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The School Bell Rings: Time for Class!

Musings on Markets

The six classes that I prepped for in those two years ranged from banking to investments to corporate finance, and while I have never worked harder, much of what I teach today came out of those classes. In 1984, I moved on to the University of California at Berkeley, as a visiting lecturer, teaching anything that needed to be taught.

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A Return to Teaching: The Spring 2023 Edition

Musings on Markets

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. The class starts with a question of what the end game should be for a business (profitability, value, social good?),

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The Factors that Matter for Growth in Institutional Ownership

Reynolds Holding

The overall impact of corporate aggregate distributions depends on the magnitude of such distributions and their covariation with institutional-level flows. These results suggest that the market is more robust than the conventional narrative would suggest, and that the Big Three are not quite “eating the world.”