How Japan has created a sovereign wealth fund with borrowed money By: Naoki Ito , Kosuke Mikitani, Yasumasa Suzuki Japan’s government debt exceeds 230% of GDP, by far the highest ratio among advanced economies, the product of having run primary deficits for decades . An aging
Verdad has hosted over 50 college students and MBAs for paid internships since 2014. The program includes a daily seminar-style class taught by firm partners.
Chris previously worked as an analyst at Philosophy Capital, covering long/short equity and credit. Before that, he worked at Stadium Capital and the Boston Consulting Group. He earned an AB from Harvard College and an MBA from Stanford Graduate School of Business, and is a CFA charterholder.
Daniel Rasmussen founded Verdad Advisers, an investment firm managing over $1 billion in assets across multiple asset classes. He authored *The Humble Investor* (2025) and *American Uprising* (2011), with his research featured in *The Wall Street Journal*, *The Financial Times*, *Institutional Investor*, and *The Best Investment Writing*.
