What type of asset-liability matching am I talking about
Asset-liability matching means different things to different people, even when you think you’re dealing with a specific situation and therefore talking about the
For money managers (and for our personal investments), rate of return is the most important number that is expressed in percentage terms. But how do we calculate it? Do we use the simple
Realized return of buybacks
When we think about returns on buyback programs, we normally look back and estimate the realized return of holding the company’s stock.
For example, company X has the
Swaps is one of those topics that is perceived to be basic, easy, and intuitive. But not really. We study them briefly in business school and in the CFA curriculum, but that happens
As of January 2022, this site is set up and maintained with a few tools.
hardware and apps
I use a MacBook Pro (14-inch, 2021) with the Apple M1 Pro chip and 16