{"id":295,"date":"2012-06-27T08:08:22","date_gmt":"2012-06-27T08:08:22","guid":{"rendered":"https:\/\/blog.iese.edu\/jestrada\/?page_id=295"},"modified":"2026-03-09T09:37:29","modified_gmt":"2026-03-09T08:37:29","slug":"research","status":"publish","type":"page","link":"https:\/\/blog.iese.edu\/jestrada\/research\/","title":{"rendered":"Research"},"content":{"rendered":"<p><span style=\"color: #0000ff\"><strong><span style=\"text-decoration: underline\"><br \/>\n<\/span><\/strong><strong><span style=\"text-decoration: underline\"> BOOKS<\/span><\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #0000ff\"><em><a style=\"color: #0000ff\" title=\"Finance in a Nutshell\" href=\"https:\/\/blog.iese.edu\/jestrada\/books\/finance-in-a-nutshell\/\">Finance in a Nutshell<\/a> &#8211; A No-Nonsense Companion to the Tools and Techniques of Finance<\/em>. FT &#8211; Prentice Hall, 2005.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><em><a style=\"color: #0000ff\" title=\"The FT Guide to Understanding Finance\" href=\"https:\/\/blog.iese.edu\/jestrada\/books\/the-ft-guide-to-understanding-finance\/\">The FT Guide to Understanding Finance<\/a>\u00a0&#8211; A No-Nonsense Companion to Financial Tools and Techniques<\/em>. FT &#8211; Prentice Hall, 2011.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><em><a style=\"color: #0000ff\" title=\"The Essential Financial Toolkit\" href=\"https:\/\/blog.iese.edu\/jestrada\/books\/the-essential-financial-toolkit\/\">The Essential Financial Toolkit<\/a> &#8211; Everything You Always Wanted To Know About Finance But Were Afraid To Ask<\/em>. Palgrave Macmillan, 2011.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong><span style=\"text-decoration: underline\">ARTICLES<\/span> (Refereed Journals)<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/N-OSL.pdf\">A Note on the Optimality of Strict Liability<\/a>.\u201d Economics Letters, 41 (1993), 187-191.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/IT-RDT.pdf\">Insider Trading: Regulation, Deregulation, and Taxation<\/a>.\u201d Swiss Review of Business Law, 5\/94 (1994), 209-218.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/IT-RA.pdf\">Insider Trading: Regulation, Securities Markets, and Welfare Under Risk Aversion<\/a>.\u201d Quarterly Review of Economics and Finance, 35 (1995), 421-449. (Reprinted in Essays in Law and Economics II. Financial Markets and Insurance, edited by D. Heremans and H. Cousy, 1996, Maklu.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/TDR.pdf\">The Temporal Dimension of Risk<\/a>.\u201d Quarterly Review of Economics and Finance, 40 (Summer 2000), 189-204.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/CoE-EMs.pdf\">The Cost of Equity in Emerging Markets: A Downside Risk Approach<\/a>.\u201d Emerging Markets Quarterly, Fall (2000), 19-30.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/EDSR-EUR.pdf\">Empirical Distributions of Stock Returns: European Securities Markets, 1990-95<\/a>.\u201d European Journal of Finance, 7 (2001), 1-21. (With Felipe Aparicio.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/CoE-EMs-2.pdf\">The Cost of Equity in Emerging Markets: A Downside Risk Approach (II)<\/a>.\u201d Emerging Markets Quarterly, Spring (2001), 63-72.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/ITR-EUR.pdf\">Empirical Evidence on the Impact of European Insider Trading Regulations<\/a>.\u201d Studies in Economics and Finance, Spring (2002), 12-34. (With Ignacio Pe\u00f1a.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/VEM-Intro.pdf\">Introduction to &#8216;Valuation in Emerging Markets<\/a>.&#8217;\u201d Emerging Markets Review, 4 (2002), 310-324. (With Robert Bruner, Robert Conroy, Mark Kritzman, and Wei Li.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/RiskEMs-DCAPM.pdf\">Systematic Risk in Emerging Markets: The D-CAPM<\/a>.\u201d Emerging Markets Review, 4 (2002), 365-379.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/MSB-Note.pdf\">Mean-Semivariance Behavior: A Note<\/a>.\u201d Finance Letters, 1 (2003), 9-14.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/CoE-IStocks.pdf\">The Cost of Equity of Internet Stocks: A Downside Risk Approach<\/a>.\u201d European Journal of Finance, 10 (2004), 239-254.