
My personal Substack
| Platform | Pricing | Freemium | Publishes | Daily | |
|---|---|---|---|---|---|
| Issues | 314 | Founded | a year ago | Last Issue | 4 days ago |
| Active | |||||

Ask any finance professor what drives stock prices, and the standard answer is discount rates—the expected return investors demand for holding risky assets. When investors become more fearful, they demand a higher return, and prices fall....
It’s easy to say prices went down, so it must have been a bubble, after the fact.
It’s easy to say prices went down, so it must have been a bubble, after the fact. I think most bubbles are twenty-twenty hindsight. — Eugene Fama, 2010 New Y...
Are private credit valuations based on quarterly appraisals creating a structural lag between market conditions and reported performance? That matters because private credit has grown into a $3.5 trillion market.
In his June 16, 2026 paper...
Charles Ellis’s classic work, Winning the Loser’s Game—first published as a book in 1985, building on his landmark 1975 Financial Analysts Journal article— highlighted a sobering reality for investors: only about 20% of actively managed fun...
New academic research reveals that private companies time their public listings to exploit temporary mispricings in comparable public stocks.
New academic research reveals that private companies time their public listings to exploit tempor...
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| Ranked Keywords | 1.6k | Monthly Search Traffic | Top Keywords |
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The writers behind this newsletter.
Authored or co-authored 18 books on investing with the latest being Enrich Your Future. I regularly review the findings of peer-reviewed financial journals, evaluating the outcomes, and letting investors know what to do with the information.
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