence, Retire Early (FIRE) vs. Meaningful Retirement: Choose Wisely
As an investment professional, I know how easy it is to get caught between two extremes:…
Top 10 Posts from Q1: Valuation Models, Inflationary Shocks, Private Markets
This quarter’s top reads reveal what’s capturing the attention of investment professionals: overreliance on traditional valuation…
Market Concentration and Lost Decades
The invention of market cap-weighted indices has been beneficial for the average investor by providing a…
Geopolitical Change: Investors Should Focus on the Long Term
In our interconnected world, geopolitical events — ranging from trade disputes and regulatory shifts to conflicts…
Private Equity and Private Debt: Two Sides of the Same Coin
Private equity (PE) and private debt (PD) are often viewed as distinct investment strategies, but they…