Commonlisp

When it comes down to it, finance is about risk and return. One of the purest measures of risk is max drawdown. This is pretty much the worst-case scenario: one bought at a peak (not necessarily the absolute peak) and a trough (not necessarily the absolute trough) such that the drawdown is maximum, i.e., you have maximum loss. I was curious, if one takes a look at the S&P 500 components... read more

With homebuilders slowly, slowly on the mend, I was curious just what the satellite beneficiaries of any lasting recovery in homebuilding are. There are the obvious ones such as appliance makers (Whirlpool, etc.) and home improvement stores (Lowes and Home Depot). It was a shot in the dark but I wanted to see if there was anyone in transportation that was... read more

Universities are interesting creatures financially speaking. They are relevant because they often float general obligation and revenue bonds to finance themselves. These bonds are typically tax exempt and are part of the greater municipal bond universe. As an asset, they are infrequently traded. As a business, they derive a considerable amount of revenues from their... read more