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  • Check out Nishant Malhotra's debut book, Global Development Impact - a compelling read focused on sustainable investing and social finance - Amazon, Flipkart and many more

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  • Check out Nishant Malhotra's debut book, Global Development Impact - a compelling read focused on sustainable investing and social finance - Amazon, Flipkart and many more

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  • Check out Nishant Malhotra's debut book, Global Development Impact - a compelling read focused on sustainable investing and social finance - Amazon, Flipkart and many more

Online Learning/Instructional

Essential Concepts in Investment Management – A Holistic Perspective

This read shares a holistic perspective on some of the concepts within investment management and complements the online course on Essentials of Investment Management posted on The Middle Road. Essentials of Investment Management is an excellent well rounded online course on understanding various concepts within portfolio management and investment management parlance keeping the capital asset pricing model (CAPM) framework in

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Understanding Interest Coverage

Interest Coverage also known as Times Interest Earned (TIE) Ratio is an excellent metric to evaluate a company’s ability to service its debt obligations from operating income. It is most insightful when analyzing companies with high debt to equity ratios. Debt levels vary substantially across industries – capital-intensive sectors like construction, infrastructure, and renewables tend to sustain higher debt to

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What are Options?

Options are covered under the online course on Impact Bonds. First published as part of Impact Bonds online course, this note shares a brief overview of the global options market. Options are derivative instruments. Derivatives are financial instruments whose value is based on an underlying asset. This asset could be a tradeable asset like listed shares of a company or

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Introduction to Bootstrapping

Bootstrapping: Calculation of theoretical spot rate curve from a par yield curve     This educational publication is the special valuation series on fixed income securities. Its mandatory to read the Understanding Term Structure of Interest Rates posted under Insights here before reading Bootstrapping: Calculation of theoretical spot rate curve from a par yield curve. 

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It’s a Kiva

                     In 2021 KIVA disbursed $613,699 each day, $25,571 every hour or $426 per minute across 65 countries Kiva is one of the most pioneering nonprofits in recent times. Founded by two Stanford alums, Jessica Jackley Flannery & Matt Flannery, the nonprofit is the world’s first online peer-to-peer microfinance marketplace. Kiva

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Understanding Term Structure of Interest Rates

Designed as a thought leader in understanding the term structure of interest rates, this publication is an excellent educative read for insightful academic knowledge about factors impacting the term structure of interest rates. Structured to enhance the pedagogy of fixed income valuation course on The middle Road, Term Structure of Interest Rates shares a formative understanding on this subject. First

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Capital Ideas for Efficient Markets

“A market where there are large number of rational, profit maximisers actively competing, with each other trying to predict future market values of individuals securities and where important current information is almost available to all participants” Eugene Fama on Efficient Markets The theory of random walk led to the efficient market hypothesis. Eugene Fama, the father of modern mathematical finance,

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Understanding Macroeconomic Stability

  Originally posted as part of the Stabilization Macroeconomics series, the academic focussed publication sets the tone for the upcoming Macroeconomic Online Course on Stabilization. The series focuses more on the role of the Central Banks in driving monetary, fiscal, and macroeconomic policies of the government. The course begins with a look at Central Banks as enablers, its monetary focus on

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Wildlife Conservation Bond Saving Rhinos For Tomorrow

The World Bank came out with a $150 million Wildlife Conservation Bond (WCB), the first of its kind globally. an impact-focused Sustainable Development Bond to protect black rhinos in South Africa and support local communities. This intense publication discusses the Wildlife Conservation Bond issued by the World Bank. An in-depth analysis of the bond discusses various facets of the new financial innovative

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Gross Domestic Product (GDP)

Understanding Gross Domestic Product (GDP) is fundamental to understanding macroeconomic enablers for sustainable growth. GDP is a universal term, yet people do not entirely understand its significance. Awareness of macroeconomics drives a nuanced meaning of the bigger picture. How will you understand the effect of different policies if you do not understand the economics behind the economy? Healthcare: To understand

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