Top Five Articles from June: Blockchain, Shiller vs. Siegel, and Shooting Par
So, what is blockchain? What will it do to our industry? Campbell R. Harvey led an extended presentation on the subject. Larry Cao, CFA, provides a summary.
Is the stock market overvalued? That depends on who you ask. Nobel laureate Robert J. Shiller says “yes,” while Jeremy Siegel says “no.” Lauren Foster outlines their debate.
“What if, instead of trying to beat the market, investors focused on outperforming other investors by earning investing’s equivalent to par?” asks Dougal Williams, CFA.
Drawing from a comprehensive empirical analysis, The End of Accounting and the Path Forward for Investors and Managers, by Baruch Lev and Feng Gu, demonstrates how financial reports have largely lost their relevance and presents an actionable alternative for finance professionals. Martin Fridson, CFA, reviews the work.
The Stoic philosopher Epictetus has something to teach the investment profession, says Mimmi Kheddache Jendeby.
If you liked this post, don’t forget to subscribe to the Enterprising Investor.
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.
Image courtesy of W. Scott Mitchell