Big Bank Profits Can Spell Big Risks Ahead
Return on equity measures bank risk in a way that’s simpler and more robust than complex regulatory models.
Big Bank Profits Can Spell Big Risks AheadHow to get big returns from a small-company portfolio
Sorting stocks based on quality and not just size delivers a consistent premium.
Had investors continued to control for quality, the “golden age” of US small-cap investing that characterized the 1960s and 70s would have continued.
Clifford S. Asness, Andrea Frazzini, Tobias J. Moskowitz, and Lasse H. Pedersen, “Size Matters, If You Control Your Junk,” Fama-Miller working paper, February 2015.
Return on equity measures bank risk in a way that’s simpler and more robust than complex regulatory models.
Big Bank Profits Can Spell Big Risks AheadRising rates have exposed landlords’ significant interest-rate risk.
Why South Korea’s Housing Market Is So VulnerableCredit markets need intermediaries, but there are too many in the system now.
Too Many ‘Shadow Banks’ Can Limit Overall Access to CreditYour Privacy
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