November 26, 2024 — By Victor Haghani and James White[note] This not is not an offer or solicitation to invest. Past returns are not indicative of future performance. We thank Aneet Chachra, Richard Dewey, Larry Hilibrand, Vladimir Ragulin and our Elm colleagues Jerry Bell and Steven Schneider for their comments and contributions to this note and the accompanying leveraged ETF tool.[/note] Estimated reading time: 6 min. Investors can now choose from about $100 billion in ETFs that provide leveraged

September 26, 2024 — By Victor Haghani, James White and Jerry Bell [note] Many people were instrumental in bringing this experiment and research article to life. Foremost are the contributions of our research associate James Cross, who helped design and single-handedly programmed the Crystal Ball game during the summer of 2023 while still an undergraduate at Princeton. We thank our long-time research collaborator Richard Dewey for his guidance in designing the study and interpreting the results. Jason Zweig of

February 27, 2024 — There’s been a lot of excitement about BOXX, a new ETF designed to give investors short-term returns with the tax character of long-term capital gains...but is there a catch?

February 16, 2024 — Getting the size of a trade wrong can turn even a good trade into a bad bet. That’s the subject of our new article published in this month’s Bloomberg magazine.