Practical analysis for investment professionals
19 July 2013

Weekend Reads for Financial Advisers: Smart Beta, Luck vs. Skill, and Behavioral Finance

Posted In: Weekend Reads

Are you a runner (with a good sense of humor)? Then stop right here and click through this wickedly funny comic of the terrible and wonderful reasons why I run long distances (The Oatmeal). And if you’re not a runner, and just want to get down to business, here are some good reads you may have missed:




  • There was a lot of media coverage and Twitter chatter about the Labaton Sucharow report (PDF) about ethical conduct on Wall Street. Highlights from the report include: 23% of respondents said that “they had observed or had firsthand knowledge of wrongdoing in the workplace”; and 24% said they would “engage in insider trading to make $10 million if they could get away with it.” My colleague, Michael Macmillan, held a webinar — “Can Ethics be Dangerous to your Career?” — to discuss the findings of the survey along with other issues, such as what you should do if asked to do something you believe is unethical. You can listen to an archive by clicking on the preceding link.

Behavioral Finance / Economics

Wealth Management Industry


  • One of the smartest interviews I have read in a while on the subject of hiring and leadership traits: “David Reimer of Merryck & Co., on Sticking to Values.” My top two quotes: “The biggest challenge is that when you become a C.E.O., you effectively step inside a bubble. Not by choice — it’s a fact of the job. Nobody comes to you anymore without an agenda”; and “a résumé is like a shield because it doesn’t tell you anything about the human being behind it.” (The New York Times)
  • How and Why to Be a Leader (Not a Wannabe)” (HBR blog network)

Social Media

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

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About the Author(s)
Lauren Foster

Lauren Foster was a content director on the professional learning team at CFA Institute and host of the Take 15 Podcast. She is the former managing editor of Enterprising Investor and co-lead of CFA Institute’s Women in Investment Management initiative. Lauren spent nearly a decade on staff at the Financial Times as a reporter and editor based in the New York bureau, followed by freelance writing for Barron’s and the FT. Lauren holds a BA in political science from the University of Cape Town, and an MS in journalism from Columbia University.

1 thought on “Weekend Reads for Financial Advisers: Smart Beta, Luck vs. Skill, and Behavioral Finance”

  1. TK says:

    Love the De Rosa quote!

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