For nearly fifteen years I’ve been writing so-called “white papers” on a variety of investment topics. I also periodically write articles for publication in investment journals. The most popular of those articles and white papers have been collected on the Greycourt website. Listed below are some of the popular papers, with brief descriptions of each topic.
White Papers – Greycourt independent investment advisory firm
- Greycourt White Paper No. 70: Apples & Oranges
“Apples & Oranges” explores valuation differences between US stocks (S&P 500) and developed non-US stocks (EAFE) to see if the latter is as cheap as it first appears. Download the white paper here »
- Greycourt White Paper No. 69: Is the Glass Half Full?
Markets trade in cycles and, as most of you know, it is presently our view is that we are entering a challenging environment for risk assets. With that said, we also believe that there is reason for long-term optimism. As has happened many times in the past, transformative technologies will soon alter the way we...
- Greycourt White Paper No. 68: What Does Cost of Capital Mean?
The concept of “cost of capital” is not just something financial analysts pay attention to. We also think it is useful and relevant for families to consider as they design and deploy their portfolios. Our White Paper No. 68 discusses what cost of capital means in a family investment context and how it affects strategic...
- Greycourt White Paper No. 67: The Current Case for Equity Long/Short Hedge Funds
Our clients—like many investors—perceive that equity long/short hedge funds have, on average, not done a very good job of either hedging market risk or beating broad passive equity indices following the end of the Great Financial Crisis and the beginning of the subsequent bull market. Those perceptions are correct and spur a question that we...
- Greycourt White Paper No. 65: Investment Implications of a Biden Win
President Biden’s proposed tax changes for corporations and wealthy individuals when he was a candidate are nearly identical to those recently proposed by his administration. This white paper (written when President Biden was still a candidate) examines how proposed tax policy changes might impact portfolio design and spending decisions. Download the white paper here »