Understanding Risk

Understanding Risk

Risk is the permanent loss of capital. It is not volatility, nor is it uncertainty. It is the realization of a loss. Therefore, risk is only clear with hindsight. Understanding how risk works avoids the mistakes that cause the permanent loss of capital. Check out this...

Predictability and Panic

Markets are assumed to be predictable, however, with increasing regularity, panicked movements drive valuations. Social media and ubiquitous smartphones are a recipe for increased market volatility and more dramatic supply and demand swings leading to panic and...
Education and Research

Education and Research

Applied research and academic rigor are a core part of our DNA. We publish research on topics ranging from security valuation, competitive analysis, market conditions, geopolitical updates, technological innovations, market disruptions, and emerging trends. We also...

Education and Research

Applied research and academic rigor are a core part of our DNA. We publish research on topics ranging from security valuation, competitive analysis, market conditions, geopolitical updates, technological innovations, market disruptions, and emerging trends. We also...