Browsing: Blog

1. Connect issuer sophistication to portfolio design: Less financially sophisticated issuers may pose greater disclosure or governance risk, but they may also exercise call options less…

Futures offer significant advantages in execution speed. When regime shifts require exposure adjustment, physical holdings impose transaction costs, potential tax triggers, and multi-day settlement periods. Futures…

Innovations are rarely just about superior performance. They are also about experimentation. And all new experiments breed their fair share of miscarriages. Given the extraordinary impact…

Artificial intelligence (AI) is rapidly evolving from an experimental capability into a core production input across industries. Public markets have responded accordingly, with firms perceived as…

Understanding the mathematics of loss must ultimately translate into portfolio construction. Not all defensive assets offer the same quality of protection. Conflating perceived safety with genuine…

Private credit faces a fundamental verification and information problem. Recent market developments have brought these issues into sharper focus. As liquidity tightens, and redemption pressures increase,…

Welcome to our annual report on how The White Coat Investor is doing in fulfilling our mission. We also report annually on our conflicts of interest.…