Bond Duration and Interest-Rate Risk: A Practical Guide for Portfolio Construction
Understand the relationship between yields and prices, duration, maturity, convexity, credit risk, ladders, and the role of bonds in a portfolio.
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Absolute Value Journal
Ten long-form guides to absolute return, valuation, downside risk, portfolio construction, fees, and asset structures. Every article is educational and source-linked—never a recommendation or performance claim.
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Research designed to be revisited
Use the category and tag archives to move between related frameworks without a search form or account.
REIT Investing: How to Evaluate Real Estate Income, Balance Sheets, and Property Risk
A value-oriented guide to REIT structure, property sectors, FFO, lease economics, leverage, capital spending, and public-market pricing.
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Closed-End Fund Discounts and Premiums: A Due-Diligence Guide for Value-Oriented Investors
Learn how net asset value, discounts, leverage, distributions, liquidity, and governance interact in closed-end funds.
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Investment Fees, Trading Costs, and Tax Friction: The Quiet Drag on Absolute Returns
A practical framework for comparing expense ratios, advisory fees, incentive fees, turnover, spreads, taxes, and complexity against expected value.
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Portfolio Diversification and Correlation: How to Find Risks That Actually Behave Differently
Move beyond asset labels by mapping economic drivers, regime behavior, hidden concentration, liquidity, and risk contribution.
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Downside Risk, Drawdown, and Recovery: A Better Way to Read Portfolio Losses
Understand peak-to-trough loss, recovery math, time under water, sequence risk, liquidity, and practical downside monitoring.
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Margin of Safety and Position Sizing: Turning Valuation Uncertainty into Portfolio Rules
A disciplined approach to valuation gaps, uncertainty, position size, thesis breakers, liquidity, and the difference between a bargain and a value trap.
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Intrinsic Value Investing: A Practical Framework for Estimating What an Asset May Be Worth
Learn how cash flows, discount rates, balance-sheet risk, scenarios, and reverse valuation can produce a useful range instead of false precision.
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How to Build an Investment Policy Statement and Rebalancing Rules You Can Follow
Turn investment goals into a practical policy with target ranges, decision rules, liquidity reserves, review dates, and rebalancing triggers.
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What Is Absolute Return Investing? A Practical Guide to Objectives, Benchmarks, and Trade-Offs
A plain-language framework for evaluating absolute-return objectives, sources of return, risk budgets, liquidity, and due-diligence questions.
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