We incorporate skewness and kurtosis into an optimization process for a unique student-managed fund. Unlike the vast majority of such funds, which hold only equity, our fund includes REITs, cryptocurrency, and peer-to-peer loans. Adding these unusual asset classes allows our students to explore...

Repurchase agreements are critical financing tools that lubricate the financial system. They have been complicit in financial crises, yet they may hold the key to post-recession “normalization.” Despite their importance in practice, they are all but ignored in the traditional undergraduate...

Undergraduate investments and portfolio management courses have traditionally prescribed the optimal choices for rational economic man—a creature who does not exist. Real portfolio choices, especially those by retail investors, are made by “normal” people, and normal people exhibit...