About the Authors

Prof. Michael McDonald, is a partner with Morning Investments, a boutique financial training firm. He holds a PhD in finance and his work has been published in major financial journals such as the Journal of Corporate Finance, the Journal of Fixed Income, the Pacific Basin Finance Journal, and the Journal of Behavioral Finance, and has been quoted in the Wall Street Journal, CNN, Nasdaq. com, Bloomberg, Reuters, and many other outlets. Michael’s past work experience includes working as a bond trader at Wachovia/Wells Fargo, as a quant at AQR, and in institutional investor product development for Seeking Alpha.