Markets assume a context entirely out of view of their participants, which can have deleterious effects for both suppliers and demanders, Jason Voss, CFA, observes in the latest installment of his Where Markets Fail series.
Has an employer's business practices ever created ethical concerns for you? Has it affected your career? CFA Institute Financial NewsBrief readers weighed in, and Julia VanDeren analyzes the surprising results.
The “invisible hand” of the free market can hurt as well as help participants. The authors, who are Nobel Prize–winning economists, argue that as long as there is profit to be made, sellers will exploit our psychological and behavioral weaknesses through manipulation and deception.
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.
Investment professionals across the globe need to take the long view and bend the arc of the future away from being self-focused and toward caring about others. And in so doing, we can create a force for good, says Daniel Goleman.
CFA Institute president and CEO Paul Smith, CFA, issued a rousing call for a more ethical and effective investment profession. He also laid out his vision of where he hopes to lead CFA Institute in the years ahead, offering a road map for how he intends to get there.
Science demonstrates that meditation reduces stress, improves creativity, counteracts behavioral biases, and improves ethical decision making. It can be an incredibly useful tool for investment professionals.
In this week's edition of Weekend Reads for Investors, Jason Voss, CFA, salutes the NFL champion Denver Broncos and curates selections on the gravity of falling global equity markets, behavioral biases, Einstein's relativity, and more.
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The European Central Bank's widely anticipated move toward tapering its bond-buying scheme looks likely to have a considerable effect on emerging economies, which hold record levels of euro debt, and could hamper those economies' recent rally. However, the effect is unlikely to equal the "taper tantrum" that wiped half a trillion dollars off the MSCI Emerging Markets Index when the Federal Reserve proposed a similar move in 2013. Reuters (21 Aug.)
China's Great Wall Motor said it wants to buy the US Jeep brand. However, Fiat Chrysler, which owns Jeep, said it hasn't been approached with a proposal. The New York Times (free-article access for SmartBrief readers) (21 Aug.)
Some expect Federal Reserve Chair Janet Yellen to use her speech at the Jackson Hole, Wyo., economic symposium to announce further interest-rate increases, contrary to market expectations, and an October start to shrink the central bank's balance sheet. The Telegraph (London) (tiered subscription model) (21 Aug.)
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