Blog Posts

Bond yield decomposition is an analytical framework for understanding the underlying forces driving changes in interest rates. Dissecting nominal yields into their constituent components, we can understand market expectations regarding economic growth, inflation, and risk premia. This analysis is important because these macroeconomic factors drive a significant amount of financial asset prices.   Key Takeaways […]

Closed-End Funds (CEFs) are a type of investment fund that pools money from investors to buy a diversified portfolio of assets, such as stocks, bonds, real estate, or other securities.  Unlike mutual funds or ETFs (exchange-traded funds), CEFs have a fixed number of shares issued at their initial public offering (IPO) and are traded on […]

Ole Andreas Halvorsen has built Viking Global Investors into one of the world’s top hedge funds. Known for his low profile and precise strategies, Halvorsen and his firm manage approximately $48 billion, balancing between public equity investments and a significant private equity portfolio, a similar hybrid approach to other Tiger Cubs like Chase Coleman. With […]

Stephen Mandel is the founder of Lone Pine Capital, and is known for his exceptional analytical skills and impressive track record. Often hailed as the “best industry analyst” by peers like Seth Klarman, Mandel’s path from a retail analyst at Goldman Sachs and Tiger Management to a top-performing hedge fund manager is a function of […]

Trading the financial markets is a complex undertaking that involves managing a variety of trade-offs. These trade-offs are not merely binary choices but often exist on a spectrum between two or more interests or wants and across a variety of dimensions. Accordingly, traders have to balance competing interests, resources, and strategies. Understanding these trade-offs is […]

​​Julian Robertson’s influence on Chase Coleman laid the groundwork for Tiger Global’s distinctive hybrid financial strategies. Fusing traditional hedge fund techniques with venture capital agility, Coleman positioned Tiger Global to excel in identifying transformative companies. We look at Coleman’s early years, market philosophy, and the impact of Tiger Global’s approach on the industry. What can […]

Arbitrage, at its core, is the art of exploiting price differences for the same asset across different markets. Cash-futures basis arbitrage is a specific type of arbitrage that leverages the relationship between the cash (or spot) market and the futures market for a given underlying asset.   Key Takeaways – Cash-Futures Basis Arbitrage Understand the […]

Cryptocurrency has exploded in popularity, and with it, the concept of crypto mining. But can you mine cryptocurrency on a Mac? The answer is a bit complicated. While Macs aren’t traditionally known for their mining prowess, they can be used to mine certain cryptocurrencies. It’s nonetheless important to understand the process, the potential profitability, and […]

Cloud mining is a way to mine cryptocurrencies like Bitcoin without the hassle of owning and maintaining expensive hardware.  It sounds like a dream for many crypto enthusiasts, but it’s important to understand the nuances and potential downsides of this approach.  It’s also important to be aware that cloud mining is often associated with scams.  […]

Finding forgotten stock certificates tucked away can be a surprising and potentially valuable discovery.  These tangible documents represent ownership in a company, and while most stocks are now held electronically, old certificates can still hold worth, both financially and sentimentally.  This guide will walk you through the steps of exploring their potential value and navigating […]