Risk Management

252 Posts

Top Five Articles from November: Modern Portfolio Theory and P2P Lending

Top Five Articles from November: Modern Portfolio Theory and P2P Lending

Highlights from November include a critique of modern portfolio theory (MPT) by Hansi Mehrotra, CFA; a primer on inflation-linked debt explained by Jason Voss, CFA; a few examples of how investors can add value over a preferred stock index fund from David Allison, CFA, CIPM; and an analysis by Ron Rimkus, CFA, on whether a US recession is to be expected in 2017. Read more

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Book Review: Opening Credit

Book Review: Opening Credit

Focusing on traded credit, the authors lay out the basic principles of fundamental corporate credit analysis and illustrate the key elements with recent examples. They explain why credit analysis should be focused on management rather than reported financial results. To be useful to credit analysts, financial results should be adjusted to reflect the company’s “economic behavior.” The authors also discuss common company manipulations and effective methods for dealing with these manipulations. Read more

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Top Five Articles from October: Executive Presence and the Fintech Effect

An exploration of the potential fintech effect by Larry Cao, CFA; Julia VanDeren’s examination of executive presence; Tadas Viskanta’s analysis of market-related risks arising from global warming; and the latest installment in the Dumb Alpha series by Joachim Klement, CFA, were among the leading posts from Enterprising Investor in October. Read more

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