For far too long, the investment industry has failed to recognize the distinction between personal and market perceptions of securities, even though this distinction is at least as important as the fundamental analysis we perform and is absolutely essential to active management.
Crises create challenges and spark debates that give us mirrors for introspection. Among the many important issues that arose from the 2008 financial crisis is the ever growing focus on short-termism in financial markets.
Is it time to put conversations about inflation risk on the back burner? Questions like this illustrate a major flaw in the way many investors approach protecting their portfolios against inflation risk: Discussion starts only after rising inflation is already a problem and inflation hedges are expensive.
Today, it's hard to remember Enron as anything but a classic example of hubris and fraud. But the market didn't always know that. A recently revealed Bear Stearns research note shows just what the market thought of Enron in the heady days of early 2001.
Following the announcement of Princeton economist Angus Deaton's Nobel Prize, we asked CFA Institute Financial NewsBrief readers which recipient of the Sveriges Riksbank Prize in Economic Sciences and CFA Institute conference attendee had made the most positive impact on the investment industry.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.