Enterprising Investor
Practical analysis for investment professionals

Drivers of Value


Geopolitical Change: Investors Should Focus on the Long Term

In our interconnected world, geopolitical events — ranging from trade disputes and regulatory shifts to conflicts and pandemics — capture headlines and influence market sentiments. As investment professionals, it’s crucial for us to understand these dynamics without… READ MORE ›

Private Equity and Private Debt: Two Sides of the Same Coin

Explore how the growing convergence of private equity and private debt is transforming risk dynamics, return strategies, and regulatory concerns across the private capital landscape.

Book Review: Themes in Alternative Investments

This book highlights a cross-section of issues relevant to the current state of alternative investments.

Quality of Earnings: A Critical Lens for Financial Analysts

Quality of Earnings: By approaching financials with this sharper lens, analysts can not only anticipate problems but also identify opportunities that align with long-term value creation.

Net Worth Optimization: A New Era of Personalized Risk Optimization

From mean variance optimization to net worth optimization. We no longer need to ask which is more important, the client’s attitude toward risk or the client’s capacity to take on risk.

Year of Shifting Sands: Reflections on the 2024 Global IPO Market

The dynamics of global capital flows are shifting. While the overall IPO market contracted last year, a closer look paints a more nuanced picture.

Book Review: Buffett’s Early Investments

This book digs into Buffett’s pre-Berkshire investments. The result is a fresh look into the origins of his investment approach.

The Alternative View: 401(k) Plans Are Better off Without Private Investments

The debate over the inclusion of private investments in 401(k) plans is a hot topic. Are DC plans better off without them?

ML Models Need Better Training Data: The GenAI Solution

As complex ML models become more prevalent in investment management, their tendency to overfit to specific historical conditions poses a growing risk to investment outcomes.

6 Reasons to Avoid Hedge Funds

Financial success depends on disciplined saving and investing, not fancy investment products and high returns.