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/PERG-Note.pdf\">Adjusting P\/E Ratios by Growth and Risk: A Note<\/a>.\u201d Finance Letters, 2 (2004), 4-10.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/MSB.pdf\">Mean-Semivariance Behavior: An Alternative Behavioral Model<\/a>.\u201d Journal of Emerging Market Finance, 3 (2004), 231-248.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/RREM-FM.pdf\">Risk and Return in Emerging Markets: Family Matters<\/a>.\u201d Journal of Multinational Financial Management, 15 (2005), 257-272. (With Ana Paula Serra.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/CvI-Europe.pdf\">Countries versus Industries in Europe: A Normative Portfolio Approach<\/a>.\u201d Journal of Asset Management, 6 (2005), 85-103. (With Mark Kritzman, Simon Myrgren, and Sebastien Page.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/PERG.pdf\">Adjusting P\/E Ratios by Growth and Risk: The PERG Ratio<\/a>.\u201d International Journal of Managerial Finance, 1 (2005), 187-203.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/DRP-JACF.pdf\">Downside Risk in Practice<\/a>.\u201d Journal of Applied Corporate Finance, 18 (2006), 117-125.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/FedModel-Note.pdf\">The Fed Model: A Note<\/a>.\u201d Finance Research Letters, 3 (2006), 14-22.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/CvI-EMs.pdf\">Countries versus Industries in Emerging Markets: A Normative Portfolio Approach<\/a>.\u201d Journal of Investing, Winter (2006), 2-11. (With Mark Kritzman and Sebastien Page.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/MSB2.pdf\">Mean-Semivariance Behavior: Downside Risk and Capital Asset Pricing<\/a>.\u201d International Review of Economics and Finance, 16 (2007), 169-185.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/DRinEMs.pdf\">Discount Rates in Emerging Markets: Four Models and an Application<\/a>.\u201d Journal of Applied Corporate Finance, 19 (2007), 72-77.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/I21C.pdf\">Investing in the 21st Century: With Occam\u2019s Razor and Bogle\u2019s Wit<\/a>.\u201d Corporate Finance Review, May\/June (2007), 5-14.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/FIID.pdf\">Fundamental Indexation and International Diversification<\/a>.\u201d Journal of Portfolio Management, Spring (2008), 93-109.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/BlackSwans.pdf\">Black Swans and Market Timing: How Not To Generate Alpha<\/a>.\u201d Journal of Investing, Fall (2008), 20-34.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/MSO.pdf\">Mean-Semivariance Optimization: A Heuristic Approach<\/a>.\u201d Journal of Applied Finance, 18, 1 (2008), 57-72.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/InvEMs.pdf\">Investing in Emerging Markets: A Black Swan Perspective<\/a>.\u201d Corporate Finance Review, January\/February (2009), 14-21.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/FedModel-BWU.pdf\">The Fed Model: The Bad, the Worse, and the Ugly<\/a>.\u201d Quarterly Review of Economics and Finance, 49 (2009), 214-238.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/BSEMs.pdf\">Black Swans in Emerging Markets<\/a>.\u201d Journal of Investing, Summer (2009), 50-56.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/BSMTDow.pdf\">Black Swans, Market Timing, and the Dow<\/a>.\u201d Applied Economics Letters, 16 (2009) 1117\u20131121.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/GLS.pdf\">The Gain-Loss Spread: A New and Intuitive Measure of Risk<\/a>.\u201d Journal of Applied Corporate Finance, Fall (2009), 104-114.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/GMM.pdf\">Geometric Mean Maximization: An Overlooked Portfolio Approach?<\/a>\u201d Journal of Investing, Winter (2010), 134-147. (For an extended version of this article, click <a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/GMM-Extended.pdf\">here<\/a>.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/3FM-PG.pdf\">The Three-Factor Model: A Practitioner&#8217;s Guide<\/a>\u201d Journal of Applied Corporate Finance, Spring (2011), 77-84.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/BlackSwans-Beta.pdf\">Black Swans, Beta, Risk, and Return<\/a>.