Musings on Markets

JANUARY 11, 2024

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.

Corporate Finance 131

Corporate Finance Finance Start-ups Dividends 131

Reynolds Holding

JUNE 16, 2024

The overall impact of corporate aggregate distributions depends on the magnitude of such distributions and their covariation with institutional-level flows. Our article formalizes these insights, showing how fund fees, capital gains returns, dividend and capital gains distributions, and balance sheet effects shape institutional growth.

Dividends 59

Dividends Covariance Equity Finance 59

Musings on Markets

DECEMBER 21, 2022

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?),

Corporate Finance 91

Corporate Finance Finance Start-ups Marketability 91