Economic Value of Equity (EVE): Protection from Rising Interest Rates
CFA Institute
JULY 7, 2022
Economic value of equity (EVE) can help determine how well a company can weather interest rate hikes.
The Private Capital Wealth Equation, Part 2: The Economics Variable
CFA Institute
JUNE 15, 2022
The performance of alternative asset managers is encapsulated in the formula: Wealth = Controls + Economics. Here, we outline the economics component of the equation.
Economics 
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The Growth Architect: How Financial Leaders are Unlocking Potential
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Robert J. Shiller on Bubbles, Reflexivity, and Narrative Economics
CFA Institute
JANUARY 6, 2019
Shiller has shown remarkable prescience over the years. And with talk of inverted yield curves, overvalued stock markets, and imminent recession, the present struck us as an opportune time to see what was on his mind.
Economics 91
91 
Building a CAPM That Works: What It Means for Today’s Markets
CFA Institute
MAY 24, 2022
The capital asset pricing model (CAPM) is a marvel of economic scholarship. The problem is that it doesn’t always work in practice. So, we fixed it.
Marketing 133
133 
Book Review: How Novelty and Narratives Drive the Stock Market
CFA Institute
FEBRUARY 17, 2022
This detailed stock market study attempts to extend Robert Shiller’s development of narrative economics.
Marketing 93
93 
The Path Ahead: Insights on the Economic Recovery
CFA Institute
SEPTEMBER 13, 2020
Despite the shock reverberating through the global economy, equity prices have maintained their upward trajectory. What explains this disconnect?
Economics 52
52 
Performance Metrics
Beacon CFO Plus
OCTOBER 11, 2022
The substantive issue behind this challenge is how to effectively measure performance in an environment that does not lend itself to hard and fast metrics. The fact is that no performance measurement will be perfect across every section of an organization. Communicating often. Norton and Robert S. Your delivery teams?
Fulfilling CFOs' future roles
Future CFO
AUGUST 7, 2024
Partnering with other C-suites executives To be able to adapt with the shifts, Ho takes note of the fact that CFOs often have a seat at the Board and are required to act as the CEOs' business partner working hand-in-hand to steer the company through the current economic climate. Partnering’ is nothing new," says Ho.
CFO 86
86 
Ep 28: How Planning Aces Are Made
CFO Thought Leader
OCTOBER 29, 2023
It highlights the significance of unit economics, internal metrics like labor and transportation costs, and external indicators that predict market changes and competitive advantage. OUR COHOST BRETT KNOWLES | Brett Knowles is a long-time thought leader in the performance measurement space.
Planning 52
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What-if analysis or why is it important for good financial planning software?
Spreadym
MAY 10, 2023
It involves evaluating the impact of various "what-if" situations on financial flows projections, business performance measures, or outcomes. For example, you can assess the financial impact of economic downturn or supply chain disruption.
ESG-driven growth: Stakeholders have greater expectation but boards lack commitment
Future CFO
FEBRUARY 16, 2022
83% of respondents said they would like mandatory reporting of ESG performance measures against global standards. The top two challenges holding businesses back from delivering against ESG according to respondents are externally, near-term economic uncertainty (85%) and internally, lack of commitment from the board (43%).
Boards are accelerating changes to ESG priorities
Future CFO
DECEMBER 14, 2020
Boards are accelerating changes to ESG priorities, promoted by global events such as the pandemic, economic uncertainties, and social and racial injustice, said Willis Towers Watson recently when releasing results of a survey.
Tell Me a Story: Aswath Damodaran on Valuing Young Companies
CFA Institute
MAY 24, 2022
"You don't have to be right to make money [valuing companies]," Aswath Damodaran says. You just have to be less wrong than everybody else.”.
Permanent Capital: The Holy Grail of Private Markets
CFA Institute
JUNE 1, 2021
The goal of private equity is to be impervious to the vagaries of the economic cycle and to outside interference.
Marketing 54
54 
Private Real Estate Fund Categories: A Risk/Return Assessment
CFA Institute
DECEMBER 12, 2019
Based on the risk-adjusted performance of all three categories of private real estate funds, investors are paying billions in economically unwarranted fees.
Economics 54
54 
Fixed-Income Allocations: Where To?
CFA Institute
JUNE 9, 2021
How should investors shift their fixed-income portfolios amid the US economic recovery?
Economics 52
52 
Pointless Market Equivalence? If Not the IRR, Why the PME?
CFA Institute
JULY 4, 2021
The public market equivalent (PME) does not reflect the economic reality of private equity investing.
Marketing 52
52 
Gender Lens Equity Funds: The First Major Test
CFA Institute
JULY 21, 2020
How did gender lends funds perform amid the pandemic and economic downturn of the first quarter?
Economics 52
52 
The Elephant in the Room: The ESG Contradiction
CFA Institute
JANUARY 28, 2022
The inherent conflict between the "E," the "S," and the "G" in ESG investing can no longer be ignored.
