Jason Voss, CFA, rounds up his favorite articles and lessons learned from 2012. Read more
Leave a CommentEuropean sovereign debt crisis
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Good investments arise when one identifies a disconnect between the expectations of the market and the underlying reality. Yet, getting two investors to agree on specific opportunities or risks is sometimes a Herculean feat. Individually, investors employ a wide range … Read more
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Can applying insights from behavioral finance help investment managers (and clients) overcome decision fatigue and avoid self-inflicted wounds to their portfolios? The latest issue of CFA Institute Magazine looks at how managers are trying to cope with this challenge. Read more
Leave a CommentWolfgang Münchau discusses the current state of the Eurozone crisis and potential resolutions. He explains potential implications of a breakup and the costs and benefits to various countries across the region. Read more
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Top posts from last month included a roundup of research on how US presidential elections affect the markets, some suggestions for alternatives to the risk-free rate, and a look at the future of bond markets. Read more
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Noted behavioralist and value investor James Montier addressed the prospect of investing in European stocks through the framework of his Seven Immutable Laws of Investing — a set of common sense, value-based principles that are too often violated by the typical investor. Read more
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Unsurprisingly, a major theme of the Fifth Annual CFA Institute European Investment Conference was the prospect for the euro. While speakers put forward different arguments, ultimately it seems the resolution must come from choices made about the political economy. Read more
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Economist Anatole Kaletsky downplays the real economic importance of Europe to the global economy and believes there is a chance that Germany might even leave the eurozone to ensure the euro’s survival as a currency. Read more
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At the recent CFA Institute Fixed-Income Management Conference, BlackRock Chief Investment Officer Rick Rieder contended that the fixed-income market is undergoing structural changes in the wake of the Great Recession that have not been present for at least 20 years. Among the major elements of this shift: the long-term continuation of artificially low interest rates and a shortening of investment time horizons. Read more
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