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

Musings on Markets

These ignored investment classes are what fall under the rubric of alternative investments, and while many of these choices have been with us for as long as we have had financial markets, they were accessible to only a small subset of investors for much of that period.

Alpha 76
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The School Bell Rings: Time for Class!

Musings on Markets

Continuing an annual ritual of long standing, ahead of starting my spring teaching at NYU starting in a couple of weeks, I would like to invite you, if you are interested, to come along for the ride. If you are well versed in these areas already, you should skip this class and move on, but it cannot hurt to refresh the basics.

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A Return to Teaching: The Spring 2023 Edition

Musings on Markets

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. The class starts with a question of what the end game should be for a business (profitability, value, social good?),

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Does ESG Information Affect Individual Investors’ Portfolio Choices?

Reynolds Holding

Once a niche area of fund management, the volume of global sustainable investment in five major markets reached $35.3 trillion at the start of 2020, a 54.5 Retail investors are nonetheless participating in the capital markets in increasing numbers, and so it is important to understand how they respond to ESG information.