Articles in - Investing

Option Traders and the 2020 Presidential Election

The year 2020 has been one of extremes. As individuals, governments, and industries cope with the direct and indirect effects of COVID-19, global securities markets are bracing for a high-stakes US presidential election that could differ dramatically from its recent...

Marko Papic: Geopolitical Forecasting in Volatile Times

For more from Marko Papic, don’t miss his presentation, “Geopolitics for Investors,” with Caitriona MacGuinness, CFA, at the upcoming CFA Institute European Investment Conference on 15 and 16 November 2020. In the turbulent year 2020, Marko Papic’s book, Geopolitical...

Who’s Afraid of Jerome Powell?

I see charts of central bank balance sheets everywhere. Maybe it’s because I am so adamant that quantitative easing (QE) isn’t going to create inflation that I notice them so much. But then again, there is a reason these charts pop up time and again. After all, the US...

Time’s Up for the IRR: Resetting the Clock on Private Equity

The internal rate of return is dead. Long live the IRR. “Hey, the IRR looks soooo close to the DaRC!” Michele observed. Michele is our chief technology officer at XTAL Strategies, and I had never asked him to compute and include private equity’s internal rate of...