CFA Institute Blogs
Investors who bought shares in the recent public offering should have first consulted the authors of Security Analysis, who wrote that the intrinsic value of a security is “that value which is justified by the facts . . . as distinct, let us say, from market quotations established by artificial manipulation or distorted by psychological excesses.” Read more
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CFA Institute has released a discussion paper to solicit input from members in Asia Pacific on existing regulatory requirements and practices regarding retail investment funds performance. Read more
Leave a CommentTopping off yesterday’s celebration of 50 years of the CFA program, John Rogers, CFA, president and CEO of CFA Institute, took time to speak with Nightly Business Report about the global “crisis of confidence” in the investment profession. Read more
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In part two of this discussion, Kevin Harney discusses the effects of the critical assumptions in finance and what can be done differently. Read more
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As proxy season in the U.K. progresses, investor displeasure with executive pay practices continues — a common sentiment on both sides of the Atlantic that is likely to be a feature of proxy season for years to come. Read more
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Finance rests upon several critical assumptions that have logical holes. Among the assumptions are: Brownian motion and normally distributed outcomes. Here is a discussion of some of the effects caused by these assumptions. Read more
Leave a CommentPatrick Chovanec, an associate professor at Tsinghua University School of Economics and Management, discusses the economic and investment implications involved in rebalancing the Chinese economy. He touches upon the current economic climate in light of the 2008 financial crisis with regards to China’s infrastructure, a trend toward urban migration, and general investment trends since the crisis. Read more
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Renowned Yale economist and best-selling author Robert J. Shiller recently issued a simple but important call for college graduates headed for careers in finance: “… never lose sight of the purposes and overriding social goals of finance.”
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A detailed review of 13F filings for the first quarter of 2012 reveal that, as a group, portfolio managers moved out of energy, utilities and consumer staples stocks and beefed up their holdings of technology, financial, and consumer discretionary stocks. Read more
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The easiest, least expensive, and most effective way to reduce information trafficking would be for public companies to be more open and honest with investors and shareholders. Read more
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