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Most Recent Commentary

Treasury Doesn’t Need the Fed to Finance Debt
Donald L. Luskin
Wall Street Journal
Tuesday, October 19, 2021
The Fed has done nothing that the Treasury couldn’t have done on its own.

Most Recent Media Appearance

Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever
Portfolio
Tuesday, November 23, 2021

Tull therefore invited Dunn, Grossman and Luskin over to lunch at Morgan Stanley's opulent dining room to explain how they wanted to launch a series of exchange-traded index funds that tracked international stockmarkets. SPDR was hardly a roaring success, but Luskin seemed particularly keen on the idea. Luskin, a college dropout turned options trader, was unusually abrasive for BGI, a company that was dominated mostly by clean-cut soft-spoken former academics like Grossman, who would debate and analyze everything to death. But even Luskin's detractors admit that he was brilliant, that he brought a lot of drive and trading expertise to the organization, and that his bluntness could be useful at a place in love with never-ending Socratic debate. Luskin handed the practical task of building to suite of ETFs to Amy Schioldager, a fund manager responsible for BGI's international index funds. "Make it happen," he tersely instructed her, with little instruction on how to do it.