Stock dividends are a fundamental part of finance, and yet research suggests that many investors—retail and professional—don't understand them. Chicago Booth’s Samuel Hartzmark explains that by thinking of dividends as free money, many market participants are making portfolio decisions they wouldn't otherwise make.
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Why did prices for US Treasurys drop along with stock prices in the spring of 2020?
How Financial Regulation Fed a Treasury Bond Crisis
Banks have an incentive to issue risky loans, even amid signs of economic trouble.
How Rational Bank Behavior Can Lead to Risky Lending
Chicago Booth’s Eugene F. Fama revisits an influential finding of factor investing.
The Value-Stock Premium Is ShrinkingYour Privacy
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