Practical analysis for investment professionals
26 October 2014

Top Five Posts from the 2014 European Investment Conference

Posted In: Best Of

1. Keynes the Investor: Lessons to Be Learned

John Maynard Keynes is widely regarded as a great economist. It is less known that he was also a very successful investor, pioneering techniques and establishing principles that have now become investment lore, said Elroy Dimson.

2. Shareholder Value Maximization: The World’s Dumbest Idea?

James Montier said that the idea of shareholder value maximization didn’t come from businesses but rather originated as an opinion in academia and was unsupported by much evidence.

3. What’s Next for China and India?

Russell Napier, ASIP, contended that investors should be more optimistic about India than about China. His central thesis was that China’s export-driven growth model is not sustainable and its financial infrastructure is ill-equipped to support a shift toward domestic consumption as the driver of economic growth.

4. Investment Industry Must Change Its Behaviors Quickly to Regain Trust

Elizabeth Corley, CEO of Allianz Global Investors, challenged the asset management industry to stop “burying its head in the sand” and acknowledge the “trust deficit” and to do so quickly.

5. All Dressed Up and Nowhere to Go: A Theory without a Purpose?

Milton Friedman once argued that theory without realistic assumptions or testable hypotheses is useless. By that measure, “80% of financial theory is not fit for purpose,” said Jerome Booth, head of New Sparta Limited.

If you liked this post, consider subscribing to the Enterprising Investor.


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.

Photo credit: ©iStockphoto.com/retrorocket

About the Author(s)
Paul McCaffrey

Paul McCaffrey is the editor of Enterprising Investor at CFA Institute. Previously, he served as an editor at the H.W. Wilson Company. His writing has appeared in Financial Planning and DailyFinance, among other publications. He holds a BA in English from Vassar College and an MA in journalism from the City University of New York (CUNY) Graduate School of Journalism.

Leave a Reply

Your email address will not be published. Required fields are marked *



By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close