Top Five Articles from November: Tougher Times for Analysts
1. Tougher Times for Securities Analysts
Increased scrutiny of securities analysts typically follows in the wake of widespread financial turbulence. This time, it seems, is no different.
2. Rewrite the Finance Textbook: Low Risk Offers High Return
As investment professionals, we were taught wrong. We were taught capital asset pricing model and efficient market hypothesis, which are overly simplistic. And contrary to what we were taught, low-volatility stock portfolios consistently outperform.
3. Poll: Why Did You Pursue a Career in Finance?
We asked readers a personal question: What was the primary reason you pursued a career in finance? For most respondents, the answer has a lot more to do with interest and chance and a lot less to do with money or prestige.
4. 13F Watch: Buffett Buys Exxon Mobil, Ackman and Berkowitz Target Fannie and Freddie
The latest quarterly filings show that fund managers as a group increased their technology exposure while trimming consumer staples and financials.
5. PIMCO’s Seidner: The Economic Recovery Is Even Worse than Many Think
On the surface, people tend to focus on signs of growth in the economy — housing, the manufacturing sector renaissance, and energy independence. And it is true that these longer term trends are improving. But in the here and now, the number of people working has not improved.
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