Harvard Corporate Governance
AUGUST 11, 2023
We also investigate whether litigation conveys valuable information to the market and how the competitive landscape changes both for indicted firms and their direct competitors. Our paper contributes to the discussion by examining fraud allegations, thus not restricting our investigation based on the eventual case outcome.
Musings on Markets
JANUARY 19, 2022
If equity markets surprised us with their resilience in 2020, not just weathering a pandemic for the ages, but prospering in its midst, US equity markets, in particular, managed to find light even in the darkest news stories, and continued their rise through 2021. The year that was.
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Musings on Markets
MAY 6, 2022
The nature of markets is that they are never quite settled, as investors recalibrate expectations constantly and reset prices. Clearly, we are not in one of those time periods, as markets approach bipolar territory, with big moves up and down.
ThomsonReuters
MAY 6, 2021
An entity may draw from its own experience as well as that of its peers, industry, geography, market, or other pertinent source. The adjustment added to the risk-free rate to arrive at the risk-adjusted rate is often referred to as the “risk premium.” Understanding the Calculation and the Output.
Musings on Markets
JANUARY 9, 2021
I spent the first week of 2021 in the same way that I have spent the first week of every year since 1995, collecting data on publicly traded companies and analyzing how they navigated the cross currents of the prior year, both in operating and market value terms.
Musings on Markets
NOVEMBER 9, 2021
I have been writing about, and valuing, Tesla for most of its lifetime in public markets, and while it remains a company that draws strong reactions, it is also one that I truly enjoy valuing. In June 2019, Tesla had hit a rough spot, partly due to concerns about production bottlenecks and debt, and partly due to self inflicted wounds.
Musings on Markets
JANUARY 21, 2023
It is the nature of stocks that you have good years and bad ones, and much as we like to forget about the latter during market booms, they recur at regular intervals, if for no other reason than to remind us that risk is not an abstraction, and that stocks don't always win, even in the long term.
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