\u201d Journal of Applied Finance, \u00a022, 2 (2012), 77-89. (With Mar\u00eda Vargas.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/BbG.pdf\">Blinded by Growth<\/a>.\u201d Journal of Applied Corporate Finance, Summer (2012), 19-25.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2013\/07\/SRTvLTR.pdf\">Are Stocks Riskier than Bonds? Not If You Assess Risk Like Warren Buffett<\/a>.\u201d Journal of Asset Management, 14 (2013), 73-78.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2013\/07\/GMM-2.pdf\">Geometric Mean Maximization: Expected, Observed, and Simulated Performance<\/a>.\u201d Journal of Investing, 22 (2013), 106-119. (With Rafael De Santiago.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2013\/07\/ERPFM.pdf\">The Enhanced Risk Premium Factor Model and Expected Returns<\/a>.\u201d Journal of Investment Strategies, 2 (2013), 3-21.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2013\/09\/SBRHP.pdf\">Stocks, Bonds, Risk, and the Holding Period: An International Perspective<\/a>.\u201d Journal of Wealth Management, Fall (2013), 25-44.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2013\/09\/EI4Is1.pdf\">Essential Ideas for Investors: Do Not Part With Your Money Without Them!<\/a>.\u201d Corporate Finance Review, July\/August (2013), 18-26.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2014\/03\/QI-RM.pdf\">Quantitative Investment and Risk Management: Where Does It Go From Here?<\/a>&#8221; Journal of Applied Finance, 23, 2 (2013), 23-35. (With Andrew Chin, Michael Edleson, and Kevin Sun.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2014\/05\/EI4Is-2.pdf\">Essential Ideas for Investors (II): Some Benchmark Portfolios<\/a>.&#8221; Corporate Finance Review, May\/June (2014), 5-11.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2014\/08\/Glidepath.pdf\">The Glidepath Illusion: An International Perspective<\/a>.&#8221; Journal of Portfolio Management, Summer\u00a0(2014), 52-64.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2014\/09\/RethinkingRisk.pdf\">Rethinking Risk<\/a>.&#8221; Journal of Asset Management, 15\u00a0(2014), 239-259.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2014\/10\/RethinkingRisk-2.pdf\">Rethinking Risk (II): The Size and Value Effects<\/a>.&#8221; Journal of Wealth Management, Winter (2014), 78-83.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2015\/11\/AFC-NFPM.pdf\">New Frontiers in Portfolio Management<\/a>.\u201d Journal of Applied Finance, 25, 1\u00a0(2015), 68-71. (With Rose Mary Cosio and Mark Kritzman.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2015\/10\/MFAA.pdf\">Multiples, Forecasting, and Asset Allocation<\/a>.\u201d Journal of Applied Corporate Finance, Summer\u00a0(2015), 144-151.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2016\/03\/GHAUS-AA.pdf\">GHAUS Asset Allocation<\/a>.\u201d Journal of Asset Management, 17, 1\u00a0(2016), 1-9.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2016\/03\/Buffett-AA.pdf\" rel=\"attachment wp-att-1032\">Buffett&#8217;s Asset Allocation Advice: Take It &#8230; With a Twist<\/a>.&#8221; Journal of Wealth Management, 18, 4\u00a0(2016), 59-64.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2016\/07\/Glidepath-2.pdf\">The Retirement Glidepath: An International Perspective<\/a>.\u201d Journal of Investing, 25, 2 (2016), 28-54.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2016\/11\/Alts-HHMW.pdf\">Alternatives: How? How Much? Why?<\/a>&#8221; Journal of Wealth Management, 19, 3 (2016), 49-61.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2017\/01\/Buffett-AA-Global.pdf\">Global Asset Allocation in Retirement: Buffett&#8217;s Advice and a Simple Twist<\/a>.&#8221; Journal of Retirement, 4, 2\u00a0(2016), 54-69.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2017\/03\/RefiningFR.pdf\">Refining the Failure Rate<\/a>.&#8221; Journal of Retirement, 4, 3 (2017), 63-76.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2018\/03\/ReplacingFR.pdf\">From Failure to Success: Replacing the Failure Rate<\/a>.&#8221; Journal of Wealth Management, 20, 4 (2018), 9-21.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2018\/03\/MaxWR.pdf\">Maximum Withdrawal Rates: An Empirical and Global Perspective<\/a>.