Professional Articles on Finance, Economics and Business

The Uncomfortable Truth About Risk: What Finance Teaches, What It Knows, and What It Refuses to Admit

A comprehensive examination of risk measurement in finance — from foundations to consequences

The Federal Budget: What 50 Years of Data Actually Shows

Looking at the numbers tells a different story than most people assume

Fed Funds and the 10-Year U.S. Treasury: A Paradox of Correlation

Why "the Fed raised rates" describes something considerably more complicated than it sounds

The Illusion of Precision: Borrowed Assumptions in Community Bank Credit Risk Management

What board risk committees need to ask — and why the numbers rarely tell the whole story

Is There Trouble Brewing in the Private Credit Markets?

When JPMorgan talks about risk, it pays to listen

When the Headlines Get It Wrong: What CRE Investors Actually Need to Watch

Most CRE investors watch the wrong variable

AI Should Be More than Just a Black Box

The danger is not AI itself — the danger is letting it replace your judgment

The Gaussian Curve

One of the ways randomness organizes itself in the world

The Bell Curve in Finance: Useful, Wrong, and Hard to Replace

Why a model that often fails remains central to modern finance

How a Non-Mathematician Came to Understand Black-Scholes

A personal journey through one of the most extraordinary achievements in finance

As Unbelievable As It First Appeared

Analysis of Silicon Valley Bank's failure

Asking Our Children

A reflection on fiscal responsibility

Cap Rates and Growth - What the Heck is Going On?

Real estate valuation fundamentals

Understanding Cap Rates

Guest post for Thesis Driven

Being CFO at a VC-Backed Startup - Part 1

Early learnings and growth imperatives

Being CFO at a VC-Backed Startup - Part 2

Building the finance function

Being CFO at a VC-Backed Startup - Part 3

The hard part: metrics and value creation

The Cost of Equity Capital

Paradox, Enigma or Student Nightmare

The Debt We Refuse to Face

America's fiscal crisis

Demystifying the Federal Reserve: Structure, Tools, and Limits

How the Federal Reserve actually works — from its origins to modern monetary policy

A comprehensive look at the structure and operations of the Federal Reserve Bank

When Finance Theory Meets Leaking Roofs

The gap between theory and reality

Cap Rates and Growth: Looking for Better Intuition

A follow-up on growth, reinvestment, and value in stabilized real estate

The Perils of Relying Solely on IRR

Understanding IRR limitations

REITs and the Economics of Real Estate

What public REITs reveal about investing

Managing Stock Option Grants at a Startup

ISOs, NSOs, and AMT explained

Team Sports, the Military and Work

Lessons in collaboration and excellence

Ten Fundamental Concepts in Corporate Finance

Essential principles that underpin modern corporate finance

Why Euler's Number Keeps Showing Up in Finance

Understanding the mathematical constant at the heart of continuous compounding

The Walmart Effect

How We Hollowed Out the American Heartland