Highlights from the past month include a critique of the war on cash by Ron Rimkus, CFA; the future of blockchain technology as explored by Larry Cao, CFA; a review of an Antti Ilmanen presentation by Mark Harrison, CFA; an analysis of how investors can add value through meditation by Jason Voss, CFA; and an update on the 2017 regtech revolution from April J. Rudin.
Recently, there has been a global movement toward eliminating cash, Ron Rimkus, CFA, observes. It sounds strange, almost bizarre. Who exactly wants to eliminate cash? Why? What would we do without it? Rimkus explores these questions as well as the most critical one of all: Is it good for his mom?
The end of the year is a good time to look back and take stock. What Enterprising Investor articles did readers find most compelling in 2016? The results are illuminating. Our top content runs the gamut from the granular — tightly focused, practice-oriented material on starting a firm and what to read to stay informed — to more "big picture" analysis on negative interest rates and the ongoing active vs. passive debate. Taken together, they reflect the currents at work in the investment management profession at both the system-wide and individualized levels.
Highlights from last month include tips on how to effectively read financial news by Robert J. Martorana, CFA; James Grant's opinion of negative interest rates; a discussion of Marc Faber's take on the recent shifts in the global balance of economic power by Ron Rimkus, CFA; and the four main skill sets and one big realization that make up intelligence training, by Nathan Jaye, CFA.
“Radical monetary policy begets more radical policy,” says James Grant. “It seems to me at some point markets or voters will put a stop to this.”
Highlights from last month include examinations of the CAPE ratio and forward P/E earnings by Joachim Klement, CFA; Matthew Borin's analysis of a recent Take 15 talk with Dan Ariely; an interview with C. Thomas Howard about the state of active management by Jason Voss, CFA; and a somewhat alarming take on the long-term implications of the low interest rate environment on the viability of banks and insurance companies by David Schawel, CFA.
In the current low-rate environment, there is reason to wonder about the viability of banks, insurance companies, and indeed any institution that generally depends on the spread between long- and short-dated liabilities for its profits, says David Schawel, CFA.
Jason Voss, CFA, provides his choices for Weekend Reads for Investors. This edition discusses the decline of US productivity, the little-known but important Sykes-Picot Agreement, and sleeping trees.
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