Sustainable Fixed Income Investing: Does ESG Actually Matter for Bonds?
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
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The One-Week Intensive Cure: A Quick Detox That Beats Fasting
Chapter 10 of The Swiss Secret to Optimal Health opens with a line I genuinely appreciate: “With Dr. Rau’s Way you cannot cheat.”
The Predators and the Prey: Why People Trade (Chapter 8, Part 2)
The Food Chain of the Market
In the second half of Chapter 8, we meet the players who are actually trying to make a living in the arena. If trading is a zero-sum game, these are the people trying to take your money.
What Makes a Good Market? Liquidity, Transparency, and Fairness (Chapter 9)
What does “good” even mean when we talk about a market? This is not a philosophical question. It is a practical one that affects every regulation, every rule change, and every debate about how trading should work. Chapter 9 is Harris building a framework for answering this question, and it turns out to be one of the most important chapters in the book.
Atlas Shrugged Part II, Chapter 1: The Man Who Belonged on Earth - When the World Runs on Fumes
Part II opens and the world is worse. Way worse. Wyatt’s oil fields are still burning. The government took over the ruins and created the “Wyatt Reclamation Project.” They staffed it with committees and planners and administrators. After all that effort, the project produces six and a half gallons of oil where Wyatt once produced thousands of barrels. Six and a half gallons. That number just sits there like a punchline to a joke nobody’s laughing at.
Chapter 4 Part 3: Private Debt, Real Estate and Other Alternative Assets
This is the final piece of Chapter 4. We covered venture capital, growth capital, LBOs and special situations before. Now Demaria walks us through the rest of the private markets universe: private debt, real assets, and a handful of other instruments that sit at the edges of the asset class.
Defining the Problem: Searching and Mapping the Mess
This is post 11 of 23 in a series on Systems Thinking: Managing Chaos and Complexity by Jamshid Gharajedaghi (ISBN: 978-0-7506-7973-2).
EM Rates: Inflation, FX Pass-Through, and When Central Banks Pivot
Previous: EM Rates and the Fed Cycle
In the first half of this chapter, we talked about how the monetary policy cycle works in EM and how it mirrors (but isn’t identical to) the US cycle. Now we get to the really juicy stuff: why inflation behaves so differently in EM, how to forecast it, and when to actually put trades on around central bank pivots.
Hedge Fund Data Collection: Where to Start Your Research (Part 1)
So you have narrowed your list of hedge fund candidates. You ran the screens, looked at the charts, compared the numbers. Now what?
Hedge Fund Operations and Institutionalization - Getting Your House in Order
Here’s a stat that surprised me. A 2006 study by Capco found that more than half of hedge fund failures happen because of operational problems, not bad investment picks. Think about that. Most funds don’t blow up because the portfolio manager made a bad bet. They blow up because the back office was a mess.