Innovation and the Limits of Finance
When Google’s Bard AI made a small mistake, $GOOG stock fell by $100 billion in market capitalization. Why did this happen, how could this have been foreseen, and how does innovation impact equity valuations?
Five Tells of an Amateur Investor Faking It
What are some signs that you are listening to someone who doesn’t know what they’re talking about? Experts use expert terminology, but in finance a lot of amateurs like to pretend to be pros. Here are five signs you’re dealing with a pretender and not an actual professional.
The Tragedy of the iBuyers
Insider trading is considered one of the worst sins in finance—yet it doesn’t always work. In fact, sometimes you can have the most insider information imaginable and still lose money. That’s what these companies did—for years.
Losing Billions from Dumb Mistakes: The GIGO Problem
GIGO is an old programmer’s principle that applies just as much to financial forecasting as to code, but it isn’t something often discussed. What is this idea and why should bankers care?
The Brutal Grunt Work of First Year Investment Bankers
Congratulations! You’ve become an investment banker! And it’s great that you’re not scared of 120 hour workweeks. But those 120 hour weeks won’t be spent building models and doing finance stuff. Here’s what your job will really look like.
The Biggest Investing Mistake Pros Never Make
Of the many, many mistakes retail investors habitually make, there is one that is so simple and easy to fix that it’s amazing that the error is still so common. This is especially surprising, since it’s an error the pros never make.