Book Review: The Synergy Solution
The Synergy Solution: How Companies Win the Mergers and Acquisitions Game. 2022. Mark L. Sirower and Jeffery M. Weirens. Harvard Business Review Press. “Poorly planned and ...
equities
Portfolio Diversification: Harder Than It Used to Be?
“One of the most vexing problems in investment management is that diversification seems to disappear when investors need it the most.” — Sébastien Page , CFA, and Robert A. ...
Why Invest in Stocks? | CFA Institute Enterprising Investor
Aren’t They Risky? Many financial pundits assume so, and in terms of volatility and the risk of permanent principal impairment, they’re right. But contrary to popular perception, ...
Lessons in Behavioral Bias: The COVID-19 Equity Markets
The stock markets over the last two years have been variously nerve-racking and exhilarating depending on who you ask and when. But for behavioral finance aficionados, the ...
Tell Me a Story: Aswath Damodaran on Valuing Young Companies
Aswath Damodaran doesn’t care how rigorous our valuation methods are. The greatest challenge in valuing companies isn’t coming up with better metrics or models. It’s dealing with ...
Renewable Energy Funds: Through a Gender Lens
Climate crises disproportionately affect women and girls across all demographics, but especially in developing economies. Subject to persistently higher poverty (and extreme poverty) ...
The Equity Advantage: Reinvestment of Earnings
Equities can compound in value in a way that investments in bonds, real estate, and other asset classes cannot: Companies can distribute anywhere from 0% to 100% of their profits to ...
Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?
Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that ...
Equity Risk Premium Forum: Term Structure, Mean Reversion, and CAPE Reconsidered
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, ...
Fundamental Value Revisited? Three Investing Tips for “Absolutely Crazy” Conditions
“We all know the importance of fundamentals and fundamental value,” Brian Singer, CFA, said at the Alpha Summit GLOBAL by CFA Institute this past May. “ what do we do in an ...
Equity Risk Premium Forum: Gloom Looms?
For more insights on the equity risk premium (ERP) from Rob Arnott, Cliff Asness, Mary Ida Compton, Elroy Dimson, William N. Goetzmann, Roger G. Ibbotson, Antti Ilmanen, Martin ...
Book Review: The Case for Long-Term Value Investing
The Case for Long-Term Value Investing: A Guide to the Data and Strategies That Drive Stock Market Success. 2022. Jim Cullen. Harriman House. The bright yellow dustjacket of ...
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