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

Musings on Markets

For more established private businesses, some of which need capital to grow and some of which have owners who want to cash out, the capital has come from private equity investors. 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
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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. Finally, I carve out simple (even simplistic) sessions on inflation, interest rates and exchange rate , three macro variables that we are exposed to in almost all financial analysis and valuations.