Practical analysis for investment professionals


The Calvin Coolidge Approach to Saving America from Debt and Insanity: Just Say No!

Politics is all about saying "yes." But in an era of high debt and low growth, American history affords at least two interesting counterexamples: Warren Harding and Calvin Coolidge, former Republican U.S. presidents who improved the country's fortunes largely by saying "no."

Robert Shiller: In Praise of Financial Innovation

The Yale University economics professor reminded delegates at the CFA Institute Financial Analysts Seminar last week that cynicism about finance and financial innovation is a symptom of misplaced frustration with today's crises.

Warning: These Three Decision-Making Errors May Be Hurting Your Investment Performance

Distinguished economist Noreena Hertz told attendees at the recent CFA Society of the UK Annual Conference that “active thinking” strategies can help neutralize the common cognitive errors that inhibit effective decisions.

How to Prepare For a Meeting With Your Investment Adviser

Robert Stammers, CFA, discusses some questions that investors should ask before they sit down for a meeting.

Libor Scandal Poll: What Did the BoE Know and When Did It Know It?

In a recent poll, 92% of the professional investors surveyed saw the Bank of England as complicit in the Libor scandal.

The Economics of Obamacare (Part 1): The Implications for Health Care Investing

The architects of PPACA emphasize three main goals: to provide access to health care to all; to improve the quality of care; and to find ways to slow or reduce the cost of care. Can the law meet these lofty goals? And what are the implications for investors in hospital and insurance stocks?

The Economics of Obamacare (Part 2): Analyzing the U.S. Health Insurance System

A full understanding the implications of the Affordable Care Act requires a deep dive into the data and an examination of the history of the U.S. health insurance market.

The Economics of Obamacare (Part 3): Understanding the Lessons of Medicare

The central lessons of Medicare provide insight into the sea changes we can expect from the Affordable Care Act.

Take 15: Fatal Conceit: What the Fed Imagines It Can Design (Video)

Gary P. Brinson, CFA, discusses the impact that the Federal Reserve’s prolonged low-rate environment is having on plan sponsors. He argues that we are observing Hayek's fatal conceit where a handful of people in the government imagine they can redesign markets and do better than markets themselves can.

Negative Real Interest Rates: The Conundrum for Investment and Spending Policies

Can anyone reasonably expect to earn a 5% real return with acceptable risk in today’s economic environment?

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