Hedge Funds: Part Deux

Last time around we examined one of the original yet still most persistent strategies; equity long/short. But Hedge funds are also linked to takeovers and other big trades in financial…

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Understanding Our Business: it is not about stock picking

It is often said the value of the share of a company is the present value of the cash flows the company is going to earn in the future. How does one know what these future cash flows are? Nobody knows. So, you can see, the assessment of the value of a company depends very much on the assumptions about the business and the operation of the company.

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Back to Basics

Episode 1 ‘The one with the Birth’ In last week's blog, we looked Back to the Future and what we could learn from the past about the future of digital…

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Christmas Quiz…

Here is the quiz from our holiday greeting video: a bond has a 2.5% annual coupon, and a modified duration of 12. If it is yielding at 2.019%, what is your estimate of the price of the bond?

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No! Not another article about yield curve inversion!

Recently there have been quite a bit of chatters in the financial market regarding the steepness of the US treasury yield curve; especially since it was inverted at one point, many have referred to that as an indication that a recession will happen within the next two years. Do you feel that there has been a lot of saying but not enough explaining? Well, that’s what we want to do here: to understand a thing or two about what drive the steepness of the yield curve, in normal times or the current time, if you think the current time is not quite normal.

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