A Natural Capital Approach to Sustainable Investing: A Tribute to Pitta
Goodbye, Pitta It was a sunny afternoon when I dropped off the beautiful bird in a wooded park in the middle of a concrete jungle of a city. The pitta…
Cochrane and Coleman: Quantitative Easing and Asset Price Dynamics
“If exchanging money for short-term debt has no effect, it follows inescapably that giving banks more money is exactly the same as giving them short-term debt. All that quantitative easing…
Powell Prescribes More Economic Pain: Three Financial History Lessons Support His Diagnosis
“Our monetary policy deliberations and decisions build on what we have learned about inflation dynamics both from the high and volatile inflation of the 1970s and 1980s, and from the…
Book Review: The Case for Long-Term Value Investing
The Case for Long-Term Value Investing: A Guide to the Data and Strategies That Drive Stock Market Success. 2022. Jim Cullen. Harriman House. The bright yellow dustjacket of Jim Cullen’s…
Demand Destruction? Two Reasons to Be Skeptical
Demand Destruction ≠ Disinflation Global central banks have made an “all-in” effort to front-load policy tightening to dampen demand. But softer economic data in the United States and the eurozone…
A Tale of Two Suits: The Three Capitals of Career Success
What are the keys to a successful finance career? Eric Sim, CFA, has thought about that question a lot. As a university lecturer and author, he had to give his…
Equity Risk Premium Forum: Gloom Looms?
For more insights on the equity risk premium (ERP) from Rob Arnott, Cliff Asness, Mary Ida Compton, Elroy Dimson, William N. Goetzmann, Roger G. Ibbotson, Antti Ilmanen, Martin Leibowitz, Rajnish…
Machine Learning Algorithms and Training Methods: A Decision-Making Flowchart
Machine learning is set to transform investment management. Yet many investment professionals are still building their understanding of how machine learning works and how to apply it. With that in…
Outperformance Ain’t Alpha | CFA Institute Enterprising Investor
Introduction Around 90% of US drivers rate themselves as safer and more skillful than average. Obviously, such perceptions do not reflect reality. After all, 9 out of 10 people can’t…
The Eye of the Storm: The Fed, Inflation, and the Ides of October
The eye of a hurricane is a deceivingly perilous place. Those lucky enough to enter it unscathed may enjoy a well-deserved respite, but the blue skies and calm winds also…
