MidhaFin Blogs

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Dry Lease: The Deal Behind Every IndiGo Flight You’ve Ever Taken

Financial Statement Analysis

Dry Lease: The Deal Behind Every IndiGo Flight You’ve Ever Taken

Learn how dry leases work in aviation, why airlines lease aircraft, and how IFRS 16 and Ind AS 116 affect lease liabilities, EBITDA, leverage, and financial analysis.

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Price and Volume: Why Technical Analysts Never Look at One Without the Other

Equity

Price and Volume: Why Technical Analysts Never Look at One Without the Other

Learn how price and volume work together in technical analysis, including trend confirmation, divergence, OBV, volume spikes, exhaustion, and reversal signals.

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Normal Backwardation: Keynes’s Theory of Why Futures Prices Are Systematically Too Low

Alternative Investments

Normal Backwardation: Keynes’s Theory of Why Futures Prices Are Systematically Too Low

Learn normal backwardation theory, why futures may trade below expected future spot prices, how producer hedging creates a risk premium, and its connection to roll yield.

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Fiat Money: Why Modern Currencies Are Worth What We Believe They’re Worth

Economies

Fiat Money: Why Modern Currencies Are Worth What We Believe They’re Worth

Learn what fiat money is, why modern currencies have value, how central banks manage money supply, and the roles of inflation, credibility, and monetary policy.

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Expected Future Spot Rate: Why the Market’s Forecast and the Market’s Contract Aren’t the Same Thing

Derivatives

Expected Future Spot Rate: Why the Market’s Forecast and the Market’s Contract Aren’t the Same Thing

Understand the expected future spot rate, how it differs from the forward exchange rate, and how UIP, PPP, interest rates, and carry trades connect in CFA Economics.

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Investment Assets: A CFA Candidate’s Map of What You Can Actually Own

Portfolio Management

Investment Assets: A CFA Candidate’s Map of What You Can Actually Own

Learn the major investment asset classes, including equities, fixed income, cash, derivatives, and alternatives, and understand their risks, returns, and portfolio roles.

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Bond Convexity: Why Duration Alone Doesn’t Tell the Whole Story

Fixed Income

Bond Convexity: Why Duration Alone Doesn’t Tell the Whole Story

Learn how time value decay affects option prices, why theta accelerates near expiration, how moneyness matters, and how volatility changes option decay.

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Time Value Decay: Why Options Lose Value Even When Nothing Else Changes

Derivatives

Time Value Decay: Why Options Lose Value Even When Nothing Else Changes

Learn how time value decay affects option prices, why theta accelerates near expiration, how moneyness matters, and how volatility changes option decay.

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Generative AI in Investment Management: What the CFA Curriculum Wants You to Know

Quants

Generative AI in Investment Management: What the CFA Curriculum Wants You to Know

Learn how generative AI is used in investment management, including research, reporting, code generation, key risks, governance, and CFA exam concepts.

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Extraordinary Items: The CFA Curriculum’s Case Study in a Concept That No Longer Exists

Financial Statement Analysis

Extraordinary Items: The CFA Curriculum’s Case Study in a Concept That No Longer Exists

Learn what extraordinary items were, why US GAAP eliminated them, why IFRS never allowed them, and how they differ from discontinued operations and accounting changes.

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Factor Rotation: Why Smart Beta Isn’t Always as Simple as It Looks

Portfolio Management

Factor Rotation: Why Smart Beta Isn’t Always as Simple as It Looks

Learn how factor rotation works in smart beta investing, why factors cycle, which factors tend to lead in different regimes, and why timing them is difficult.

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Self-Investment Limits: Why Pension Funds Are Restricted From Investing in Their Own Sponsors

Economies

Self-Investment Limits: Why Pension Funds Are Restricted From Investing in Their Own Sponsors

Understand self-investment limits in pension funds, why employer securities are restricted, how these limits protect beneficiaries, and their role in the CFA IPS framework.

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CAIA vs CFA: Key Differences Explained

CFA

CAIA vs CFA: Key Differences Explained

Choosing the right investment certification can shape your career in finance. Two popular options are the CFA and CAIA.

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Definition of CFA: Chartered Financial Analyst Overview

CFA  |  

Finance  |  

Finance Certifications

Definition of CFA: Chartered Financial Analyst Overview

Explore the definition of CFA, its significance in finance, and how to become a Chartered Financial Analyst. Understand the rigorous CFA exam process and key roles in investment management.

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Federal Funds Rate

Derivatives

Federal Funds Rate

Understand the Federal Funds Rate, how the Fed uses it to control monetary policy, and its impact on bonds, stocks, currencies, inflation, and global markets.

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Early-Stage Investment: What the CFA Curriculum Means by Venture Capital and Why It Differs From Everything Else in Private Equity

Alternative Investments

Early-Stage Investment: What the CFA Curriculum Means by Venture Capital and Why It Differs From Everything Else in Private Equity

Learn how early-stage venture capital investing works, including seed financing, valuation methods, staged funding, power law returns, and VC investor roles.

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Factoring Arrangements: Where Working Capital Meets Structured Finance

Fixed Income

Factoring Arrangements: Where Working Capital Meets Structured Finance

Understand factoring arrangements, recourse and non-recourse structures, working capital benefits, and how trade receivables factoring scales into ABS markets.

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Timberland Investment Management Organisations: The Quiet Giants of Real Asset Investing

Alternative Investments

Timberland Investment Management Organisations: The Quiet Giants of Real Asset Investing

Learn how Timberland Investment Management Organisations (TIMOs) work, why institutions invest in timberland, return drivers, risks, and portfolio benefits.

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