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Economics


Filial Support Laws: “A Sleeping Giant”
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US filial support laws could be a potential "sleeping giant." For those with clients who refuse to acknowledge the importance of planning for long-term health care in retirement, read on.

Active vs. Passive vs. Amazon et al.
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The top 10% of firms account for 80% of all profits, Sloane Ortel observes. This leaves us with two seemingly conflicting truths: Winners win bigger than ever, but Amazon, one of the world’s biggest winners, is not making much in the way of profits.

Ambiguity Tolerance Beats Artificial Intelligence
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What can artificial intelligence (AI) do for the investment management industry? What can't it do? Markus Schuller provides his insights.

Beyond Modern Portfolio Theory: Liability-Driven Investment Strategies
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The portfolio construction techniques popularized by modern portfolio theory (MPT) are not always practical, writes Dan Tammas-Hastings, CFA. That's why liability-driven investment (LDI) strategies are generating increased attention.

Investment Strategies amid Uncertainty
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“What do you do in today’s market?” Three panelists addressed that question in a discussion at the CFA Institute Alpha and Gender Diversity Conference. Susan Hoover provides a synopsis.

Weekend Reads for Investors: Pyramid Edition
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Among the Weekend Reads selections from Jason Voss, CFA, are stories about China and Russia linking their currencies, the missing pieces of artificial intelligence (AI), and pyramids.

George Friedman’s Eyes Are on Germany
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George Friedman will be watching how one last piece of the global financial crisis plays out very carefully.

Keep It Simple: 11 Rules for Equity Valuations
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James J. Valentine, CFA, shared his 11 rules for equity valuations and setting price targets at the CFA Institute Conference: Equity Research and Valuation 2017. Paul McCaffrey provides a synopsis.

Three Tips for Evidence-Based Retirement Plans
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Isaac Presley, CFA, has a few suggestions to put a little evidence-based thinking into your clients' retirement plans.

Municipal Bonds: How Much to Hold?
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How much should a taxable bond portfolio hold in tax-exempt US municipal bonds? Benjamin Doty, CFA, offers his analysis.