Search results for: modern portfolio theory
Frank J. Fabozzi, CFA, spoke with Paul Kovarsky, CFA, about the state of academic finance and financial theory.
Dismantling the finance industry’s closet indexing factory is a critical step in The Active Equity Renaissance, C. Thomas Howard and Jason Voss, CFA, observe.
Mark Harrison, CFA, looks at combining factors in multifactor portfolios and considers issues of performance measurement in factor investing, in the third installment of his Shortcuts to Factor Investing series.
An important new monograph from the CFA Institute Research Foundation explores a fundamental question in the wake of the global financial crisis: Has finance theory failed investors?
With a focus on value investing, this book is full of useful discussions of such topics as creditworthiness, market efficiency, diversification, and financial accounting. It is primarily aimed at investors interested less in trying to predict near-term earnings and the temporal movements of stock prices than in management’s ability to maximize the value of corporate assets.
Our two most popular posts from last month were interviews with C. Thomas Howard, who seeks to bridge the divide between modern portfolio theory and behavioral finance. Rounding out the top five: a book review, a primer on bond convexity, and a curated reading list on retirement and the retirement crisis.
Despite numerous studies attempting to link volatility to changing fundamentals, research shows that investor emotions are the root cause of the vast majority of these price changes, according to C. Thomas Howard.
Sam Lum, CFA, rounds up his favorite articles on portfolio management from 2012.
Helping a client understand and articulate their own goals and their biggest fears, and then building a compatible investment strategy, is an enormous challenge and is likely to be different with every client.
How can investors better manage their portfolios in these turbulent times? This central question framed an engaging session led by Pranay Gupta, CFA, last month at the second annual India Investment Conference in Mumbai.