&#8221; Journal of Retirement, 5, 3 (2018), 57-71.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2018\/02\/MaxWR-Short.pdf\">Maximum Withdrawal Rates: A Novel and Useful Tool<\/a>.&#8221; Journal of Applied Corporate Finance, 29, 4 (2018), 134-137.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2018\/05\/ReplacingFR-2.pdf\">Replacing the Failure Rate: A Downside Risk Perspective<\/a>.&#8221; Journal of Retirement, 5, 4 (2018), 46-56.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2019\/09\/TDOISR.pdf\">Toward Determining the Optimal Investment Strategy for Retirement<\/a>.&#8221; Journal of Retirement, 7, 1 (2019), 35-42. (With Mark Kritzman.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2019\/09\/BucketApproach.pdf\">The Bucket Approach for Retirement: A Suboptimal Behavioral Trick?<\/a>&#8221; Journal of Investing, 28, 5 (2019), 54-68.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2019\/10\/M2T.pdf\">Managing to Target: Dynamic Adjustments for Accumulation Strategies<\/a>.&#8221; Journal of Financial Planning, 32, 8 (2019), 46-53.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2020\/07\/M2T-2.pdf\">Managing to Target (II): Dynamic Adjustments for Retirement Strategies<\/a>.&#8221; Journal of Retirement, 7, 4 (2020), 28-38.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2020\/11\/RP-Z2A.pdf\">Retirement Planning: From Z to A<\/a>.&#8221; Journal of Retirement, 8, 2 (2020), 8-22.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2020\/11\/TDFGRA.pdf\">Target-Date Funds, Glidepaths, and Risk Aversion<\/a>.&#8221; Journal of Wealth Management, <span class=\"highwire-cite-metadata-volume highwire-cite-metadata\">23, <\/span><span class=\"highwire-cite-metadata-issue highwire-cite-metadata\">3 (2020), <\/span><span class=\"highwire-cite-metadata-pages highwire-cite-metadata\">50-60<\/span>.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2020\/11\/FTAA.pdf\">Factor Tilts and Asset Allocation<\/a>.&#8221; Journal of Investment Consulting, 20, 1 (2020), 30-39.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2021\/10\/SoRR.pdf\">Sequence Risk: Is It Really A Big Deal?<\/a>&#8221; Journal of Investing, 30, 6 (2021), 47-69.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2022\/02\/SGWS.pdf\">The Sustainability of (Global) Withdrawal Strategies<\/a>.&#8221; Journal of Financial Planning, 34, 11 (2021), 82-98.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2022\/04\/NHFNC.pdf\">No Hedge Funds, No Cry<\/a>.&#8221; Journal of Personal Finance, 21, 1 (2022), 51-61.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2022\/08\/034-048_Estrada_JWM.pdf\">The Gain-Pain Index: Asset Allocation for Individual (And Other?) Investors<\/a>.&#8221; Journal of Wealth Management, 25, 2 (2022), 34-48.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2023\/05\/PVGOESR.pdf\">PVGO and Expected Stock Returns<\/a>.&#8221; Journal of Applied Corporate Finance, 34, 4 (2023), 109-112.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2023\/06\/MultifactorFunds.pdf\">Multifactor Funds: An Early (Bearish) Assessment<\/a>.&#8221; Journal of Asset Management, 24, 4 (2023), 299-311.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2023\/07\/RP-DCR.pdf\">Retirement Planning: Is One Number Enough?<\/a>&#8221; Journal of Financial Planning, 36, 7 (2023), 64-81.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2024\/04\/054-065_JBIS-Javier-Estrada.pdf\">Multifactor Funds vs. Homemade Factor Diversification Strategies<\/a>.&#8221; Journal of Beta Investment Strategies, 15, 1 (2024), 54-65.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2024\/08\/JRet_RP-VAC.pdf\">Retirement Planning: The Volatility-Adjusted Coverage Ratio<\/a>.&#8221; Journal of Retirement, 12, 1 (2024), 40-60.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2025\/04\/RP-ACA.pdf\">Retirement Planning: A Comprehensive Approach<\/a>.&#8221; Retirement Management Journal, 13, 1 (2024), 47-59. (<em>Winner of the 2025 Investments &amp; Wealth Institute Journal Research Award<\/em>.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2025\/12\/ESRBT.pdf\">Expected Stock Returns in Bullish Times<\/a>.\u201d Financial Economics Letters, 4, 2 (2025), 54-61.