Description: Describes outlook for inflation, generally higher in the US and lower in Japan/Europe. Enumerates macroeconomic drivers of inflation, and comments on the pace of inflation-linked debt issuance globally.

Description: This article discusses equity risk premium, what it is, how it should be measured, if a constant risk premium provides the best model and what are reasonable expectations for the future.

Description: The Long and Short (Runs) of Investing in Equities by Peter Yoo from Risks and Rewards Newsletter, March 1999, Issue No. 32.

Description: A Balanced Outlook: The Latest Views of Jack Bogle

Description: A discussion on how, as some have worried, we are entering uncharted territory for countries such as the United States and the Eurozone, as large amounts of money are being expended to stave off major global financial crises.

Description: The article discusses the characteristics of the high-yielding bank loan asset class.

Description: Gold has been one of the worst performing investment assets of the last two decades due to the steady to low inflation. In the future, if the US economic environment takes a turn for the worst or inflation reemerges, gold will once again be a high performing investment.

Description: Is Risk/Return a sound tool for decision-making? No. It is not consistent, not objective, distorts decision and degrades governance. Why? What shall we do then?

Description: Read the February 2017 issue of Risks and Rewards published by the Investment Section.

Description: Read the August 2018 issue of Risks & Rewards published by the Investment Section.