Biography
Joachim Klement, CFA, is a trustee of the CFA Institute Research Foundation and offers regular commentary at Klement on Investing. Previously, he was CIO at Wellershoff & Partners Ltd., and before that, head of the UBS Wealth Management Strategic Research team and head of equity strategy for UBS Wealth Management. Klement studied mathematics and physics at the Swiss Federal Institute of Technology (ETH), Zurich, Switzerland, and Madrid, Spain, and graduated with a master’s degree in mathematics. In addition, he holds a master’s degree in economics and finance.
Imagine an artificial intelligence (AI) built to produce as many paper clips as possible.
What if "normal" real interest rates are not coming back?
Where will stock markets and interest rates be at year-end 2020?
The economy has only a handful of truly fundamental drivers that influence different asset classes.
What does it take to succeed in business and investing?
In today's bull market, the bezzle, or "inventory of undiscovered embezzlements," isn't stocked with Ponzi schemes and the like. Rather it is built on the notion that risky assets have become practically risk-free.
The best way to keep up with the Joneses is to ignore them. Joachim Klement, CFA, explains.
Remember to focus on what might go wrong in the future instead of what has gone right in the past.
Why do investors keep investing in government bonds despite extremely low yields?
What differentiates the Warren Buffetts and Peter Lynches of the world from the run-of-the-mill investor?