Have you ever dreamed of becoming a professional athlete? Perhaps you fantasized about playing in the National Basketball Association (NBA) alongside legends like Michael Jordan? Chances are, if you have,…
The coronavirus pandemic has flipped the world over and with it the fundamental nature of stock price movements. Since equity markets hit their peak back on 20 February 2020, the…
Finance is in the midst of a revolution. Processes are being digitized. Decisions are becoming increasingly data-driven and approached from the bottom up. Artificial intelligence (AI) is taking care of…
Smart(er) Investing: How Academic Insights Propel the Savvy Investor. 2019. Elisabetta Basilico, PhD, CFA, and Tommi Johnsen, PhD, Palgrave Macmillan. Editor’s Note: The reviewer and the primary author of the…
What impact does cost have on public pension fund performance? Quite a dramatic one, it turns out. I looked at the diversification, performance, and cost of operating large public pension…
“So long as the bosses pretend to pay us, we will pretend to work.” That old joke among workers in the Soviet Union continues to resonate today, albeit in an…
Do active funds outperform their passive counterparts? From the 1970s, when passive funds first launched, up until today, when their assets under management (AUM) have overtaken those of active funds,…
“But is it significant?” That’s always one of the first questions researchers in economics and finance are asked. It is an interesting contrast to: “Does it matter?” The Cult of Statistical Significance by…
Susan Spinner, CFA, recently interviewed Rhodri Preece, CFA, about “Earning Investors’ Trust,” the new study from CFA Institute. For a long time, many financial sector actors believed in a truncated…
The golden age of fixed income is over. The days when investors could rely on traditional bonds as safe, income-producing securities that hedge equity risk and deliver returns that keep…