Finance
Who Will Finance the AI Revolution?
Deployment of AI is accelerating exponentially, and the nascent industry requires unprecedented investment to grow. We spoke to two Yale College alums and leaders at Goldman Sachs about where the capital to support an AI transition is coming from.
Do Homebuyers’ Expectations Align with Reality?
People’s predictions of long-term home price growth were wildly optimistic in the early 2000s but have become more cautious since the Great Recession, according to a study co-authored by Robert Shiller of Yale SOM.
Inside the CDO Market That Catalyzed the Financial Crisis
“Inside the CDO Machine,” a special project from the Yale Program on Financial Stability, explores the first-hand perspectives of market participants.
Government Can Be the Solution
For investment banker Carol Samuels ’86, a key value is helping government make a difference in people’s lives, by applying financial tools and long-term thinking.
Private Equity Investors Helped Stabilize Failed Banks During the Financial Crisis
A new study co-authored by Prof. Song Ma finds that during the financial crisis, private equity firms took on banks in poor health that other buyers didn’t want, and those banks performed relatively well under their new management.
Navigating a New Now: Investing in ‘Tough Tech’
A venture fund led by Katie Rae ’97 was providing the patient capital required for breakthroughs on major societal problems like climate change and community health. Then COVID-19 complicated their day-to-day work—and gave their efforts greater urgency.
Requiring Short Seller Disclosure Could Distort Markets
A study by Yale SOM's Frank Zhang suggests that requiring disclosures of short positions would lead some investors to make decisions based on others’ short positions, rather than information about a firm; this “herding” could drive stock prices away from their true value.
Can Mergers and Acquisitions Reduce Employee Misconduct?
New research co-authored by Prof. Heather Tookes looks at whether employee misconduct in the highly regulated investment advisory industry goes down after a merger, potentially making the combined company more valuable.
Is Climate Risk More than Markets Can Handle?
Yale SOM finance professor Stefano Giglio lays out the unique complications of grappling with climate risk, and explains his own work on stock portfolios that hedge climate change.
How ‘Stablecoins’ Could Unleash Chaos
Dollar-pegged cryptocurrencies are rapidly proliferating. But without regulation, these so-called stablecoins pose serious risks to the U.S. financial system, argue Yale SOM’s Gary B. Gorton and his co-author.
Keeping Community in the Investment Equation
In this series, leaders tell stories about drawing on their core values in critical moments. For Lofton Holder ’90, grounding investing acumen in a connection to community builds trust and delivers returns.
