Investing

[ad_1] “If exchanging money [interest-paying reserves] 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 (QE) does is to restructure the maturity of US government debt in private hands.” — John H. […]

[ad_1] Posted In: Behavioral Finance, Drivers of Value, Economics, Leadership, Management & Communication Skills, Portfolio Management Editor’s Note: In memory of Daniel Kahneman, we have reposted this Enterprising Investor article which shares insights from his presentation at the 2018 CFA Institute Annual Conference. Nobel laureate Daniel Kahneman transformed the fields of economics and investing. At […]

[ad_1] 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 bird is a rare sight in tropical forests, even to the trained eyes of birdwatchers. Yet there she was […]

[ad_1] The surge of retail investor activity in public markets is a well-documented phenomenon. Digital brokerage platforms and online learning channels are the primary drivers. They often give users the illusion that they can compete with large institutional investors and capitalize on market volatility. Retail investors comprised 25% of total […]

[ad_1] 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 like to be prepared and have the current figures ready for my clients as well as the context to […]

[ad_1] Wise investors should keep their eyes fixed on India and its booming startup ecosystem, which is the third largest as of 2024. Since Prime Minister Shri Narendra Modi began the Startup India initiative in January 2016, funding for the country’s startups has increased 15-fold. The coming year promises even […]

[ad_1] 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 to our latest survey of Index Industry Association (IIA) members. Unpacking these high-level numbers, ESG indexes have expanded beyond […]

[ad_1] 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, Thomas Philips, and Jeremy Siegel, check out Revisiting the Equity Risk Premium, from CFA Institute Research Foundation. “Some form of money […]

[ad_1] Editor’s Note: This is the first in a series of articles that challenge the conventional wisdom that stocks always outperform bonds over the long term and that a negative correlation between bonds and stocks leads to effective diversification. In it, Edward McQuarrie draws from his research analyzing US stock […]

[ad_1] “This is a time of testing — a testing not only of our capacity collectively to reach coherent and intelligent policies, but to stick with them.” — Paul Volcker, 9 October 1979 Paul Volcker and his colleagues on the Federal Open Market Committee (FOMC) deserve praise for sticking to […]