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A short guide to non-standard returns

Mar 20

Most investors know what to expect when they buy a bond or certificate of deposit. But some private investments use other measures. They may not express returns as a set interest rate. And that can make it harder to compare investments.

Why not use...

How I think about impact

Mar 8

Capital markets are very efficient at resource allocation. Investors maximize risk-adjusted returns by investing in companies producing the most valuable products and services.

But there's an invisible cost.

Capitalism inherently prioritizes short...