Learning from the Past, Anticipating the Future, and Adapting Quickly in the Present

Predicting Shifts in Investor Beliefs and Behavior

Evaluating the Performance of Equal Risk Weighted Portfolios in 2007 and 2008

In the business world, failure is the rule rather than the exception. Investment management is no different. What do we know about what causes failure?

A Letter to the New Graduate

H1N1 Influenza Update

The Outlook for Venture Capital Returns

The Role of Property in a Portfolio, Given Recent Experience

Grounding Risk Management in Neuroscience

Macro Forecast: Analysis of Competing Hypotheses, and Early Warning Indicators to Monitor

Economic Update: Current Situation, Future Scenarios, and Asset Allocation Implications

Investment Implications of the Joint Operating Environment 2008, and Global Trends 2025 publications by the US Joint Chiefs of Staff and US National Intelligence Council

Why Were So Many Investors and Advisors Surprised in 2008? And What Will We Write in Our Annual Client Letter?