How Alpha Hides in GAAP Accounting: Return on Equity
CFA Institute
MARCH 5, 2021
You can find significant alpha in the mechanics that drive GAAP accounting.
GAAP Investments Performance Measuring 
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Refreshing Revenue, the Cash Conversion Cycle, and Free Cash Flow
CFA Institute
APRIL 5, 2021
GAAP sometimes misrepresents business reality. We can use that fact to generate some alpha.
Counting the Cost of Capital and Seeding Network-Based Accounting
CFA Institute
JUNE 2, 2021
Cost of capital is a tenuous concept. Charlie Munger amusingly calls it a “perfectly amazing mental malfunction.”.
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