Four Considerations for Strong Investment Policy Statements
An investment policy statement (IPS) can be one of the most important documents for individual and institutional investors alike. Yet not all IPSs are of the same quality. Which of…
An investment policy statement (IPS) can be one of the most important documents for individual and institutional investors alike. Yet not all IPSs are of the same quality. Which of…
Introduction Diversify, reduce fees, avoid active trading, and keep it simple. Most investors would be well-served by following the above framework. But while easy to recommend, this rubric is rather…
21st Century Investing: Redirecting Financial Strategies to Drive Systems Change. 2021. William Burckart and Steve Lydenberg, CFA. Berrett-Koehler Publishers, Inc. Responsible investing, sustainable investing, impact investing, social investing, ethical investing,…
“Be still indebted to somebody or other, that there may be somebody always to pray for you, [. . .] fearing, if fortune should deal crossly with you, that it…
After the capital asset pricing model (CAPM) was developed in the 1960s and 1970s, financial researchers started to test how well this theoretical model actually worked in the real world.…
Central banks took a huge leap on the road to direct market intervention in 2020. All developed market central banks added direct purchases of corporate bonds to their quantitative easing…
In private equity (PE), there are more ways to calculate the alpha of a portfolio or fund than any other asset class. And in no sector other than private markets…
Warren Buffett: Inside the Ultimate Money Mind. 2021. Robert G. Hagstrom, CFA. Wiley & Sons. Over the past two decades, Robert G. Hagstrom, CFA, has written several books about Warren…
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…
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…