Series
5 posts
A practical guide to how the Dow, S&P 500, Nasdaq Composite, KOSPI, and FT Wilshire 5000 are constructed—and how an index differs from a fund or futures contract.
A source-grounded guide to IPO registration, bookbuilding and allocations, private placements, broker-dealer capacity, and market, limit, and stop orders.
A practical guide to nominal and real returns, the exact Fisher relation, and how TIPS principal, coupons, maturity protection, taxes, and risks work.
Separate market exposure from firm-specific surprises with a one-factor return model, then see exactly when beta and residual risk add up to total variance.
Derive Macaulay and modified duration from a bond's cash flows, interpret the weights, and test the price-change estimate with a worked bond example.