Investing

[ad_1] Undiversified: The Big Gender Short in Investment Management. 2021. Ellen Carr and Katrina Dudley, CFA. Columbia University Press. Columbia Business School Publishing. The authors astutely grab their title from a core principle of investing — diversification. Readers immediately think of the consequences of undiversified investment portfolios and quickly get […]

[ad_1] Private markets’ meteoric growth since the Global Financial Crisis has attracted the attention of regulators around the world, some of whom have reacted with urgency. Interestingly, the US courts recently vacated sweeping and controversial rules for private fund advisers that were adopted by the Securities and Exchange Commission (SEC). […]

[ad_1] My Value Creation Journey: An Autobiography of My Work. Bartley J. Madden. ‎2023. Bartley J. Madden Foundation. My Value Creation Journey, by Bartley J. Madden, is a unique book that consists of a memoir, a primer on systems thinking and knowledge creation, and a call to reform the medical […]

[ad_1] As the most followed CFA charterholder on LinkedIn, Eric Sim, CFA, has expertly leveraged social media to connect with other professionals, build his personal brand, and advance his career. In the How to Master Social Media series, adapted from his recent book Small Actions: Leading Your Career to Big Success, Sim shares […]

[ad_1] The relationship between capitalization rates (cap rates) and interest rates is more nuanced than first meets the eye. Understanding their interplay is a cornerstone of real estate investment analysis. In this blog post, we dissect historical data, discuss current opportunities, and forecast real estate valuations for the second half […]

[ad_1] The following is adapted from the “Women and Finance: The 2022 Rich Thinking Quantitative Survey Findings” report by Barbara Stewart, CFA, and Duncan Stewart CFA. Given all the changes in investing behavior I was seeing as I conducted my interviews over the past couple of years, I wanted to […]

[ad_1] Perception does not always match reality. We suspected this may be the case when it comes to the widely held belief that Bitcoin is considerably more volatile than other asset classes. We tested our theory by revisiting Mieszko Mazur’s 2022 paper, “Misperceptions of Bitcoin Volatility.” In this blog post, […]

[ad_1] Economics is an endeavor where progress can feel awfully slow. In the hard sciences — physics, chemistry, biology, and the like — experiments and data can and do settle debates once and for all. But in economics and finance, theories often linger on for decades even as the empirical […]

[ad_1] It is widely understood that psychological factors such as perceptions and herd mentality can significantly influence stock market dynamics and precipitate speculative bubbles and abrupt market corrections. Less appreciated is the fact that the foreign exchange (FX) market is equally susceptible to such risks and perhaps more so in […]

[ad_1] Eugene F. Fama and Kenneth R. French introduced their three-factor model augmenting the capital asset pricing model (CAPM) nearly three decades ago. They proposed two factors in addition to CAPM to explain asset returns: small minus big (SMB), which represents the return spread between small- and large-cap stocks, and […]