Book Review: Boom And Bust
The book is an achievement not only for its historical detail but also for supplying a unifying framework that can be applied…
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Book Review: Beyond Diversification
Sébastien Page explains the pros and cons of different approaches to forecasting returns, risks, and correlations across asset…
Equal- Vs. Market Cap-Weighted Portfolios In Stock Market Crashes
Researchers have long compared the performance of equal- and market cap-weighted equity strategies, but no clear consensus has…
Meme Stocks And Systematic Risk
Once a stock becomes a meme, we found, it not only exhibits greater total risk, or volatility, but also greater correlation with…
Myth-Busting: Equities Are An Inflation Hedge
Inflation has dominated investing conversations in 2021. Contrasting the nominal and real monthly equity returns in the four…
Buybacks And Dividends: Sizing The Upswing
Corporations responded to the onset of the COVID-19 pandemic by slashing costs and raising liquidity.