article thumbnail

The School Bell Rings: Time for Class!

Musings on Markets

I started in the MBA program at University of California at Los Angeles (UCLA) in 1979, at the tail-end of its basketball glory days, fully expecting to move on to a career in consulting or investment banking, when I was done.

article thumbnail

The (Uncertain) Payoff from Alternative Investments: Many a slip between the cup and the lip?

Musings on Markets

On the debt front, the public debt and bank debt market is supplemented by private credit , where investors pool funds to lend to private businesses, with negotiated rates and terms. again a process that has been around a while, but one that has also become formalized and a much larger source of funds.

Alpha 75
article thumbnail

A Return to Teaching: The Spring 2023 Edition

Musings on Markets

If your query is why I would continue to teach rather than seek out more lucrative careers in investing or banking, my answer is a simple one. It is ironic, and perhaps telling, that our understanding of statistics seems to have hit rock bottom in the age of big data.