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2026\/02\/VDR.pdf\">Volatility: A Dead Ringer for Downside Risk<\/a>.&#8221; Finance Research Open, 2, 1 (2026), 1-7. (100099)<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2026\/03\/ERB.pdf\">The Expected Return of Bonds<\/a>.&#8221; Journal of Investment Consulting, 24, 1 (2025), 50-59.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2026\/03\/FEL-05010050.pdf\">The Lazy Man&#8217;s Momentum Strategy<\/a>.&#8221; Financial Economics Letters, Financial Economics Letters, 5, 1 (2026), 1-8.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2025\/05\/S-V-SV.pdf\">Small, Value, or Small\/Value?<\/a>&#8221; Journal of Investing, forthcoming 2026.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong><span style=\"text-decoration: underline\">ARTICLES<\/span> (Various)<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/WSJE-MonkeyBusiness.pdf\">Monkey Business: Contest Ignores Risk<\/a>.\u201d The Wall Street Journal Europe, Jan\/10\/95.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Expansion-EMs1.pdf\">Why Investing in Emerging Markets<\/a>?\u201d Expansion (Spanish business newspaper, in Spanish), Mar\/23\/98.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Expansion-EMs2.pdf\">Emerging Markets: A Good Shelter for Investments<\/a>.\u201d Expansion (Spanish business newspaper, in Spanish), Apr\/30\/98.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Expansion-EMs3.pdf\">The \u2018Risk\u2019 of Investing in Emerging Markets<\/a>.\u201d Expansion (Spanish business newspaper, in Spanish), May\/16\/98.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Expansion-RelVal1.pdf\">Methods of Relative Valuation<\/a>.\u201d Expansion (Spanish business newspaper, in Spanish), Sep\/22\/00.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Expansion-RelVal2.pdf\">A Step Ahead: Reverse Valuation<\/a>.\u201d Expansion (Spanish business newspaper, in Spanish), Sep\/29\/00.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/EBF-PricingIStocks1.pdf\">Pricing Internet Stocks<\/a>.\u201d European Business Forum, Autumn 2000, 56-59.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Connectis-ICrash.pdf\">Another Tulip Bulb, Another Dotcom<\/a>.\u201d Connectis, April 2001, 24-25.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Expansion-ArgCrisis.pdf\">The Crisis in Argentina and Its Impact on Spain<\/a>.\u201d Expansion (Spanish business newspaper, in Spanish), Feb\/2\/02.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Expansion-Google.pdf\">Google Goes Public<\/a>.\u201d Expansion (Spanish business newspaper, in Spanish), Jun\/24\/04.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/FT-DR.pdf\">Focus on the Downside<\/a>.\u201d Financial Times, Mastering Risk, Sep\/16\/05.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/JOIM-BR-HarfordSiegel.pdf\">Book review: <em>The Undercover Economist<\/em> (by Tim Harford)<\/a>. Journal of Investment Management, 4, 2 (2006), 82-83.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/JOIM-BR-HarfordSiegel1.pdf\">Book review: <em>The Future for Investors<\/em> (by Jeremy Siegel)<\/a>. Journal of Investment Management, 4, 2 (2006), 83-85.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/EMR-Farewell.pdf\">Farewell from the Founding Editor: A Brief History of the EMR (So Far)<\/a>.\u201d Emerging Markets Review, 8 (2007), 2-3.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/EBF-I21C-Eur.pdf\">Investing for the Long Term: Technique and Perspectives for the European Market<\/a>.\u201d European Business Forum, Autumn 2007, 40-45.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Bolsa-I21C-Spain.pdf\">Investing for the Long Term: Technique and Perspectives for the Spanish Market<\/a>.\u201d Bolsa (in Spanish), October 2007, 74-77.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/JOIM-BR-Poundstone.pdf\">Book review: <em>Fortune&#8217;s Formula<\/em> (by William Poundstone)<\/a>. Journal of Investment Management, 5, 4 (2007), 131-132.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/FT-BlackSwans.pdf\">What Should Investors Do? Nothing! Just Sit Tight<\/a>.\u201d Financial Times, Jan\/31\/08.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Economista-BlackSwans.pdf\">Black Swans in Stock Markets<\/a>.