"How should you approach your investments? How should you think about them? Those are the types of questions Chris Mayer tackles in his newest book, How Do You Know: A Guide to Clear Thinking About Wall Street, Investing, & Life. Through a series of provocative-and often amusing-examples, Chris...

This book teaches concepts that are not well-appreciated or understood among lay investors--but are well known and appreciated among Wall Street insiders, dealmakers and certain enthusiasts. These ideas stand the test of time, reliably producing profits decade after decade. The greatest...

Invaluable insights into finding diverse investment opportunities in the emergent global economyFrom Brazilian farmlands to Colombian gold fields, from Chinese shopping malls to Indian hotels, from South African wine country to the boom/bust souks of Dubai, this around-the-world investing field...

This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers and costly default. We show that the prepayment penalties are welfare improving, and that they are more beneficial to borrowers with higher risk of default. The empirical evidence...

This paper provides a theoretical analysis of the efficiency of prepayment penalties in a dynamic competitive lending model with risky borrowers and costly default. When considering improvements in the borrower's creditworthiness as one of the reasons for refinancing mortgages, we show that...

We explore the types of data used to characterize risky subprime lending and consider the geographic dispersion of subprime lending. First, we describe the strengths and weaknesses of three different datasets on subprime mortgages using information from LoanPerformance, HUD, and HMDA. These...