equities

271 Posts

Dumb Alpha: Do the Right Thing

One of the symptoms of middle age is that you start to give advice to younger people on what your experience has taught you about life. So Joachim Klement, CFA, puts his imaginary pipe into his mouth, adjusts his glasses, and explains why keeping it simple might be the most important “dumb alpha” lesson he has learned in his investing career. Read more

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The C-Suite Speaks: Back to School

Earnings season is over, but September is a busy month for conferences. Those companies presenting at conferences last week tended to have relatively upbeat things to say about the economy. Will positive commentary outweigh soft economic data when the US Federal Reserve meets in September? No one at the Fed has ruled out a rate hike quite yet. Read more

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Book Review: Capital Returns

Book Review: Capital Returns

Although a collection of company analyses may not seem like compelling reading, this volume covers an important and underappreciated topic and boasts a superb introduction by one of the great financial writers of our era, Edward Chancellor. Both real-life and fictional examples help readers deepen their understanding of the capital cycle and teach managers and analysts capital cycle pitfalls to avoid. Read more

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The Cost of Cheap: Slavery in the Supply Chain

It’s conceivable slavery made it into your clothing or perhaps even the circuits that you are using to read this. It shouldn’t be that way. The case against slavery is about more than just morality. It’s about money and a material risk to a broad cross section of widely owned businesses that is underappreciated, potentially disastrous, and (in time) easily mitigated. Read more

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