\u201d El Economista (Mexican business newspaper, in Spanish), Feb\/5\/08.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Expansion-BlackSwans.pdf\">Black Swans in Stock Markets<\/a>.\u201d Expansion (Spanish business newspaper, in Spanish), Feb\/7\/08.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/JOIM-BR-BrowneBogle.pdf\">Book review: <em>The Little Book of Value Investing<\/em> (by Christopher Browne) and <em>The Little Book of Common Sense Investing<\/em> (by John Bogle)<\/a>. Journal of Investment Management, 6, 1 (2008), 81-82.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/QFinance.pdf\">Investing in a Volatile Environment: A Black Swan Perspective<\/a>.\u201d QFinance &#8211; The Ultimate Resource (Bloomsbury), 312-313.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/JOIM-BR-Harford2.pdf\">Book review: <em>The Logic of Life<\/em> (by Tim Harford)<\/a>. Journal of Investment Management, 7, 3 (2009), 103-104.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/MWorld.pdf\">How To Hold Your Nerves in Volatile Markets: Think About (Black) Swans<\/a>.\u201d MWorld, Summer\/Fall 2009, 26-29.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Quantum.pdf\">No Gain Without Pain<\/a>.\u201d Quantum, 10 (2010), 50-55.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/JOIM-BR-ZweigStein-DeMuth.pdf\">Book review: <em>The Little Book of Safe Money<\/em> (by Jason Zweig) and <em>The Little Book of Bulletproof Investing<\/em> (by Ben Stein and Phil DeMuth)<\/a>. Journal of Investment Management, 8, 4 (2010), 87-89.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/JOIM-BR-Lewis.pdf\">Book review: <em>The Big Short<\/em> (by Michael Lewis)<\/a>. Journal of Investment Management, 9, 1 (2011), 101-102.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/JOIM-BR-Paulson.pdf\">Book review: <em>On the Brink<\/em> (by Hank Paulson)<\/a>. Journal of Investment Management, 10, 4 (2012), 118-120.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2013\/07\/JOIM-BR-Marks.pdf\">Book review: <em>The Most Important<\/em> Thing (by Howard Marks)<\/a>. Journal of Investment Management, 11, 2 (2013), 110-111.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2014\/01\/JOIM-BR-Richards.pdf\">Book review: <em>The Behavior Gap<\/em> (by Carl Richards)<\/a>. Journal of Investment Management, 11, 4 (2013), 75-76.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2014\/11\/JOIM-BR-Harford3.pdf\">Book review: <em>The Undercover Economist Strikes Back<\/em> (by Tim Harford)<\/a>. Journal of Investment Management, 12, 3 (2014), 120-121.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2015\/02\/TEFR-TDFs.pdf\">Target-Date Funds: The Good, the Bad, and the Ugly<\/a>.&#8221; European Financial Review, Feb-Mar (2015), 54-57.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2015\/02\/ElPeriodico-InvestmentIdeas.pdf\">Low Rates? Ten Ideas to Consider<\/a>.&#8221; El Periodico (Spanish newspaper, in Spanish), Feb\/24\/15.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2015\/09\/JOIM-BR-LevittDubner.pdf\">Book review: <em>Think Like a Freak<\/em> (by Steven Levitt and Stephen Dubner)<\/a>. Journal of Investment Management, 13, 2 (2015), 115-116.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2015\/09\/AAII-VAA.pdf\">Valuation\u2019s Usefulness for Forecasting and Setting Asset Allocation<\/a>.\u201d American Association of Individual Investors Journal, July (2015), 29-31.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2015\/09\/CFA-IRP-G2.pdf\">The Retirement Glidepath: A Vote for Static Asset Allocations<\/a>.\u201d CFA\u2019s Investment Risk and Performance, 2015, 1, 1-4.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2016\/03\/JOIM-BR-Faber.pdf\">Book review: <em>Global Asset Allocation<\/em> (by Mebane Faber)<\/a>. Journal of Investment Management, 14, 1 (2016), 101-102.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2016\/12\/JOIM-BR-Thaler.pdf\">Book review: <em>Misbehaving<\/em> (by Richard Thaler)<\/a>. Journal of Investment Management, 14, 3 (2016), 75-76.<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2017\/05\/Forbes-Alternatives.pdf\">Investing: How Alternatives May Help Your Portfolio<\/a>.