Investing
A Yale Economist Read 50 Personal Finance Books. He’s Got Some Notes.
Personal finance gurus frequently depart from conventional economic wisdom, Yale SOM’s James Choi discovered, but their advice isn’t all bad.

Does Automatic Enrollment into Retirement Plans Hurt Household Finances?
When companies automatically enroll employees in retirement plans, the employees save more money for their later years. But the extra savings may exact a pre-retirement toll on their finances.
Three Questions: Prof. James Choi on the Future of the 401(k)
We asked Yale SOM’s James Choi how a proposed change to the way 401(k) plans are taxed might alter the way people save for retirement.
Study Shows Bias Against Investment Recommendations from Women
Women in the investment profession face a double standard even when objective information on their performance is available and their evaluators are incentivized to not discriminate, according to a new study by researchers at the Yale School of Management and the Columbia Business School.
How Does Private Equity Create Value?
With bargains hard to find, says Adam Blumenthal ’89, private equity must return to its roots, as a tool for value creation for a range of stakeholders.
What are the Returns from Women Investing in Women?
Patricia Lizarraga of Hypatia Capital Group explains how the firm succeeds by investing in women.
How Do You Spot a Financial Bubble?
Are we in a financial bubble? Vikram Mansharamani YC ’96 offers a framework for spotting a bubble before it bursts.
In Long Run, There’s No Such Thing as an Einstein Investor
In a New York Times commentary, Yale SOM's Robert Shiller says that investors can’t consistently beat the market by copying the strategy of a lone genius.
Why Aren’t Women Saving Enough for Retirement?
TIAA’s chief income strategist says while the retirement system appears to be gender neutral, it is putting women at a disadvantage.
Should You Invest in Uncertain Environments?
A focus on fundamentals can reveal opportunities in the Middle East, despite conflict, political upheaval, and economic uncertainty.
What Happens When the Same Investors Own Everything?
Diversification means that in many industries, companies are owned by an overlapping set of investors, reducing their incentive to compete.