Skill Versus Luck

Skill Versus Luck

“Poor feedback about skill makes it virtually impossible for most fund managers to improve … This is largely behind the generally disappointing results from the overall active equity management industry.” From the opening chapter of Skill Versus Luck Relative return,...
The Thinking Machine

The Thinking Machine

Goldman Sachs has called Nvidia “the most important stock on earth” and employee reviews on the website Glassdoor have ranked Nvidia the best place to work in the United States. From the IPO date of January 22, 1999 through mid-2024, Nvidia’s stock appreciated by more...
How to Excel During Q&A

How to Excel During Q&A

In This Issue: The Power of the Pause | Tough Questions | Q&A Prep Even the most skilled presenters can lose the plot during Q&A. By rambling without answering the question. By erupting into a sudden blizzard of “ums” and “uhs” that betray lack of conviction....
Presentation Lessons from the Fed

Presentation Lessons from the Fed

In This Issue: FOMC Lessons | “I Don’t Know” | America’s Bank The stakes are very high whenever U.S. Federal Reserve Chairman Jerome Powell speaks about the state of the economy and related Fed decisions. Because Mr. Powell’s words can move markets, every nuance is...