&#8221; Forbes Online (May, 2017).<\/span><\/li>\n<li><span style=\"color: #0000ff\">&#8220;<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2017\/09\/GHAUS-IESEMag.pdf\">An Approach for Asset Allocation<\/a>.&#8221; IESE Alumni Magazine, October-December (2017).<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2017\/10\/JOIM-BR-Ellis.pdf\">Book review: <em>The Index Revolution<\/em> (by Charles Ellis)<\/a>. Journal of Investment Management, 15, 3 (2017), 81-82.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2019\/12\/JOIM-BR-Lewis2.pdf\">Book review: <em>The Fifth Risk<\/em> (by Michael Lewis)<\/a>. Journal of Investment Management, 17, 2 (2019), 91-92.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2021\/04\/p0648.pdf\">Book review:\u00a0<em>The Man Who Solved the Market<\/em> (by Gregory Zuckerman)<\/a>. Journal of Investment Management, 18, 3 (2020), 127\u2013129.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2021\/11\/JOIM-BR-Lewis3.pdf\">Book review: <em>The Premonition<\/em> (by Michael Lewis)<\/a>. Journal of Investment Management, 19, 3 (2021), 99-100.<\/span><\/li>\n<li><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2023\/09\/JOIM-BR.pdf\">Book review:\u00a0Trillions (by Robin Wigglesworth)<\/a>. Journal of Investment Management, 21, 3 (2023), 79-80.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong><span style=\"text-decoration: underline\">ARTICLES<\/span> (Unpublished)<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/Crime.pdf\">Crime and Punishment: An Introductory Analysis in a Noncooperative Framework<\/a>.\u201d Working Paper, 1994.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/ITRRN.pdf\">Insider Trading: Regulation, Securities Markets, and Welfare Under Risk Neutrality<\/a>.\u201d Working Paper, 1994.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/ITRPR.pdf\">Insider Trading: Regulation or Taxation?<\/a>\u201d Working Paper, 1996.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/ITRRRW.pdf\">Insider Trading: Regulation, Risk Reallocation, and Welfare<\/a>.\u201d Working Paper, 1996.<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/CRTDCFRC.pdf\">The Distribution of Sentences in Tax-Related Cases: Explaining Success Rates<\/a>.\u201d Working Paper, 1997. (With Santos Pastor.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/DSRSSM.pdf\">Empirical Distributions of Stock Returns: Scandinavian Securities Markets, 1990-95<\/a>.\u201d Working Paper, 1997. (With Felipe Aparicio.)<\/span><\/li>\n<li><span style=\"color: #0000ff\">\u201c<a style=\"color: #0000ff\" href=\"https:\/\/blog.iese.edu\/jestrada\/files\/2012\/06\/LBE.pdf\">Law and Behavioral Economics<\/a>.\u201d Working Paper, 2001.<\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;color: #0000ff\"><strong>WORK IN PROGRESS<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #0000ff\">&#8220;Buy the Dip? It Depends.&#8221; In progress.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>BOOKS Finance in a Nutshell &#8211; A No-Nonsense Companion to the Tools and Techniques of Finance. FT &#8211; Prentice Hall, 2005. The FT Guide to Understanding Finance\u00a0&#8211; A No-Nonsense Companion to Financial Tools and Techniques. FT &#8211; Prentice Hall, 2011. &hellip; <a href=\"https:\/\/blog.iese.edu\/jestrada\/research\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":871,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-295","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/jestrada\/wp-json\/wp\/v2\/pages\/295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/jestrada\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blog.iese.edu\/jestrada\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/jestrada\/wp-json\/wp\/v2\/users\/871"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/jestrada\/wp-json\/wp\/v2\/comments?post=295"}],"version-history":[{"count":208,"href":"https:\/\/blog.iese.edu\/jestrada\/wp-json\/wp\/v2\/pages\/295\/revisions"}],"predecessor-version":[{"id":1678,"href":"https:\/\/blog.iese.edu\/jestrada\/wp-json\/wp\/v2\/pages\/295\/revisions\/1678"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/jestrada\/wp-json\/wp\/v2\/media?parent=295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}