A key topic of Chang Jing's second lecture in Peking University's Fall 2020 Value Investing Course is the DCF (discounted cash flow) model and its shortcomings. Related to the discussion of DCF is the ...

Charlie Munger, pictured here, noted: “If you pushed indexation to the very logical extreme you would get preposterous results.” Getty Images I have argued that “passive investing” is an oxymoron ...

One of the most well-accepted physical theories makes no logical sense. Quantum mechanics, the theory that governs the smallest possible spaces, forces our human brains to accept some really wacky, ...

The result would be an agenda that responded better to the continued anxiety that a growing number of policymakers—and populations—are feeling. (Reuters) Imagine a world in which the annual meetings ...