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What’s Happening Now
From centennial coverage to the latest in Gabelli School news, consider this your resource in everything that’s happening in the next 100.
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Merger Arbitrage: An Investment Strategy that Banks on Success
Days before Elon Musk was set to purchase Twitter for $44 billion, he terminated the deal. Musk’s decision to back out—rumored to be due to the number of spam accounts on the social media platform—could be a breach of contract, …
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Investing In the Future: The Role of Business in the Fight Against Climate Change
Since the Industrial Revolution, the economy has depended on industries that produce high amounts of carbon emissions. Now, scientists warn that we have just 30 years to reduce emissions to net zero to avoid the catastrophic effects of climate change. …
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The Real Deal: Securities Fraud & Regulation
When the health technology company Theranos announced the introduction of an automated blood-testing device that could run multiple tests at once and make testing more affordable and accessible to consumers, it amassed millions of dollars from investors, spiking the company’s …
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The Bond King: Bill Gross and his Influence on American Finance
After Bill Gross graduated from college in the late 1960s, he headed to Las Vegas where he gambled at the casinos. He later applied the lessons he learned counting cards to finance, becoming a renowned investor and fund manager who …
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How Lincoln’s Administration Financed the Civil War and Reformed America
During the Civil War, President Abraham Lincoln and Secretary of the Treasury Salmon Chase asked banks along the east coast for loans totaling $50 million in gold to support the war effort. They agreed, but one leading banker said that …
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What Makes the Perfect Investment Portfolio?
Investors looking to build their portfolios might look to today’s industry titans for answers but, in fact, the search for the “perfect portfolio” has been in question for centuries, dating back to Aristotle and his hand in ancient Greece’s olive …
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Exploring the History and Mystery of Brown Brothers Harriman
With roots dating back to the 1800s, Brown Brothers Harriman & Co. is the oldest and one of the largest private investment banks in the United States. Its influence on the early American economy helped navigate the country through financial …
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Researcher Examines Real Interest Rates Over Seven Centuries
Investors in the Italian Renaissance could have predicted today’s low interest rates, according to Paul Schmelzing, Ph.D., who dove deeply into American and European economic archives to research real interest rate dynamics. He reconstructed a global timeline that covered 82% …
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How a 1982 Forecast Sparked a Global Bull Market
Today’s interest rates can be as low as 3%, but in the 1970s, Americans were paying 17% just to borrow money. In 1982, Henry Kaufman, then managing director of Salomon Brothers Inc., issued a memorandum predicting that interest rates would …
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In Conversation with Peter Cohen and Bob Pisani
As former chair and CEO of investment banks Cowen Inc. and Shearson Lehman, Peter Cohen’s career spans five decades in which he saw technology change the financial landscape through digitization, contracted the merger that resulted in the powerhouse Shearson Lehman …
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