Literature: authors starting with T

Takahashi and Alexander (2002) · Illiquid Alternative Asset Fund Modeling

Takahashi, Dean; Alexander, Seth. The Journal of Portfolio Management 28 (2), pp. 90–100. doi:10.3905/jpm.2002.319836

The Yale endowment's cash flow model: capital calls, distributions and fund value of illiquid funds from a few parameters, for planning commitments and liquidity across scenarios.

Cited in: Measuring private markets: J-curve, cash flows, smoothing and public proxies · Takahashi-Alexander model: forecasting the cash flows of private markets funds · Private markets methodology: analyzing funds, forecasting cash flows, planning commitments · Glossary: Capital call and distribution · Glossary: Takahashi-Alexander model · Glossary: Bow factor

Taleb (2007) · The Black Swan: The Impact of the Highly Improbable

Taleb, Nassim Nicholas. Random House.

A popular book on rare, high-impact events and the limits of statistical models based on the normal distribution.

Cited in: Skewness and kurtosis: why market crashes are more frequent than the normal distribution says

Tang and Xiong (2012) · Index Investment and the Financialization of Commodities

Tang, Ke; Xiong, Wei. Financial Analysts Journal 68 (6), pp. 54–74. doi:10.2469/faj.v68.n6.5

As index investment has grown since the early 2000s, the prices of non-energy commodity futures have become more closely linked to the oil price, especially for index commodities.

Cited in: Active or passive in bonds and commodities: why the rules differ from equities

Templeton and Phillips (2008) · Investing the Templeton Way

Templeton, Lauren C.; Phillips, Scott. McGraw-Hill.

John Templeton's investment principles: search worldwide for bargains and buy when pessimism is at its height.

Cited in: Legendary investors: the investment styles of the most famous investors, from Graham to Simons · Glossary: Contrarian investing

Tetlock (2007) · Giving Content to Investor Sentiment: The Role of Media in the Stock Market

Tetlock, Paul C.. The Journal of Finance 62 (3), pp. 1139–1168. doi:10.1111/j.1540-6261.2007.01232.x

Pessimism in a Wall Street Journal column predicts downward pressure on prices that later reverses, which points to sentiment rather than new information.

Cited in: Alternative data: job ads, Reddit, X, satellites and card payments

The Block (2026) · Kalshi loses appeal over Ohio and Tennessee sports betting laws, widening circuit split

The Block. The Block, September 26, 2026; accessed October 25, 2026. Source

The Sixth Circuit ruled for Ohio and Tennessee (no swaps, no pre-emption of gambling law), after the Ninth Circuit had ruled against Kalshi on August 28, 2026; New Jersey petitioned the Supreme Court on September 2, 2026, and the Fourth Circuit case is pending.

Cited in: Prediction markets as bets on events: what they can and cannot do

Vanguard (2012) · Vanguard to change target benchmarks for 22 index funds

The Vanguard Group. Press release, Valley Forge, October 2, 2012; accessed October 25, 2026. Source

22 index funds switch from MSCI to FTSE (6) and CRSP (16); the reasons given are rising license fees and expected savings for investors.

Cited in: Index providers and valuation points: why the same index is calculated differently · Glossary: Index license

Vanguard BND Factsheet (2026) · Vanguard Total Bond Market ETF (BND), Factsheet, as of September 30, 2026

The Vanguard Group. Vanguard; accessed October 25, 2026. Source

Index sampling: 11,434 bonds in the fund versus 14,254 in the index; ten-year return of 1.13% a year (NAV) versus 1.17%, expense ratio 0.03%.

Cited in: Index replication: full replication, optimized sampling and swaps

Vanguard BNDX Factsheet (2026) · Vanguard Total International Bond ETF (BNDX), Factsheet, as of September 30, 2026

The Vanguard Group. Vanguard; accessed October 25, 2026. Source

Index sampling: 6,837 bonds in the fund versus 14,644 in the index; ten-year return of 1.30% a year (NAV) versus 1.42%, expense ratio 0.07%.

Cited in: Index replication: full replication, optimized sampling and swaps

Vanguard VT Factsheet (2026) · Vanguard Total World Stock ETF (VT), Factsheet, as of September 30, 2026

The Vanguard Group. Vanguard; accessed October 25, 2026. Source

Index sampling: 10,185 stocks in the fund versus 10,221 in the FTSE Global All Cap; ten-year return of 12.32% a year (NAV) versus 12.40%.