Investments 137
137 
How Sharp Is the Sharpe Ratio? An Analysis of Global Stock Indices
CFA Institute
JUNE 3, 2022
To test the Sharpe Ratio’s effectiveness, we constructed monthly return distributions for global stock market indices to see if any had too much skewness.
Construction 136
136 
Retirement Income: Six Strategies
CFA Institute
FEBRUARY 25, 2022
How can we mitigate sequence of returns risk (SoRR)?
Equity Risk Premium Forum: Don’t Bet Against a Bubble
CFA Institute
APRIL 7, 2022
Cliff Asness, Rob Arnott, Roger G. Ibbotson, and other luminaries explore the nature of bubbles and the momentum factor.
Crypto Tokens and Crypto Coins: What Drives Performance?
CFA Institute
APRIL 24, 2022
The correlation between volume and price of crypto coins and tokens is negligible no matter how it's measured.
The Equity Advantage: Reinvestment of Earnings
CFA Institute
JUNE 17, 2022
Equities can compound in value in a way that investments in bonds, real estate, and other asset classes cannot.
Investments 131
131 
Tactical Asset Allocation: The Flexibility Advantage
CFA Institute
FEBRUARY 10, 2022
The end of the loose money era may offer an opportunity for tactical asset allocation.
Investing’s First Principles: The Discounted Cash Flow Model
CFA Institute
JANUARY 19, 2022
The DCF model is not only relevant to today’s market, it remains an absolute necessity.
Marketing 128
128 
Fama and French: The Five-Factor Model Revisited
CFA Institute
JANUARY 10, 2022
How well has Fama and French's five-factor model explained returns?
A new way to measure long-term firm performance and shareholder value
Future CFO
DECEMBER 6, 2019
While these provide useful information, they are focused on the short-term and do little to reflect underlying economic performance or to precisely capture the creation (or destruction) of long-term shareholder value, the business school noted. What is LIVA? values both profits and growth.
Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?
CFA Institute
JULY 11, 2022
When it comes to hedging equity risk, bitcoin and cryptocurrencies are less "digital gold" and more fool's gold.
Technical Analysis Revisited: Moving Averages = Above Average Returns?
CFA Institute
FEBRUARY 7, 2022
How have moving averages performed as an investment strategy over the decades?
Investments 124
124 
Equity Risk Premium Forum: The Deficient Market Hypothesis
CFA Institute
APRIL 29, 2022
"If we thought of the equity premium as a fear premium," Rob Arnott says, "a lot of the so-called anomalies that we’ve talked about would not be anomalies at all.".
Marketing 122
122 
Outperformance Ain’t Alpha
CFA Institute
AUGUST 14, 2022
Outperformance and alpha are not exactly the same thing. So, how do we explain the difference?
Book Review: The Price of Time
CFA Institute
JUNE 22, 2022
Almost unique among serious finance books, Edward Chancellor’s The Price of Time serves well as bedtime reading.
Finance 115
115 
Extremely Successful? Extremely Lucky!
CFA Institute
JUNE 2, 2022
What's more critical to investing success: luck or skill?
Investments 119
119 
What Can AI Do for Investment Portfolios? A Case Study
CFA Institute
DECEMBER 15, 2022
One AI equity trading model hints at the technology's potential to transform investment management.
Investments 117
117 
Equity Risk Premium Forum: Term Structure, Mean Reversion, and CAPE Reconsidered
CFA Institute
JULY 29, 2022
Does the equity risk premium (ERP) vary depending on the term structure? Does reversion to the mean dictate that it will decrease the longer the time horizon?
Bonds and Fixed Income: Where’s the Hedge?
CFA Institute
NOVEMBER 3, 2022
When have fixed-income assets actually done what portfolio managers and investors expect them to do?
Crypto Tokens: Does Security Selection Matter?
CFA Institute
JULY 10, 2022
Can token pickers demonstrate differentiated performance? What role does security selection play in cryptocurrency investing?
Securities 117
117 
Valuing Digital Assets with TradFi Tools: Three Methods
CFA Institute
OCTOBER 25, 2022
Not all traditional investment management techniques are applicable to digital assets, but sector breakdowns, DCF models, and risk factor modeling are solid starting points.
Investments 116
116 
How Do Cryptocurrencies Correlate with Traditional Asset Classes?
CFA Institute
NOVEMBER 16, 2022
The crypto market’s recent gyrations necessitate a fresh look at the evolving relationships between crypto and traditional asset classes.
Myth-Busting: Alts’ Uncorrelated Returns Diversify Portfolios
CFA Institute
DECEMBER 9, 2022
Do alternatives offer any diversification benefits?
Bitcoin Mining and Local Stock Market Performance Correlations
CFA Institute
JANUARY 30, 2023
Is there a relationship between where bitcoin is mined and how the performance of the local equity markets correlated with bitcoin prices?
Marketing 115
115 
What If the US Government Were Valued Like a Company?
CFA Institute
APRIL 18, 2022
If the US government were a normal company, it would have had to declare bankruptcy long ago.
Tricks of the Private Equity Trade, Part 1: Value Drivers
CFA Institute
OCTOBER 11, 2022
PE firms have a repertoire of tools at their disposal to achieve their target returns.
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