Practical analysis for investment professionals

Risk Management


The Bezzle and the Central Banks

In today's bull market, the bezzle, or "inventory of undiscovered embezzlements," isn't stocked with Ponzi schemes and the like. Rather it is built on the notion that risky assets have become practically risk-free.

Status Anxiety Or: How Our Neighbors Make Us Worse Investors

The best way to keep up with the Joneses is to ignore them. Joachim Klement, CFA, explains.

Rising Risk: Accounting Shenanigans and Alternative Investments

The next crash may unearth accounting scandals to rival those of Enron and WorldCom, says Sebastien Canderle.

Edward Altman: Where Are We in the Credit Cycle?*

Has the bubble in credit markets achieved new momentum? Edward Altman weighs in.

Negative Interest Rates: Carry an Umbrella at All Times

Negative interest rates are back! Should portfolio managers change their game plans because of them?

Global Financial Health Check-Up: What’s the Prognosis?

How healthy are the bank and non-bank sectors across the globe? How does their current status compare with the days preceding the global financial crisis?

The Role of the State in Corporate Governance

Recent corporate governance scandals have a surprising culprit lurking behind them.

Nuclear Risk and the Financial Markets

The financial community should work to reduce nuclear risks the same way it does those of climate change.

Geopolitical Risk in Portfolio Management

What role should geopolitical risk discussions play in portfolio decisions?

Paul Volcker on Conflicts, Ethics, and the US Banking Industry

Paul Volcker considers the state of banking today in an interview with Exile on Wall Street author Mike Mayo, CFA.