Apollo, Blackstone Pitch $36B Debt to Power Anthropic TPUs
Apollo and Blackstone are arranging a record $36B debt deal to fund Anthropic’s Google TPU buildout — a watershed for AI-infra private credit.
Investing Theory
Evergreen explanations of valuation, risk, portfolio construction, and market behavior. Articles use worked examples and sourced data to connect financial theory with real market decisions.
Sharpe Ratio Explained: Measuring Risk-Adjusted Returns
How the Sharpe ratio works: the formula, a worked example, common pitfalls, and why William Sharpe himself warned against trusting a single number.