13 Charts: High Yield Today

The standard joke about high-yield bonds is that they’re not high yield any longer. People started…

The Impact of Single Stocks on Factor Returns

The famous FAANG quintet of Facebook, Amazon, Apple, Netflix, and Google has driven much of the…

Measuring Financial Literacy Outreach Efforts and Why It Matters

Efforts to improve financial literacy are critical. But how do we know if these efforts work?…

The Knowing-Doing Gap in Behavioral Finance

Why do professional investors talk about behavioral finance more than they apply its insights to achieve…

Top Five Articles from June: Kahneman, India, the Kelly Criterion Reevaluated

1. Daniel Kahneman: Four Keys to Better Decision Making “Regret is probably the greatest enemy of good…

Don’t Underestimate South Africa’s Wealth Market

South Africa is renowned for its stunning landscape, spectacular wildlife, vibrant cities, and epic political history.…

Weekend Reads: Pickleball, Pythagoras’s Theorem, and Pandemics

Pop quiz: What’s the fastest-growing sport in the United States? Three. Two. One. Go! Pat yourself…

Zeitgeist: Why It Matters to Advisers and Investors

The word “zeitgeist” means “the defining spirit or mood of a particular period of history as shown…

Skill Ratio vs. Information Ratio

Following the introduction of the Skill Ratio, it’s worth exploring how it differs from the information…

You May Beat an Algorithm Today. What about Tomorrow?

Technology will upend the way investment decisions are made. How should investment decision makers respond? This…

From Black Monday to BlackRock: Is Tech the Key to Crypto Dominance?

On Monday, 19 October 1987, stock markets crashed around the world It began in Hong Kong…

How Can Investment Professionals Build Trust?

Trust forms the basis for most social relationships and is especially foundational to those between clients…

Portugal and the New Economy in Europe

Portugal’s resurgence from the economic crisis over the past few years has been nothing short of…

Forest Crimes: Are Investors Aware of Related Financial Risks?

This article draws upon a six-month legal review process involving finance professionals and experts in US…

Canadian ETFs: Capturing Investors’ Mind Space

Ever since Toronto 35 Index Participation Units (TIPs 35) went up for sale in 1990, Canada has played…

Should RIAs Change Their Business Model?

There is nothing like solid returns in the financial markets to boost revenues and profits at…

Weekend Reads for Investors: Slight Hangover Edition

By now you know that the Swiss voted down the proposal to end fractional reserve banking…

Effective ESG Investing: An Interview with Andrew Parry

About $23 trillion in total global assets was professionally managed under environmental, social, and governance (ESG) strategies…

The Kelly Criterion: You Don’t Know the Half of It

Despite expending substantial resources on a formal financial education, I did not encounter the Kelly criterion…

Book Review: Keeping Your Dividend Edge

Keeping Your Dividend Edge: Strategies for Growing and Protecting Your Dividends. 2016. Todd Wenning, CFA. In Keeping Your Dividend…

In Practice Summary: Reassessing the Drivers of Commodity Futures Returns

Ever louder warnings that US stocks are now improbably overpriced on many measures have fired up…

Cryptocurrencies: What Is Blockchain?

This is the second installment in the Cryptocurrenices series. It explores how blockchain technology works and…

Daniel Kahneman: Four Keys to Better Decision Making

Nobel laureate Daniel Kahneman has transformed the fields of economics and investing. At their most basic, his…

Eight Charts: India Ascendant

India’s economy will experience the ordinary progress of a century over the next decade. That sentence…

What Does Loss Aversion Mean for Investors? Not Much

Daniel Kahneman, a winner of the 2002 Nobel Prize in Economics, wrote that “The concept of…

ETFs: The New Manifest Destiny?

Assets in exchange-traded funds (ETFs) have soared across the globe in recent years, eclipsing the $4.5-trillion mark…

Inflating Equity: Inflation’s Impact on Financial Statements and ROE

You turn on the financial news channel one morning to find the S&P 500 has soared…

Weekend Reads from India: Bull-Bear Bet, Tversky’s Take

Are you bullish or bearish on India? This is a natural question to debate for anyone…

Top Five Articles from May: Chart Crimes, Investing Lessons from Mom, and the Invisible Octopus

Posted In: Drivers of Value, Economics, Equity Investments, Fixed Income, History & Geopolitics, Leadership, Management &…

What Can Save Capitalism from a Medici Cycle?

Can truly free markets be protected from government interference? According to Luigi Zingales of the University…

Top 10 Steven Eisman Quotes from Hong Kong

Steven Eisman of The Big Short fame delivered an hour’s worth of pithy and insightful comments…

Weekend Reads: Fireflies, Theranos, Ritholtz Recommendations

“Wake now, discover that you are the song that the morning brings” — “Eyes of the…

Financial Misconduct Trends: Conflicts of Interest and False Performance Claims

The public’s faith in the financial services industry has been sorely tested over the last decade.…

Chinese Government Bonds: The Elephant in the Room

China’s government fixed-income market constitutes a US $12-trillion opportunity. Indeed, the growing investable opportunity in Chinese…

Why Everyone Hates Finance and What to Do about It

Finance can be a noble profession, yet too many people don’t see it that way. Mihir…

The Robots Are Coming! The Robots Are Coming!

Yes, the robots are coming, but they are not conquering the planet anytime soon — even if that’s what…