There was a key development on Capitol Hill last week you might have missed. The decades-old Gephardt Rule, which seeks to avoid having the U.S. run afoul of the debt limit, was given new life.

Short-term thinking hurts companies. But finance students at Maryland Smith learn a different approach. They focus on value maximization, not profit maximization.

Companies have built-in incentives to avoid short-termism. But they fall into the myopia trap when they confuse value creation with income maximization.

Critics come down hard on shareholder primacy. But Maryland Smith professor Michael Faulkender says people err when they overlook risk/reward economics.

Wall Street traders play for higher stakes than Monopoly rivals collecting plastic houses and fake money. But finance professor Albert “Pete” Kyle, author of landmark research on market microstructure, sees both activities as examples of games. As a child growing up in Memphis, Tenn., Kyle enjoyed strategy games like checkers, chess, poker and bridge — especially when winning required a degree of speculation. He also enjoyed market simulations like Monopoly.

Standing in front of the closet figuring out what to wear in the morning doesn't get any easier just because it's summer. If anything, it's harder.

The race between active and passive investment management is becoming really interesting. After years of growth among passive funds, experts are starting to ask: What's at risk?