Prospera Insights · Research Publication
Insights
Written research on how capital is actually allocated — market structure, portfolio construction, valuation, private markets and systematic process. Long-form, evidence-led, and written for people who already know what a Sharpe ratio is.
- Published by
- Prospera Insights Research Desk
- In the library
- 9 pieces · 7 research areas
- Access
- Open — no account required
Who Is on the Other Side of Your Trade?
Every purchase you make is a sale somebody else was pleased to make. Market structure is the study of who that person is, what they know, and why they were willing.
Read the pieceThe library
The Allocation Does the Work
Selection is the glamorous half of investing and the smaller half. What a portfolio actually does over a decade is decided by weights, constraints and rebalancing discipline — none of which require being right about anything.
ReadWhat Separates Research From Opinion
Investment research and investment opinion look identical on the page. The difference is structural: a stated process, a recorded rejection, a falsifiable claim, and a source you can go and check.
ReadPrice Without a Market
A quoted price in private markets is a negotiation, not a clearing price. What that changes about diligence, sizing and expected holding period is more than most investors allow for.
ReadRules Are a Risk Control, Not a Crystal Ball
A backtest is a story about the past told by someone who knows how it ended. What survives contact with live capital is rarely the signal — it is the discipline the rules impose.
ReadThe Arithmetic of Drawdowns
A 50% fall requires a 100% rise to undo. Volatility drag, sequence risk and the gap between average and compounded returns are the same fact wearing three different names.
ReadThe Cost of the Next Rupee
A hurdle rate is not a piece of corporate-finance formality. For an individual investor it is the single most clarifying number in the portfolio — and most people have never written theirs down.
ReadWhen a Fund Stops Being the Fund You Bought
Category labels, star ratings and trailing returns all describe a fund's past. Whether it is still the thing you selected is a separate question, and it requires looking at the portfolio rather than the factsheet headline.
ReadWhere Returns Actually Come From
Earnings growth, dividend yield and multiple re-rating are not interchangeable. Two portfolios with identical returns can have entirely different futures depending on which of the three they were paid by.
ReadEverything published here is general information and investment education. It is not investment advice, a recommendation, or an offer to buy or sell any security, and it does not take account of any individual reader's objectives, financial situation or needs. Investments are subject to market risk.