In an era of low investment returns, the traditional approach to asset allocation and portfolio management is giving way to a new model that holds the promise of working better during periods of instability and crisis. Read more
4 CommentsJuly 2012
The Yale University economics professor reminded delegates at the CFA Institute Financial Analysts Seminar last week that cynicism about finance and financial innovation is a symptom of misplaced frustration with today’s crises. Read more
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These books deepen our knowledge of the key issues surrounding the global financial crisis. Although both works suffer somewhat from a myopic viewpoint, together they enhance the finance professional’s understanding of the crisis and its causes. Read more
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While some governments have provided guidance to the investment industry about the use of social media, many countries have yet to issued regulations. Regardless of what local bodies dictate, the CFA Code of Ethics and Standards of Professional Conduct provides an excellent framework for investment professionals to consider when representing themselves or their businesses online. Read more
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The famed short-seller and his colleagues recently analyzed their investment track record and discovered, to their surprise, that the firm’s most successful investments turned out to be “value traps.” Read more
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At the recent CFA Society of the UK Annual Conference in London, Michael Mauboussin, chief investment officer at Legg Mason Capital Management, laid out some best practices, including paying attention to process versus outcome, having the odds in one’s favor, and understanding the role of time. Read more
1 CommentDemonstrating proficiency in emotional intelligence is a critical skill set that is in demand across all roles in the investment industry. Why is this the case, are there challenges unique to investment professionals, and what practical steps can you take to develop this soft skill? Read more
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Why do so many veteran investors express such vehement disdain toward gold? Why are others so bullish on it? Given its deeply routed mystique, gold can exert a strong emotional pull on investors. Read more
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This treatise on security-specific analysis of speculative-grade debt by a seasoned, highly regarded specialist in the field is the best book yet on the subject. Covering all aspects of risk assessment and valuation of speculative-grade bonds and leveraged loans, it is essential reading for all professionals engaged in such analysis. Read more
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In order to detect lies and deceit a financial analyst needs to understand the basics. For example, in what contexts do people lie, and what types of people are more likely to lie or deceive? Read more
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