Buyers Beware: 7 Red Flags That Signal a Private Market Reckoning
uttu In the history of every great catastrophe, you will find some masterly bit of stupidity set fire to…
Investment
ChatGPT and Generative AI: What They Mean for Investment Professionals
For more on artificial intelligence (AI) applications in investment management, read The Handbook of Artificial Intelligence and Big…
Regret and Optimal Portfolio Allocations
How is risk defined in portfolio optimization objective functions? Usually with a volatility metric, and often one that…
Distress Investing: A Tale of Two Case Studies
With recession forecasted in many economies this year or next, distressed situations will be an important source of…
SEC Scrutiny of ESG-Related Disclosures: What to Expect
Taking nonfinancial information into account when conducting financial analyses is not entirely new to professional investors and analysts.…
Digital Asset Markets: Five Important Themes
Digital assets have had a wild ride over the last year. Several centralized crypto companies, from the hedge…
Do Sentiment Metrics Matter to the Markets?
Consumer spending accounts for almost 70% of nominal US GDP. As such, consumer sentiment ought to have some…
ChatGPT and Large Language Models: Six Evolutionary Steps
The evolution of language models is nothing less than a super-charged industrial revolution. Google lit the spark in…
Active vs. Passive Revisited: Six Observations
Two institutional managers I know — one at a Fortune 500 defined benefit pension fund and another at…
Public Debt: Four Ways to Deleverage
“There are these people who think we don’t have to take all these tough decisions to deal with…