Enterprising Investor
Practical analysis for investment professionals

Drivers of Value


Top 10 Blogs of 2025: Insights on Market Cycles and Financial History

The Enterprising Investor blogs that resonated most with readers in 2025 were those that used historical evidence to illuminate present-day dynamics.

Research and Policy Center Top 10 Publications from 2025

These popular publications from CFA Institute Research and Policy Center offer practical insight for leaders shaping investment decisions.

Momentum Investing: A Stronger, More Resilient Framework for Long-Term Allocators

Momentum investing endures but smart construction, signal diversification, and risk management are essential for capturing its alpha.

The Growth Story Behind Insurance-Linked Securities

Investors are revisiting insurance-linked securities for yield, diversification, and resilience amid rising catastrophe risk.

Winners and Losers in a World Without Quarterly Earnings

Clare Flynn Levy reflects on how reduced reporting frequency would alter real-world investment decisions, influencing which firms gain or fall behind.

Corporate Myopia: Less-Frequent Reporting Won’t Reduce Managerial Short-Termism

Evidence shows quarterly reporting is not the cause of corporate myopia. Incentive structures exert far greater pressure.

The Two AI Stories: Measurable Gains and Hidden Balance-Sheet Pressure

AI is boosting productivity, yet circular financing and concentrated capital flows raise valuation and balance-sheet risks.

The Earnings Dip Before a Sweet Deal: Going Private in Europe

European voluntary delistings often involve earnings management. This study shows the patterns and implications for investors.

How to Value Digital Tokens: A 5-Step Fair Value Framework

How financial analysts can approach digital asset valuation through a structured, five-step fair value framework.

From Risk to Resilience: What Finance Can Learn from the Futures

From forecasting to foresight: how scenario thinking enhances risk awareness and long-term resilience in finance.