How Dark Pools Work—and How Retail Investors Benefit
Dark pools have gotten a lot of really bad press, but they aren’t all bad. In fact, dark pools are an important component of equity markets—and they might not be what you think they are.
Why Hedge Funds are Down
Another hedge fund has announced massive, higher than baseline losses in its returns for 2022—which should strike you as weird. Hedge funds are by definition supposed to be hedged—meaning lower performance in bull years and better performance in bear years. So why isn’t this happening—why are hedge funds down 40% when the market is down 20%? Where are their shorts, and why aren’t the shorts helping?
The Power of Words
In a recent speech, Federal Reserve Chairman Jerome Powell caused a tumult in the markets with tons of snickering, complaining, and outright anger from talking heads and politicians, let alone your average retail investor. How did he do it—and why?
The Passing of a Legend
Arguably the most towering figure in the world of hedge funds, and arguably one of the most important people in the history of finance, passed away aged 90. A look on his life shows what makes success in financial markets, as well as what doesn’t.
Is Finance a Philosophy?
Some of the most successful and wealthiest people in finance are worth billions of dollars—but they want something more: respect. Those handful of multibillionaires who consider themselves philosophers—are they? Is finance a philosophy?
Inflation’s Slip, Slide, and Slope
The market is beginning to look at a slide in inflation, but the story isn’t so simple. Cadence is a crucial and often overlooked aspect of market and economic forecasting—but it is perhaps the most important question in the disinflationary future we might be looking at.