Cited in: Index replication: full replication, optimized sampling and swaps

White House (2025) · The President Signed into Law S. 1582 (GENIUS Act, July 18, 2025)

The White House. The White House; accessed October 25, 2026. Source

Announcement of the signing of the GENIUS Act, which creates a legal framework for payment stablecoins in the US.

Cited in: Digital assets: tokenization, stablecoins, crypto securities and the digital euro

Thorp (2006) · The Kelly Criterion in Blackjack Sports Betting, and the Stock Market

Thorp, Edward O.. Elsevier/North-Holland (Zenios and Ziemba, eds.: Handbook of Asset and Liability Management, Vol. 1). doi:10.1016/s1872-0978(06)01009-x

An overview of the Kelly criterion in gambling and the stock market, including fractional Kelly and its practical limits.

Cited in: Legendary investors: the investment styles of the most famous investors, from Graham to Simons · The Kelly criterion: how much to bet for maximum growth · Glossary: Kelly criterion

Thorp (2017) · A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market

Thorp, Edward O.. Random House.

An autobiography: from card counting at blackjack and hedging warrants and convertible bonds to the Princeton Newport Partners fund.

Cited in: Legendary investors: the investment styles of the most famous investors, from Graham to Simons

Tobin (1958) · Liquidity Preference as Behavior Towards Risk

Tobin, J.. The Review of Economic Studies 25 (2). doi:10.2307/2296205

Shows that every investor can hold the same portfolio of risky assets and vary only the share of the safe asset (separation theorem).

Cited in: CAPM: the capital asset pricing model and the security market line · Efficient frontier: Markowitz portfolio optimization · Glossary: Separation theorem

Tong and Lim (1980) · Threshold Autoregression, Limit Cycles and Cyclical Data

Tong, H.; Lim, K. S.. Journal of the Royal Statistical Society Series B: Statistical Methodology 42 (3), pp. 245–268. doi:10.1111/j.2517-6161.1980.tb01126.x

Introduces threshold autoregressions (TAR): the model switches as soon as an observed variable crosses a threshold.

Cited in: Regime models: hidden Markov, Markov switching and more · Glossary: Threshold model

Tóth et al. (2011) · Anomalous Price Impact and the Critical Nature of Liquidity in Financial Markets

Tóth, Bence; Lempérière, Yves; Deremble, Cyril; de Lataillade, Joachim; Kockelkoren, Julien; Bouchaud, Jean-Philippe. Physical Review X 1 (2), pp. 021006. doi:10.1103/PhysRevX.1.021006

Explains why the market impact of large orders executed in pieces grows with the square root of their size, and confirms the law with almost 500,000 of an asset manager's own futures trades from 2007 to 2010.

Cited in: Liquidity risk: measuring market liquidity, liquidity premiums and the tools of open-ended funds · Order types and execution: from limit orders to MOC, VWAP, TAS and BTIC · Glossary: Market impact

Tuckman and Serrat (2012) · Fixed Income Securities: Tools for Today's Markets

Tuckman, Bruce; Serrat, Angel. Wiley, 3rd edition.

Textbook on bond prices, day count conventions, spot and forward rates, duration, convexity, swaps and spread measures.

Cited in: Duration: how strongly bonds react to interest rates · Bond math: calculating price, yield, duration, convexity and spreads · Glossary: Accrued interest · Glossary: Day count convention · Glossary: Spot rate

Turnbull and Wakeman (1991) · A Quick Algorithm for Pricing European Average Options

Turnbull, Stuart M.; Wakeman, Lee MacDonald. The Journal of Financial and Quantitative Analysis 26 (3). doi:10.2307/2331213

A fast approximation for average options based on the moments of the average, checked against Monte Carlo.

Cited in: Option pricer: how Portfolio Lab values options

Tuzun (2013) · Are Leveraged and Inverse ETFs the New Portfolio Insurers?

Tuzun, Tugkan. Board of Governors of the Federal Reserve System, Finance and Economics Discussion Series 2013-48. doi:10.17016/feds.2013.48

The procyclical rebalancing of leveraged and inverse ETFs resembles the portfolio insurance of 1987; a 1% rise in broad US indexes triggers rebalancing purchases of $1.04 billion, with contributions to volatility in 2008/09 and 2011.

Cited in: How leveraged ETFs are built: swaps, daily rebalancing and gamma risk