Crowd Whisperers

Crowd Whisperers

While attending investor conferences in my early career at Hambrecht & Quist, I was tasked with taking notes about specific companies for a VC client. The VC several times asked me to describe the crowdedness of a room, a question I appreciated later. The many...
Information Food Chains

Information Food Chains

An evening last week brought me back to some survival signposts one learns early in a Wall Street career. The occasion was a mixer hosted by a mid-tier investment banking firm within a larger healthcare conference in San Francisco. Most attendees were public or...
Congress and ‘Smart Money’

Congress and ‘Smart Money’

A New Yorker article cited studies that got me interested. Three hundred members of Congress had reportedly outperformed benchmark indices by approximately 6% per year across 16,000 trades from 1985 through 2001, and US Senators had outperformed by 10% annually from...
Behavioral Finance Annals

Behavioral Finance Annals

I am often told that various of our experiments produced results confirming the obvious. Such comments do not come from people who work in quantitative finance. Finding patterns that don’t exist is something we ‘quants’ also do if not careful. The key is to constantly...
Global Key Origin Story

Global Key Origin Story

The best investors bring an informed approach with a sprinkling of street savvy. No one entrusted with the world’s largest asset allocation decisions relies solely on quantitative analysis. Numbers matter, but so does human judgment. The key lies in finding a balance....