Book Review: These Are the Plunderers
These Are the Plunderers: How Private Equity Runs — and Wrecks — America. 2023. Gretchen Morgenson and Joshua Rosner. Simon & Schuster. In 1970, Milton Friedman penned an ...
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Book Review: Plunder | CFA Institute Enterprising Investor
Plunder: Private Equity’s Plan to Pillage America. 2023. Brendan Ballou. PublicAffairs. People stop in their tracks when they see the cover of the book I’m reading — Plunder — ...
The FX Swap Market: Growing in the Shadows
Introduction The foreign exchange (FX) swap market generates almost $4 trillion in new contracts on any given day. To put that in perspective, imagine global equities had a daily ...
Research and Policy Center Five Most Popular Articles of 2023: Future of the Profession
Future State of the Investment Industry draws the most clicks in 2023. The CFA Institute Research and Policy Center (RPC) focuses on four forward-looking research themes to drive ...
Research and Policy Center Five Most Popular Articles of 2023: Sustainability
Readers clicked most on “Applying Economics — Not Gut Feel — to ESG” by Alex Edmans in 2023. The CFA Institute Research and Policy Center (RPC) focuses on four forward-looking ...
Top 10 Posts from 2023: The 10 Greatest Investors, ChatGPT, and the Active Management Delusion
1. The 10 Greatest US Investors and the Virtues That Made Them Who are the greatest investors of all time? Andrew Mitchell, founder of Ophir Asset Management, asked ChatGPT to ...
Private Equity at a Crossroads: A Conversation with Ludovic Phalippou
Ludovic Phalippou, PhD, Professor of Financial Economics at Oxford University, has become one of the most closely followed and debated voices in private equity. His articles on ...
The Unspoken Conflict of Interest at the Heart of Investment Consulting
Mark J. Higgins, CFA, CFP, is the author of Investing in U.S. Financial History: Understanding the Past to Forecast the Future from Greenleaf Book Group Press. After World War ...
AI Bias by Design: What the Claude Prompt Leak Reveals for Investment Professionals
The promise of generative AI is speed and scale, but the hidden cost may be analytical distortion. A leaked system prompt from Anthropic’s Claude model reveals how even well-tuned AI ...
Plan Sponsor Priorities for 2024: A Seven-Item Checklist
Defined contribution (DC) plans are among the most common ways for US workers to save for retirement. US DC plan programs totaled $9.6 trillion in assets as of the third quarter of ...
Mike Tang, CFA, CPA, on Spin-Off Listings in Hong Kong SAR
Capital markets in Hong Kong SAR are buzzing with activity in 2024. Mainland China’s largest freshly made bubble tea chain, Mixue Bingcheng, applied for an initial public ...
AI’s Carbon Footprint: Balancing Innovation with Sustainability
In the ever-evolving landscape of artificial intelligence (AI), the trends point toward an insatiable appetite for larger, more powerful models. Large language models (LLMs) have ...
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