Michael Woodford, former president and CEO of Olympus Corporation, was controversially fired after revealing widespread company fraud. Woodford recounts his experience and discusses the role and perception of whistleblowers today.
For years, researchers have used historical returns as proxies for estimating equity risk premium. This approach is problematic, however, because the resulting estimates don't vary from one year to the next, even though equity market returns can be wildly divergent from year to year. Katsunari Yamaguchi, CFA, has developed a new method for estimating equity premiums.
Ng Kok Song, former group chief investment officer of the Government of Singapore Investment Corporation (GIC), and Jason Voss, CFA, discuss an increasingly meaningful tool in the investment toolkit: meditation.
Nate Silver, author of The Signal and the Noise and founder and editor-in-chief of FiveThirtyEight, explains how to differentiate between “signal” and “noise,” and discusses the danger of false signals, in a recent Take 15 interview with Lauren Foster.
Is Chinese economic data reliable? Carsten Holz, professor of economics at the Hong Kong University of Science and Technology, discusses common misconceptions about China’s GDP figures and its future economic outlook.
Subscribe to Enterprising Investor and receive the weekly email newsletter.
The European Commission is looking to make technical changes next year to parts of the revised Markets in Financial Instruments Directive in response to persistent criticism from market participants. Financial Times (subscription required) (13 Nov.)
The New York Legislature could remove an obstacle to transition of derivatives cash contracts from Libor to another interest-rate benchmark, but the Federal Reserve-backed Alternative Reference Rates Committee expects election-year delays to prevent action in the near future. "It's unlikely we'll have certainty on this for quite some time," says Brian Grabenstein of Wells Fargo, which is an ARRC member bank. MLex (subscription required) (12 Nov.)
US consumer prices increased the most since March last month, sending the consumer price index up 0.4%, according to the Labor Department. Health care costs had the biggest increase in more than three years, and recreation costs climbed the most since 1996. Reuters (13 Nov.)
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.