investing

Meme Stocks, Social Investing, and the Future of Market Stability

Two individuals are wearing headphones and conversing in a podcast setting. The image includes text: "Future of Finance" and "New Phenomena in Behavioral and Social Investing," with the Wharton logo visible. The GameStop saga took the world by storm in 2021, turning Reddit’s “Wall Street Bets” into an unlikely player in the financial markets. But was this a one-time anomaly or the beginning of a new era in investing? In an episode of the Future of Finance podcast, Professor Itay Goldstein…Read More

Understanding Common Risk Factors Between Stocks, Bonds, and Options

A man smiling in a sunlit room with windows in the background. How do common risk factors connect stocks, bonds, and options? In their recent study, which won the Jacobs Levy Center Research Paper Prize for Best Paper, Professor Nikolai Roussanov and his coauthors uncover the shared sources of variation driving returns across these asset classes. Their findings reveal how shared exposures…Read More

From Algorithms to Alpha: Balancing Technology and Human Expertise

Title graphic with the text, "From Algorithms to Alpha: Balancing Technology and Human Expertise by Sarah Hammer" Below is an installment of the series, "From Algorithms to Innovation: AI Redefines the Frontiers of Global Finance" by Sarah Hammer, executive director at the Wharton School. This forward-looking series explores the unique capabilities and unprecedented challenges of generative AI across the financial landscape. In this installment, Sarah Hammer dives…Read More