Author: Joachim Klement, CFA

[ad_1] What does it take to succeed in business and investing? Differentiation is among the key ingredients. To be successful in your business, you need to offer a product that…

[ad_1] Today, diversification and alternative returns are our top portfolio concerns. Why? Because low interest rates may have driven valuations of stocks, bonds, and other asset classes to unsustainable heights,…

[ad_1] It’s January and strategists and economists are busy announcing their forecasts for 2020. Like every year, there’ll be plenty of mainstream predictions telling us everything is going to be…

[ad_1] I rewatched the Orson Welles docudrama F for Fake the other day. The 1973 film is an exploration of what is fake and what is real in the art world. I was curious…

[ad_1] Imagine an artificial intelligence (AI) that was built to do one task: Manufacture as many paper clips as possible. In the beginning, the AI uses the existing resources of…

[ad_1] How do you manage a company from a stakeholder value maximization perspective? After I wrote about the excesses of shareholder value maximization, a reader asked me if I knew of…

[ad_1] As we move past what we hope is the peak of the COVID-19 pandemic, the focus of investors is shifting from the immediate economic damage to the way out…

[ad_1] “But is it significant?” That’s always one of the first questions researchers in economics and finance are asked. It is an interesting contrast to: “Does it matter?” The Cult of Statistical…

[ad_1] “When the facts change, I change my mind. What do you do?” — John Maynard Keynes (Apocryphal) One of the things I admire most in people is when they…

[ad_1] We’re in the midst of another US presidential election. And as we do every four years, we’ll hear talk about the presidential cycle and why Republicans, because of their…

[ad_1] I see charts of central bank balance sheets everywhere. Maybe it’s because I am so adamant that quantitative easing (QE) isn’t going to create inflation that I notice them…

[ad_1] The average analyst does not add value. This is something all investors know for a fact: Following analyst buy or sell recommendations isn’t going to lead to outperformance in…

[ad_1] Joachim Klement, CFA, is the author most recently of Geo-Economics: The Interplay between Geopolitics, Economics, and Investments from the CFA Institute Research Foundation. There are two often-repeated critiques of…

[ad_1] By now, another GameStop-related opinion piece about how retail traders ruined short sellers and cost hedge funds a reported $23.6 billion is probably the last thing you want to…

[ad_1] “The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of…

[ad_1] A few months ago, the Gordon and Betty Moore Foundation and SRI-Connect approached my employer Liberum to write a report on how animal pandemics can affect the global food…

[ad_1] Time and again throughout my career I have ranted about the nonsense of benchmarking in all its forms. By now I have given up on the hope that business…

[ad_1] A new investment style has proliferated over the last decade or so: the copycat investor. The basic idea is always the same. Look at the quarterly reports of prominent…

[ad_1] Some time ago, I wrote about grit as a vital characteristic for investors. That triggered some email exchanges with younger readers who are at earlier career stages than financial…

[ad_1] For more reading on inflation, check out Puzzles of Inflation, Money, and Debt by Thomas S. Coleman, Bryan J. Oliver, and Laurence B. Siegel from the CFA Institute Research Foundation. As most of us in…

[ad_1] Earlier this year, I wrote about an experiment performed by some researchers at Dartmouth College who let reindeer pick stocks from the Wall Street Journal. The reindeer did quite…

[ad_1] 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…

[ad_1] What happens when quantum computers become reality? One of my favorite moments at a cryptocurrency seminar last year was when someone asked that question. The response was dead silence.…

[ad_1] Joachim Klement, CFA, is the author of Geo-Economics: The Interplay between Geopolitics, Economics, and Investments from the CFA Institute Research Foundation. In response to its invasion of Ukraine, Russia…

[ad_1] Joachim Klement, CFA, is the author of Geo-Economics: The Interplay between Geopolitics, Economics, and Investments from the CFA Institute Research Foundation. The war in Ukraine is dominating the headlines. For now. But…