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Daniel Rasmussen

Daniel Rasmussen is the founder and portfolio manager of Verdad Advisers. Before founding Verdad, Dan worked at Bain Capital and Bridgewater Associates. Dan graduated from Harvard College summa cum laude and received an MBA from the Stanford Graduate School of Business. He is the New York Times bestselling author of American Uprising: The Untold Story of America’s Largest Slave Revolt (Harper, 2011).
Articles by Daniel Rasmussen

The Bankruptcy of Modern Finance Theory

Outcomes are easy to measure in financial markets: you either beat the index or you don’t. And the results could not be clearer about how few people possess any real skill. A recent study found that 70 percent of actively managed funds have failed to beat their benchmark index and just 2.3 percent have delivered excess…

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