These Are the Plunderers: How Private Equity Runs — and Wrecks — America. 2023. Gretchen Morgenson and Joshua Rosner. Simon & Schuster. In 1970, Milton Friedman penned...
Forecasting inflation is a notoriously difficult business, which means we have to set expectations. After all, if I were a good inflation forecaster, I would probably be investing on it not writing about it....
Innovation Drives Value Creation Innovation has always propelled economic progress and wealth creation. Investors once accessed the growth of groundbreaking companies through the stock market after these innovative firms went public....
US government money market funds have enjoyed record inflows this year as their 5%-plus yields — the highest in decades — and lower-risk status have obvious appeal for investors.  But we...
Validation of Risk Management Models for Financial Institutions: Theory and Practice. 2023. Edited by David Lynch, Iftekhar Hasan, and Akhtar Siddique. Cambridge University Press. Because of their...
Daniel Kahneman earned the Nobel prize in economics for his research on prospect theory. His scholarship helped demonstrate how behavioral finance — and by extension, sentiment analysis — can improve our understanding of market...
For more on artificial intelligence (AI) in investment management, check out The Handbook of Artificial Intelligence and Big Data Applications in Investments, by Larry Cao, CFA, from the CFA Institute Research Foundation. ...
In Agatha Christie’s mystery novel Hallowe’en Party, a young guest who may have witnessed a murder drowns in an apple-bobbing basket. In the wrong place at the wrong time, the unfortunate partygoer’s fate is...
For the past three years, I’ve written a monthly column for Canadian MoneySaver called “Portfolio Confidential” that answers various investor questions. Some of these I receive from emails, but most come from another source:...
Global private capital firms are charting a well-traveled course. With their sprawling empires, the largest alternative asset managers have adopted strategies that borrow extensively from the octopus-like corporate conglomerate business model. ...