Research. Reviews. Ideas. Built for investment professionals.


Top Five Articles from July: Forward P/E, Active Management, Ariely

Highlights from last month include examinations of the CAPE ratio and forward P/E earnings by Joachim Klement, CFA; Matthew Borin's analysis of a recent Take 15 talk with Dan Ariely; an interview with C. Thomas Howard about the state of active management by Jason Voss, CFA; and a somewhat alarming take on the long-term implications of the low interest rate environment on the viability of banks and insurance companies by David Schawel, CFA.

Reduced Viability? Banks, Insurance Companies, and Low Interest Rates

In the current low-rate environment, there is reason to wonder about the viability of banks, insurance companies, and indeed any institution that generally depends on the spread between long- and short-dated liabilities for its profits, says David Schawel, CFA.

Does More Regulation Make Investment Products Safer?

Regulation in the financial industry is on the rise. The issue is: does extra regulation reduce the risk of loss?

Only Buy Insurance When You Can’t Afford the Loss

Not buying insurance for things we can afford to replace or have happen does not mean that those things won’t occur, it just means that instead of having the small bleed of constantly paying premiums for things, we will once in a while be paying out larger replacement amounts for things we did not insure against. However, you should not save on insurance premium payments in instances where you can’t afford the loss.

Annuities Are Expensive — Make Sure You Need Them!

Annuities are an important and sometimes dominant part of an investment portfolio for millions of savers. But make sure they are worth it.