Enterprising Investor
Practical analysis for investment professionals

Future States


Small Caps vs. Large Caps: The Cycle That’s About to Turn

History, valuation metrics, and macro conditions point to an approaching comeback for small-cap stocks.

Can Generative AI Disrupt Post-Earnings Announcement Drift (PEAD)?

Can generative AI eliminate post-earnings announcement drift (PEAD) -- or just reshape it? Explore how this emerging technology could redefine market efficiency.

Investing Through Uncertainty: 5 Lessons in Emotional Discipline

In light of the uncertainty dominating today’s markets and headlines, it’s worth revisiting some of the behavioral pitfalls that have tripped up investors for centuries.

Social Norms Shape Investment Behavior. What Can Advisors Do About It?

Note to financial advisors: It’s time to embrace the norm effect and rethink how we influence investment decisions.

Europe Rearms: What Defense Spending Means for Markets

For financial analysts and investors, the rise of defense spending in Europe is more than a policy shift -- it’s a structural re-rating of risk and opportunity across the continent.

How Tariffs and Geopolitics Are Shaping the 2025 Global Economic Outlook

The year is unfolding beneath the weight of mounting geopolitical risks and structural divergences, The challenge for investors isn’t just to react, but to interpret, prepare, and adapt.

Rebalancing’s Hidden Cost: How Predictable Trades Cost Pension Funds Billions

Rebalancing may help portfolios stay on target, but its predictability comes at a cost.

Top 10 Posts from Q1: Valuation Models, Inflationary Shocks, Private Markets

This quarter's top reads reveal what's capturing the attention of investment professionals.

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 ›