ADAGIO INSTITUTE, INC.

A 501(c)(3) Public Charity

Adagio Institute, Inc. is a 501(c)(3) public charity organized for the purpose of promoting financial education. The Institute conducts and sponsors transdisciplinary study and research in econophysics, financial mathematics, and financial engineering developing academic programs with partner universities. Our mission is to promote broad adoption of meaningful, objective quantitative standards for asset management to drive merit-based decision making within the financial services industry.

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The Shadow Banker's Secrets

INVESTMENT BANKING FOR ALTERNATIVES

Benjamin D. Summers

Foreword by Oren Klaff

The Shadow Banker's Secrets (2nd Edition)

Protect Your Portfolio from Market Crises While Generating Above-Market Returns, Create Capital and Become Your Own Bank

The Shadow Banker's Secrets

INVESTMENT BANKING FOR ALTERNATIVES

Benjamin D. Summers

Foreword by Oren Klaff

Protect Your Portfolio from Market Crises

While Generating Above-Market Returns, Create Capital and

Become Your Own Bank

ORDER YOUR FREE COPY

The Shadow Banker's Secrets

FREE ON SUBSTACK

CUSTOM JAVASCRIPT / HTML

The Shadow Banker's Secrets

INVESTMENT BANKING FOR ALTERNATIVES

Benjamin D. Summers

Foreword by Oren Klaff

Protect Your Portfolio from Market Crises

While Generating Above-Market Returns,

Create Capital and Become Your Own Bank

ORDER YOUR FREE COPY

The Shadow Banker's Secrets

FREE ON SUBSTACK

CUSTOM JAVASCRIPT / HTML

"A shadow bank is a non-depository financial institution that operates under exemptions from normal banking regulations.

Investment banks, private equity and hedge funds are examples of a few types of shadow banks. They create debt and equity capital and sell investments across the global financial system.

There is only one thing that differentiates investing from gambling…

In gambling, the probability of loss exceeds the probability of gain.

With investing, the expectation is that the probability of gain exceeds the probability of loss.

Probability is a number. It’s something to be measured.

To meaningfully evaluate any investment you have to know how the expected return percentage compares to the associated risk percentage, but almost no one does that.

People rely on stories, their feelings and relationships to make investment decisions. Those are great for choosing friends but do nothing to help you determine how to invest if you actually care about your money.

The big shadow banks hire physicists and mathematicians called quants to measure and engineer the risk-adjusted performance of the investments they sell.

They often use this expertise to bet against the public and push shoddy product through their armies of sales staff called financial advisors.

As a quant myself with an academic background in physics, I’m taking this expertise from behind the closed doors of the big banks to the public in my book and masterclass The Shadow Banker’s Secrets: Investment Banking for Alternatives to level the playing field.

You'll learn how to not only identify and create superior risk-adjusted investment performance, but how to compliantly securitize it to raise unlimited capital as your own bank."

~ Benjamin D. Summers

LEARN HOW TO BECOME YOUR OWN BANK ORDER THE SHADOW BANKER'S BOOK & MASTERCLASS

MONEY AS DEBT

“The process by which banks create money is so simple that the mind is repelled.”

~ John Kenneth Galbraith

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