Basis Northwest 2026 is sold out. The waitlist has 43 people on it. We expect to release another 5 or so seats next week. The best way to stay up to date on future Basis events is via this newsletter.
🔴 Upcoming events… Wednesday, May 27, 2026:
- 🛩️ 1:30 - 3:30 PM PT: Surprise event if you are arriving early (RSVP)
- 🍔 5:30 - 7:30 PM PT: Canvas kick-off reception (RSVP)
Taxable memes and what I’m reading...
NBER Lo/Khandani: What happened to the quants in August 2007? (analysis of long/short hedge funds)
NBER Binsbergen/Diamond/Grotteria: Risk-Free Interest Rates
Tax Alpha Insider Long/short: Schwab’s margin risk addendum is worth reading
Burney Advisor Services: Don’t Let the Tail Wag the Dog
Sunday’s post explores the 2007 Quant Quake. Here’s a teaser from Lo/Khandani.
“Coordinated deleveraging” is worth a closer look.
Memes
Little bites of culture.
TGIF