Enterprising Investor
Practical analysis for investment professionals

Research and Policy Center Top 10 Publications from 2025

These popular publications from CFA Institute Research and Policy Center offer practical insight for leaders shaping investment decisions.

What Successful Investors Read: Book Recommendations from Professionals

The best investors read widely about people, systems, bias, and failure because investing is more than numbers.

Public Blockchain Settlement: From Pilot to Modernized Market Structure

Major financial institutions are advancing blockchain-based settlement, signaling gradual but meaningful change in market infrastructure.

Momentum Investing: A Stronger, More Resilient Framework for Long-Term Allocators

Momentum investing endures but smart construction, signal diversification, and risk management are essential for capturing its alpha.

The Growth Story Behind Insurance-Linked Securities

Investors are revisiting insurance-linked securities for yield, diversification, and resilience amid rising catastrophe risk.

AI in Investment Management: From Exuberance to Realism

AI offers real promise for investors, but reliability gaps and oversight needs mean its impact will be more measured than early hype suggests.

Winners and Losers in a World Without Quarterly Earnings

Clare Flynn Levy reflects on how reduced reporting frequency would alter real-world investment decisions, influencing which firms gain or fall behind.

AI in Venture Capital: Separating Signal from Noise

A simple framework helps VC investors assess and identify durable long-term value when investing capital in AI.

Corporate Myopia: Less-Frequent Reporting Won’t Reduce Managerial Short-Termism

Evidence shows quarterly reporting is not the cause of corporate myopia. Incentive structures exert far greater pressure.

The Two AI Stories: Measurable Gains and Hidden Balance-Sheet Pressure

AI is boosting productivity, yet circular financing and concentrated capital flows raise valuation and balance-sheet risks.