Reflections on Investing Cornell Capital Group LLC
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- Business
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Drawing upon his 40 year career in both academia and investment consulting, Prof. Bradford Cornell tackles todays important investing issues from both a practical and scientific perspective. His straightforward approach will help investors or all stripes make reasoned financial decisions.
www.cornell-capital.com
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Ep56: The Medallion Fund vs Market Efficiency
Professor and Nobel Prize winner Eugene Fama put forth the efficient market hypothesis and based on that concept Warren Buffet suggested that holding a passive investment in the S&P 500 was the best advice for most investors. If the market were efficient and if passive investing was best for everyone, how can that be reconciled with the performance of Jim Simons' Renaissance Technologies Medallion fund.
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Ep55: Stock Prices - For Every Buyer There is a Seller
When attempting to explain movements in stock prices the media often overlook the key facts that for every buyer there is a seller and every outstanding share must be held continuously.
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Ep54: Damodaran's ERP and Future Stock Prices
The decade ending in 2023 was a great one for common stocks. Is the next decade likely to be as good? We provide an analysis using Damodaran's equity risk premium (ERP) and a framework developed by Jordan Brooks of AQR.
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Ep53: Real Interest Rates
Real Interest Rates have an immense impact on the stock market as well as the bond market. Nonetheless, they are widely misunderstood.
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Ep52: The Crash of the Bond Market
In August of 2020 Apple issued a 40 year, 2.55% bond, two years later that bond is down nearly 40%. Apple's stock on the other hand is up over 50% in that same period. Why is that and what does it imply?
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Ep51: The Apple Stock Bond Paradox
In August of 2020 Apple issued a 40 year, 2.55% bond, two years later that bond is down nearly 40%. Apple's stock on the other hand is up over 50% in that same period. Why is that and what does it imply?