ESG Criteria: Global Asset Managers Expand Their Embrace
The number of environmental, social, and governance (ESG) benchmarks and indexes demanded by the asset management community has grown at an unprecedented rate over the past two years. That’s according…
How to Talk to Clients about Inflation
As financial advisers, clients often come to us with various questions about GDP, unemployment, interest rates, consumer consumption, and how these numbers can affect the market and their investments. I…
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…
