The other day I was discussing common anomalies like the Size, Market/Book, and Accurals effects with my investments class. The key point I was trying to make is that these proxies must be capturing some underlying risk factor (for example, the Mkt/Book effect is often explained by linking it to di ... Read more

This very un-PC story made my day: An octagenerian retired Special Forces member was put on trial by his peers for shooting an intruder in his home who'd threatened him with a knife. Unfortunately he used a 22 caliber handgun, so he was charged with "failing to use a weapon of sufficient caliber ... Read more

It was the 2nd day of classes today, and the first case of the semester in my advanced corporate (case) class. It probably went as well as any class I remember teaching. I intentionally chose a lighter case - some number crunching, but more descriptive/intuitive than computational. But it made fo ... Read more

It was the 2nd day of classes today, and the first case of the semester in my advanced corporate (case) class. It probably went as well as any class I remember teaching. By design, it wasn't a tough case - more descriptive/intuitive than computational. But it made for a good warmup and tone-setter f ... Read more

Since CFA Level 1 scores just came out, a good number of people who passed L! are now beginning to stress about whether they can pass Level 2 with less than 20 weeks of study time. without a doubt, it'll be tough. But there are some things you can do to maximize your chances. One of the best reso ... Read more

A few years back I read a study on board practices. It said that the typical director averaged less than three hours a week on board-related duties. This cartoon by Scott Adams of Dilbert fame pretty much nails it. Since I'm teaching Corporate Finance this spring, I'm sure this will make it ... Read more

Matthew Henry Hall's latest: HT: Inside Higher Ed . ... Read more

You might be a redneck if you've ever gone ditch surfing I never saw this when I lived down South, but it looks like fun. HT: Neal Boortz. ... Read more

The Unknown Household just got some disturbing news. As I just wrote, Unknown Son has had some stomach issues lately. We thought it was just severe constipation, but we has an additional scan done today just to be sure. The ultrasound revealed a mass of approximately 2 inches in length near his ri ... Read more

Unknown Son has had a tough month. In Mid December, he had pneumonia. The antibiotics took care of that, but he's continued to have intermittent stomach cramps - usually about an hour after eating. We finally took him to to pediatrician, and the CAT scan showed that he's seriously constipated. Wit ... Read more