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…
Book Review: The Revolution That Wasn’t
The Revolution That Wasn’t: Gamestop, Reddit, and the Fleecing of Small Investors. 2022. Spencer Jakab. Penguin Random House. In The Revolution That Wasn’t: GameStop, Reddit, and the Fleecing of Small…
Cochrane and Coleman: How Do You Solve Inflation?
“ says that prices and inflation depend not on money alone . . . but on the overall liabilities of the government — money and bonds. In other words, inflation…
Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?
Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act…
Crypto Tokens: Does Security Selection Matter?
Introduction A falling stock market is not bad for everyone. Sure, many investors lose out as their portfolios decline in value, but those who are just starting to invest or…
From No to Yes: Persuading Clients with the 3Ps Method
The following is adapted from the recent book Small Actions: Leading Your Career to Big Success, by Eric Sim, CFA, and Simon Mortlock. Nobody likes rejection. Which is why, over the…
Economic Value of Equity (EVE): Protection from Rising Interest Rates
Faced with rampant inflation, central banks worldwide are raising interest rates. In June, the US Federal Reserve announced its largest hike since 1994. The previous month, the Bank of England…
