Frankenstein’s Index Fund – CFA Institute Enterprising Investor
Arthur Frankenstein did not set out to create a monster. He had the best scientific intentions. He hoped to create a living being from, well, body parts. As Mary Shelley’s story ...
CFA
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, ...
Book Review: Asset Allocation | CFA Institute Enterprising Investor
Asset Allocation: From Theory to Practice and Beyond, Second Edition. 2021. William Kinlaw, CFA, Mark Kritzman, CFA, and David Turkington, CFA. Wiley. To build a robust ...
Scenario Planning and Net-Zero | CFA Institute Enterprising Investor
“A forecast is a prediction; we’re saying what we think will happen. A scenario is different . . . it generally looks much further out and is trying to build a picture of the future ...
Extremely Successful? Extremely Lucky! | CFA Institute Enterprising Investor
People who are extremely successful in business or investing tend to think of themselves as more skilled and hard working than the average person. No doubt they are on some level, ...
Book Review: Convertible Securities | CFA Institute Enterprising Investor
Convertible Securities: A Complete Guide to Investment and Corporate Financing Strategies. 2022. Tracy V. Maitland, F. Barry Nelson, CFA, and Daniel G. Partlow. McGraw Hill. ...
Book Review: Demographics Unravelled | CFA Institute Enterprising Investor
Demographics Unravelled: How Demographics Affect and Influence Every Aspect of Economics, Finance and Policy. 2021. Amlan Roy. Wiley. Demographics are destiny. This cliché ...
Evaluating Benchmark Misfit Risk | CFA Institute Enterprising Investor
This article is adapted from a version originally published in the fall issue of The Journal of Performance Measurement®. Overview Investment management is a three-part ...
ESG (In)Efficiency | CFA Institute Enterprising Investor
Passive environmental, social, and governance (ESG) investing has become increasingly active. It’s time for a rethink. Assets have poured into passive ESG indexes in recent years. ...
A US GDP-Weighted Index? | CFA Institute Enterprising Investor
Index fund investors have various choices when selecting the weighting style of the funds they hold. There are market cap-weighted indices like the S&P 500 and the Russell ...