Larry Swedroe

Direct Lenders: The New Relationship Bankers of Private Equity

Understanding the rise of private credit and what it means for investors

Understanding Valuation Discipline in Private Credit

What Investors Need to Know

Returns of the 10 Largest Real Asset Funds YTD Sept 2025

Returns of the 10 Largest Private Equity Funds YTD Sept 2025

Returns of the 10 Largest Private Credit Funds YTD Through Sept 2025

Is Trend Following Better than “Buy the Dip”?

The strategy seems intuitive: when markets fall, buy at a discount and wait for the inevitable rebound.

How You Can Capitalize on Long-Term Growth That the Market Misses

Long-term growth expectations form the backbone of virtually every investment decision and corporate valuation model.

Navigating Tax-Aware Investing: A Comprehensive Guide to Strategy Selection and Implementation

As tax-aware investment strategies proliferate, sophisticated investors face an increasingly complex landscape.

The Quantum Computing Threat to Financial Systems and Cryptocurrencies

I’ve been getting lots of questions related to bitcoin, and cryptocurrencies in general, specifically focused on the risks that quantum computing poses.

Does Private Equity Really Beat Public Markets?

A Fresh Look at the Evidence

My 2025 Book List

I continue my tradition of publishing the list of books I read this year and my informal ratings.

Private Debt’s Q3 2025 Performance

The Results Tell a Different Story Than the Headlines

While the media has persistently warned about private credit

Remember direct lending is different than bank lending (Broadly Syndicated Loans)

The Financial Distress Puzzle

Why Riskier Stocks Don't Always Deliver Higher Returns

How Tax-Loss Harvesting Can Transform Concentrated Stock Positions

The Challenge Of Concentrated Stock Positions