Charlie Munger, pictured here, noted: “If you pushed indexation to the very logical extreme you would get preposterous results.” Getty Images I have argued that “passive investing” is an oxymoron ...

A key topic of Chang Jing's second lecture in Peking University's Fall 2020 Value Investing Course is the DCF (discounted cash flow) model and its shortcomings. Related to the discussion of DCF is the ...

A developmental biologist whose life's work has supported the theory of evolution has developed a concept that dramatically alters one of its basic assumptions -- that survival is based on a change's ...

No matter where we look, the same rules apply everywhere in space: countless calculations of astrophysics are based on this basic principle. A recent study, however, has thrown this principle into ...

Michael Hammer renowned for his book on Reengineering the Corporation, advised, “Zero in on the assumption that interferes with achieving a strategic goal, and then figure out how to get rid of it.” ...

One of the most well-accepted physical theories makes no logical sense. Quantum mechanics, the theory that governs the smallest possible spaces, forces our human brains to accept some really wacky, ...

IMGCAP(1)]All too often in the practice of accounting we are predominately attentive to adhering to the concepts and conventions promulgated by the “accounting gods.” We rightfully are preoccupied ...

Second of two parts. (Read Part 1: "Stress-Testing Our Security Assumptions in a World of New & Novel Risks.") Achieving security in a future of "unseen until it's too late" threats forces us to look ...