Top Five Articles from August: James Grant, Bond Market Bubbles
Reading obscure financial information may look and feel like productive work, but most of this content has little chance of leading to better results, advises Robert J. Martorana, CFA. So portfolio managers must learn to read fast and quickly detect nonsense.
“Radical monetary policy begets more radical policy,” says James Grant. “It seems to me at some point markets or voters will put a stop to this.” Matthew Borin shares this and other insights from Grant’s recent talk at the New York Society of Security Analysts (NYSSA)’ Annual Benjamin Graham Conference.
If the results of this CFA Institute Financial NewsBrief poll are any indication, at least some of the global fixed-income market is in bubble territory, writes Ron Rimkus, CFA.
Intelligence is made up of skill sets, explains Nathan Jaye, CFA. Rather than an unfathomable display (or lack) of brilliance, intelligence is ability in specific mental tasks. Once those tasks are defined, it’s a short step to begin training in them.
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All posts are the opinion of the author. As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.
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