[ad_1] “As we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say, we know there are some things we do not know. But there are also unknown unknowns — the ones we don’t know we don’t […]
Investing
[ad_1] “Meme stocks” are a risky bunch. Prone to wild and unpredictable swings based on rumors and internet message board discussions, they are traded mostly by retail investors in search of the next big thing and with little regard for valuation models or the business’s underlying fundamentals. While the movements […]
[ad_1] Algo Bots and the Law: Technology, Automation, and the Regulation of Futures and Other Derivatives. 2020. Gregory Scopino. Cambridge University Press. Derivative trading technology has exploded in sophistication since the Great Financial Crisis, thanks to algorithms and electronic execution. The futures open outcry market is becoming a distant memory, […]
[ad_1] US inflation has risen rapidly amid pandemic-related lockdowns, supply chain difficulties, and speculation. This jump should ease out gradually as these disruptions diminish over time. Nevertheless, this reduced inflation may still be too high to shield those consumers who have been adversely affected by coronavirus-inspired economic disruptions. Pre-Pandemic Inflation […]
[ad_1] Eric Sim, CFA, does not have a “neat” career trajectory. His professional path has had more than its share of forks, pivots, failures, and rebirths. And that idiosyncratic track may in part explain why he occupies such a singular place in finance today. Former UBS managing director, finance professor, […]
[ad_1] Time and again throughout my career I have ranted about the nonsense of benchmarking in all its forms. By now I have given up on the hope that business and investing will ever leave the practice behind, so I don’t expect this post to change anything except to make […]
[ad_1] “We don’t think we were wrong. We think we were early.” A cringe-worthy answer that rings alarm bells for investment consultants. Higher inflation, increased market volatility, and more variable nominal interest rates are significant opportunities for active managers who can demonstrate their value with differentiated, customer-centric products. But with […]
[ad_1] In the first installment of my interview with Vineer Bhansali, the author of The Incredible Upside-Down Fixed-Income Market from the CFA Institute Research Foundation, we addressed the underlying implications of negative-yielding bonds, whether they constituted a net negative or positive. While Bhansali, who is also CIO of LongTail Alpha, […]
[ad_1] How does an organization attract and engage its various stakeholders? An inspiring purpose articulated in a mission statement may be one of the most effective methods. The author Simon Sinek presents an even simpler concept in his book Start with Why. Sinek believes that what differentiates great leaders, companies, […]