Archives

Excellence in due diligence stems from mapping the landscape of our understanding, especially by continually asking the title question.

Danger, danger. Accepting investment practices at face value is risky. That’s true for the title topics, and for other readings in this edition.

In addition to the headline topics, this edition also looks at the importance of “seating charts,” the complex web of AI investments, investment stories, infrastructure, factors, diversification, and much more.

Great reads on focus versus diversification by companies, a new index permutation of note, active ETFs, changes in sentiment analysis, and a number of other important ideas. Plus, a distressing echo of the past (only louder).

The great challenge for investment organizations is to continue to evolve beyond what works now and what can be tested, measured, rewarded, and “proven.” The real world is full of fat tails.

Also in this edition: AI pitching vs. AI washing; active vs. passive; bull vs. bear attributes and; private markets for the people vs. not. Plus, down on the farm; strategies fleeing pod shops, accounting shenanigans, confidence, and carpet guys!

Also, hedge funds, buffer funds, individual investor power, price and value, hyperscaling private credit, angel investing, fees and performance, cash, infrastructure assets, and talking your book.

It’s the slow season, until it becomes the slow-then-fast season and you have to start scrambling. For now, enjoy this great mix of readings from around the investment ecosystem.

Don’t just stop after the headline items. Also: high conviction, growth and value, muni marks, semiliquid funds, venture, AI, growth equity, Bitcoin corporate treasury, and still more.

It is a challenge to communicate investment information and ideas in a concise yet accurate manner. One category where that comes into play is “one-pagers.” Much like with résumés, standards for creating them are changing.

Good readings about when to cash out buyout funds via secondaries, The “bad bet” of active mutual funds, a possible credit bubble building, effective questioning of general partners, a look back at Lehman “risk management,” and a number of other worthwhile ideas.

An analysis of the research habits of individuals inspires a consideration of the implications of new technologies for the investment processes of organizations.

Among other topics: Hedge funds as mimetic organizations, the power of model portfolios, private equity and sports, thesis drift, false precision, the index effect in corporate bonds, and permeable analytical standards.

Plotting the cultural life cycle of an investment firm is challenging since there are so many factors that can throw it off balance. Leaders must have organizational prowess above all else.

From moats to risk management, valuable quant code to the mysteries of the markets, and much more, here is the range of worthwhile content that you’ve come to expect from the Fortnightly.