Featured Lectures
The Principles of Intelligent Investing
A foundational survey of value investing from Graham to Munger — margin of safety, intrinsic value, and the psychology of long-term ownership.
Macroeconomic Cycles & Portfolio Positioning
How business cycles, interest rate regimes, and monetary policy interact — and how to position a portfolio intelligently across economic seasons.
Reading a Balance Sheet Like a Principal
A deep dive into financial statement analysis — what management wants you to miss, and what the numbers actually reveal about business quality.
Private Markets & the Illiquidity Premium
Why locking up capital can be an advantage — an examination of private equity, venture, and real assets as institutional-grade allocations.
Behavioral Biases & the Destruction of Wealth
Loss aversion, recency bias, overconfidence — a systematic tour of the cognitive errors that cause intelligent investors to consistently underperform.
Generational Wealth: Structures, Trusts & Legacy
How enduring family wealth is constructed, governed, and transferred — dynasty trusts, family offices, and the governance frameworks of old money.
Papers & Research
Journal of Portfolio Management
Factor Investing in a Regime-Shifting World
Why factor premia appear and disappear — and how a regime-aware framework improves allocation decisions across value, momentum, quality, and low-volatility strategies...
A systematic examination of when factor strategies work, when they fail, and how to construct portfolios that survive regime transitions.
Financial Analysts Journal
The Compounding Paradox: Why Average Investors Underperform Average Returns
Despite historically robust equity returns, the average investor dramatically underperforms the average market. This paper decomposes the gap into behavioral, structural, and advisory components...
The arithmetic of compounding is simple. The psychology of staying invested is not — and that gap costs investors decades of wealth.
Journal of Real Assets
Real Assets & Inflation Hedging: A Historical Analysis Across Regimes
Across six inflationary regimes since 1900, we examine the relative performance of real estate, commodities, TIPS, gold, and infrastructure as inflation hedges...
Not all inflation hedges are created equal — a rigorous historical study of what actually preserved purchasing power when it mattered most.
Trusts & Estates Journal
Dynasty Trust Design & the Multi-Generational Transfer of Capital
An examination of dynasty trust structures across jurisdictions, evaluating their relative effectiveness at preserving capital, minimizing estate tax exposure, and maintaining family governance...
The legal architecture of generational wealth — how old families structure trusts to outlast the individuals who build them.
Journal of Applied Corporate Finance
Capital Allocation Excellence: What Separates Great CEOs from Good Ones
A study of capital allocation decisions across 200 public companies over 20 years, isolating the decision patterns that separate compounders from value destroyers...
The most important financial skill a CEO can possess — and why business schools barely teach it.
Journal of Risk
Tail Risk, the Kelly Criterion & the Sizing of Conviction Positions
How much of your portfolio should you put in your best idea? This paper applies Kelly's framework to concentrated equity positions, with explicit treatment of estimation error and tail scenarios...
The mathematics of position sizing — and why the optimal bet is almost always smaller than the confident investor believes.
Books
Book recommendations coming soon.
Research
Original research coming soon.