Description: This article explores the market volatility of 2008, and addresses the following question: “was the market behaving inefficiently as appeared to be the case in 2008, or was there something truly rational going on, which for most people was hard to see?”

Description: Presented at May 1996 Spring Meeting. Panelists discuss the accounting, tax, internal control, and regulatory issues associated with derivative securities and provides an update on recent developments.

Description: Describes how the mantra of 'tax cuts will pay for themselves" along with the political unwillingness to cut spending (extant since the 1980s), has led to this increasing debt problem in the U.S., reaching $17 trillion at time of writing. Other countries are behaving in a similar fashion, and it can be only a matter of time before the globe may reach another crisis, this time based on excessive government debt coupled with fewer interested investors.

Description: Full version of Risks and Rewards Newsletter, April 2000, Issue No. 34.

Description: Full version of Risks and Rewards, February 2005, Issue No. 46.

Description: The article contemplates whether there is heightened sensitivity towards how investment activity is portrayed and described.

Description: This article discusses world economic and financial trends and how people can be fooled into thinking nothing can go wrong.

Description: Feature article discussing the too big to fail principle and whether or not strong competition is ideal in terms of the banking industry.

Description: If has been noted that the turnover of many investment funds has been quite high in recent years relative to history and very high in absolute terms. There have been fundamental changes in the marketplace that have caused the high turnover. Investment horizons have been shortened. This article discusses the changes.