Decode Academic Finance into Actionable Investment Insights
Each week, we translate top-tier finance research into plain English — revealing evidence-based ideas that matter to professional investors, analysts, and CIOs.
Each week, we translate top-tier finance research into plain English — revealing evidence-based ideas that matter to professional investors, analysts, and CIOs.
Copper really does lead stocks (but the sign flips). Trillions in static funds permanently support prices. And only 35% of rate declines helped equities.
Percent at risk” predicts nothing. Relative pay risk does. Plus: how to actually spot skilled bond managers.
This week: why newly classified growth stocks underperform so badly they double the value premium, how embedded credit risk can cut PE IRRs by 500+ bps, and whether management tone during earnings calls actually predicts future returns.
This week: a macro regime–aware framework that doubles returns, how to nearly double momentum’s Sharpe ratio by removing unpriced risk, and what 13F data still reveals about true manager skill.
Active managers’ edge has collapsed since 2010, but research shows where alpha still hides, from R&D intensity premiums to credit spread signals that lead equity.
A century of data shows innovation hype predicts lower returns, AI equities are quietly tied to private credit risk, and Fed surprises still drive tradeable post-announcement drifts.
