Enterprising Investor
Practical analysis for investment professionals

Economics


Low Probability of Loss: Why It Doesn’t Equal Low Risk in Investing

In golf, a hole-in-one is a remarkable feat. The odds? Roughly one in 850,000 from a distance of 150 yards – practically a statistical anomaly. Yet, the 2023 LPGA tour recorded 20 such occurrences. How can this… READ MORE ›

A Reality Check on Private Markets: Part II

How does the internal rate of return (IRR) work and why do investors need to be careful not to view the metric as an equivalent measure to a rate of return on investments?

A Guide for Investment Analysts: Working with Historical Market Data

Interested in working with older historical data? Pitfalls lurk for the unwary.

The Tyranny of IRR: A Reality Check on Private Market Returns

What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector are to blame.

From Darwin to Wall Street: A Rebuttal

The problem within finance is its philosophical core; that is, the worldview upon which our analytical frameworks are based.

Retaining Top Investment Talent: Lessons Learned by Large Canadian Pension Plans

The secret sauce of Canadian pension plan returns lies in their ability to attract top talent, carefully design compensation frameworks, and adapt to market conditions.

The Hidden Environmental Costs of Tech Giants’ AI Investments

Big tech is spending big on AI technologies. Training and operating them has raised concerns about environmental impact. What disclosures should sustainable investors demand?

Wall Street’s Latest Flood: Private Credit

Private credit is a treacherous swamp full of opportunists. Is your consultant capable of defying the formidable odds of success?

Book Review: Resistance Money: A Philosophical Case for Bitcoin

Should I add bitcoin to my portfolio? If not, why not? This book will help advisors field these tough client questions.

The Alternative Investment Gender Gap: Marketing to Female Clients

What are women's favorite alternative investments? What marketing strategies resonate with women, and which one's don't?



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