The twin South Sea and Mississippi bubbles of 1720 inaugurated the new age of modern finance. Both of …
Valuation
Convergence and Reversion: China’s Banking System at 70
During its 70-year existence, China’s modern banking system has typically been ill used by its government. Nevertheless, after …
Rethinking Macro Measurement
Economists have long recognized that widely reported and followed economic indicators such as GDP, productivity, and real wage …
The Poverty of Monetarism
In this edited transcript of a lecture presented in Beijing in December 2019, the author provides a critique …
The Benefits of Buying Distressed Assets
Studies of mergers and acquisitions have struggled to identify characteristics of M&A transactions that are consistently associated with …
What Public Companies Can Learn from Private Equity Pay Plans
Studies of private equity pay, including one by current SEC commissioner Robert Jackson, have pointed to restrictions on …
Columbia Law School Roundtable on Public Aspects of Private Equity
The mandate of the broader private equity “ecosystem” goes well beyond earning competitive returns for the limited …
A Tale of Leadership in Value Creation
In this prologue to his new book, Curing Corporate Short-Termism, the founder and CEO of Fortuna Advisors presents …
University of Texas Roundtable on LP Perspectives on the State...
In this wide-ranging discussion among four limited partner investors in private equity, the LPs commented on the rates …
Private Equity and the Covid-19 Economic Downturn: Opportunity for Expansion?
The coronavirus-related global economic downturn poses a significant risk to PE portfolio companies, but also represents a significant …