We thank Laurence B. Siegel and Roger G. Ibbotson for helpful comments. We gratefully acknowledge research support from the International Center for Finance at the Yale School of Management. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
In addition to my role as a faculty member at Yale, I am engaged in a number of outside activities.
1. I serve as the Executive Editor of the Financial Analysts Journal
2. I serve on the board of the Jeffrey Company, an investment company.
3. Within the last five years I have testified as an expert witness in cases involving the financial industry.
These include cases related to mortgage-backed securities on behalf of Credit Suisse.
4. I serve on the board of Hamden Hall Country Day School.
6. I periodically receive compensation for lectures outside of Yale and service as a referee or reviewer.
My paid reviewer activity includes honoraria from the Carnegie Corporation.