Innovation
“Success is going from failure to failure with the same enthusiasm,” says Skype co-founder Jonas Kjellberg.
The ETF has been at the forefront of three major investment phenomena over the past two decades, and as a result has had a positive effect on the investment world, says Tadas Viskanta. The beauty of the ETF industry is its embrace of new ideas and strategies. Tamping down on that would only serve to make the investment world a less interesting place. So let's "Keep ETFs Weird."
For Andy Acker, CFA, portfolio manager of the Janus Global Life Sciences Fund, these are especially exciting times for investors in the health care sector. Opportunities abound, as significant advances in understanding the genetic causes of disease have resulted in a surge in new and more effective treatments. At the same time, risks remain and a disciplined approach to stock selection and portfolio construction is imperative for success.
To think about how financial professionals can change the world, think first about how far we’ve come.
The cold war between passive and active investing has heated up considerably in the last two years, writes Jason Voss, CFA. He offers more insight on this, as well as other picks in this week's edition of Weekend Reads for Investors.
The United States has been in an economic malaise for almost two years, but the markets want to believe the economy is emerging from its doldrums. We'll get a much better sense as to whether this is another false start during earnings season.
“All invest-tech rests on two pillars: data latency, which is the speed in acquiring or processing error-free inputs, and inferential depth, which is the profoundness and durable accuracy of insights,” says Ashby Monk.
This handbook provides an insightful set of articles on the impact of economics and game theory on the development of structures to solve market design problems. Bringing together the latest research in this growing field, the editors provide a detailed overview on how market mechanisms can be used to solve problems of matching and exchange.
Tony Davila and Marc J. Epstein lay out a systematic approach for dealing with “creative destruction,” or disruptive innovation, via the “Startup Corporation,” a separate entity within a larger company used to spur revolutionary innovation. Although written for managers who wish to inspire their employees to create breakthrough innovations, the book has implications for investors as well.
Achieving innovation in financial products is inseparably connected to meeting investor targets and investor needs. Therefore, without an understanding of investor needs, there can be no effective innovation.