This article is excerpted from the forthcoming book Wrong Number (Wiley, May 12, 2026) In 1974, an economist at the University of... Read More
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The most ironic news out of this week's Milken conference didn't come from a hedge fund manager or an investment bank. It came from the... Read More
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The most ironic news out of this week's Milken conference didn't come from a hedge fund manager or an investment bank. It came from the SEC. On May 4, at the Milken Institute Global Conference in Los Angeles, SEC Chairman Paul Atkins confirmed from the podium that the Commission is actively investigating allegations of fraud in the private credit space. He named no firms. He offered the oblig... Read More
Whenever market volatility surges, a flood of articles and ads touting investments offering “safety” and “stability” usually follows. This time, in the wake of March’s slide, there was a lot of chatter about low-volatility ETFs and other gimmicky, complex tools. But something more traditional also gained fanfare: high-dividend stocks. For weeks, we have seen a steady ... Read More