In the News
December 6, 2024 — Victor Haghani started his career at Salomon Brothers and shortly after became a managing director in the bond arbitrage group run by John Meriwether. He was a founding partner of Long-Term Capital Management and established its London office. The failure of LTCM was a life-changing experience that led him to question and revise much of the way he thought about the economy, markets, and investing. His new book - The Missing Billionaires is a personal
Featured Insights
December 5, 2024 — We generally try to stay in our lane here and focus mostly on the merits of low-cost investing and diversification. However, sometimes the market serves up something so fascinating that we can't help but sharpen our pencils.
Risk and Return
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
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October 23, 2024 — Victor was very pleased to attend the recent Bogleheads annual conference in Minneapolis and do a Q&A session with Morningstar's Christine Benz.
Featured Insights
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
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Elm Original Research
Victor Haghani & James White — 2018
Elm Original Research
Victor Haghani & Richard Dewey — 2016
Elm Original Research
Victor Haghani & Samantha McBride — 2016
Clifford Asness, Antti Ilmanen & Thomas Maloney — 2015