Myth-Busting: ETFs Are Eating the World
Introduction “Software is eating the world.” The venture capitalist Marc Andreessen wrote these words back in 2011. From today’s perspective, with companies like Alphabet, Microsoft, and Meta dominating the stock…
Investing’s First Principles: The Discounted Cash Flow Model
Brian Michael Nelson, CFA, is the author of Value Trap: Theory of Universal Valuation. “People’s thinking process is too bound by convention or analogy to prior experiences. It’s rare that…
Book Review: Expectations Investing
Expectations Investing: Reading Stock Prices for Better Returns. 2021 – Revised and Updated. Michael J. Mauboussin and Alfred Rappaport. Columbia Business School Publishing. Expectations Investing: Reading Stock Prices for Better…
The S-Curve: Bending the J-Curve in Private Equity
The J-curve narrative in private equity (PE) investments has accompanied the growth of private markets up to the present. That narrative deserves a quiet obsolescence. Here’s why. The J-Curve Private…
Fama and French: The Five-Factor Model Revisited
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…
Progress in Economics
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…
Women and Investing: Six Questions Answered
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…
How to Master Social Media: Five Tips for Writing Well
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…
Book Review: Undiversified
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…
Top 10 Posts from 2021: The Buffett Indicator, GameStop, Inflation!
Posted In: Best Of, Careers, Coronavirus, Drivers of Value, Economics, Equity Investments, History & Geopolitics, Leadership, Management & Communication Skills, Performance Measurement & Evaluation, Philosophy, Portfolio Management, Risk Management, Standards,…