Fundamental Value Revisited? Three Investing Tips for “Absolutely Crazy” Conditions
“We all know the importance of fundamentals and fundamental value,” Brian Singer, CFA, said at the Alpha Summit GLOBAL by CFA Institute this past May. “ what do we do…
COVID-19 Correlations: Local Cases, Local Returns?
That local mood affects local stock returns is a longstanding truism of the financial markets. Numerous behavioral studies back this up. When a sports teams loses, for example, the stocks…
Book Review: The Future of Money
The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance. 2021. Eswar S. Prasad. The Belknap Press of Harvard University Press. Today, you can’t turn on the…
Pensions, Crypto, and Trust: Digital Assets and Retirement Funds
Retirement planning is the primary objective of retail investors. Indeed, 47% of respondents in the 2022 CFA Institute Investor Trust Study indicated saving for retirement was their most important investment…
“Round-Tripping” Stocks and the Absurdity of Hedge Fund Fees
Hedge fund performance fees, I believe, are a rip-off for clients. Few phenomena illustrate this better than “round-tripping” stocks. These are stocks that, over the course of several years, for…
Book Review: Convertible Securities – CFA Institute Enterprising Investor
Convertible Securities: A Complete Guide to Investment and Corporate Financing Strategies. 2022. Tracy V. Maitland, F. Barry Nelson, CFA, and Daniel G. Partlow. McGraw Hill. Professionals who contemplate investing in,…
Equity Risk Premium Forum: Term Structure, Mean Reversion, and CAPE Reconsidered
For more insights on the equity risk premium from Rob Arnott, Cliff Asness, Mary Ida Compton, Elroy Dimson, William N. Goetzmann, Roger G. Ibbotson, Antti Ilmanen, Martin Leibowitz, Rajnish Mehra,…
Women’s Wealth and Technology: Three Themes for the Future
How will technology influence women’s wealth in the years ahead? I participated in a dynamic panel discussion on VoiceAmerica Business Channel: Technology Revolution Radio, hosted by Bonnie D. Graham on…
Navigating Systemic Risks: Ukraine, Climate, and Crypto
“You cannot anticipate exactly how these risks or dangers are going to play out. . . . But we should be pretty assertive in insisting that we need certain principles,…
Angela Duckworth: The Power of Grit
What’s more important to success — talent or effort? Most of us would say talent. But according to psychologist and bestselling author Angela Duckworth, most of us would be completely…
