Podcasts
The Overplayed, Turbo hyped, and
Underwhelming World of Artificial Intelligence
Capitalism: A Rejoinder
In late May 2019, my fellow columnist and friend, Christopher Schelling, penned an essay on free-market failures — namely, that America has too little capitalism. This is my response.
This essay first appeared in Institutional Investor in June 2019.
The Insane Story of How an Early Quant Investor Went Rogue
Intentional HIV infection. Acid attacks. Attempted murder. Nothing was apparently beyond the pale for one of the fathers of computer-based investing.
This story first appeared in Institutional Investor in January 2019.
Embrace the Black Box
It’s a universal truth that investment processes should be understandable. However, artificial intelligence managers can provide no authentic explanation of their investment process. This presents investors with a choice.
The Closest Thing to White Supremacy I’ll Ever Get to Write About
It’s not Charlottesville, but the hypocrisy of TPG’s William McGlashan — the prominent impact investor caught up in the college acceptance cheating scheme — is as despicable as I’ve ever seen. This essay original appeared in Institutional Investor on March 21, 2019.
Death in the Time of Bitcoin
A cryptocurrency exchange founder dies, leaving 115,000 customers without access to their digital coins. But is their bad luck someone else’s fortune?
This essay originally appeared in Institutional Investor on March 1, 2019.
BlackRock Crosses the Artificial Intelligence Rubicon
With BlackRock’s artificial intelligence pivot, there is not turning back. The original essay could be found here.
Does Alpha Exist?
Examining the investment debate of luck versus skill within a theological framework.
The Diversity Fraud
A simple truth the asset management industry refuses to admit is that its decades-long attempts to achieve gender and ethnic diversity have utterly failed. There are three touchstones of this truth: workplace diversity, board representation, and manager allocations. The original essay can be found here.
Postscript To “The Diversity Fraud”
Why Socialism Could Be Good For Institutional Investors
The first hedge fund was created by a socialist. So why can’t modern-day socialism help modern-day institutional investors and asset managers? The original essay can be found here.
This Essay Is Meant To Make You Feel Uncomfortable
Questions must to be asked about the deafening silence surrounding sexual harassment in asset management – an industry that, to outsiders, would seem absolute ripe for Harvey Weinstein and Matt Lauer-style abuses of power and privilege. The original essay could be found here.