Practical analysis for investment professionals

Drivers of Value


Sustainability, ESG, and the Future of Investing: A Review

This curated collection of Enterprising Investor's ESG coverage showcases the key sustainability issues through the perspectives of both ESG proponents and critics.

Less Efficient Markets = Higher Alpha?

Shouldn't less efficient capital markets with greater information asymmetries offer more alpha opportunities?

When Assets “Disappear,” Climate Risk and ESG Data Needs Remain

Once sold by major public firms, fossil fuel assets don’t disappear. Neither does the need for relevant, reliable risk disclosure.

Book Review: Beyond Diversification

The range of tools that Sébastien Page, CFA, sets out in this book can help investors make better decisions.

Does Guru Investing Work?

A new investment style has proliferated over the last decade or so: the copycat investor.

Equal- vs. Market Cap-Weighted Portfolios in Stock Market Crashes

How have equal- and market-cap weighted US equity portfolios performed relative to one another during downturns?

Revisiting Beta: How Well Has Beta Predicted Returns?

Are CAPM and beta effective predictors of future returns?

ESG Asset Managers: Define the Why

Clients today want their investments to produce a genuine positive impact as well as a return. Asset managers need to define how they plan to do that.

Inflation Will Fall, But Not Far Enough

We can expect the surge in US inflation to subside. But not enough to help ailing consumers.

Book Review: Algo Bots and the Law

Gregory Scopino provides a deeply detailed journey through the history of futures and derivative markets regulation.