State of the Art of Investing: Issue 4
Benjamin Graham once said that the true investment professional would "develop a more professional attitude towards his work and a keener interest in maintaining and advancing the standards of his calling." Those standards continue to advance, as most investment professionals can attest.
To keep the CFA program current and relevant, CFA Institute continuously interviews investment management practitioners, employers and regulators through its practice analysis. Recent trends identified include:
Risk factor based asset allocation
- Shortcuts to factor investing
The effect of the low/negative interest rate environment
The effects of pension funding shortfalls
Increasing allocations to alternative investments
The importance of understanding financial market history
The role of ESG factors in investing
- Principles for Responsible Investment (PRI) and CFA Institute today announced that they will collaborate on a global study on environmental, social and governance (ESG) investing
- Ways to increase the proportion of female investment professionals
- Is lax corporate governance creating short sale opportunities in Asia?
- Islamic finance is complementary to impact investing
- Will new revenue recognition rules result in earnings manipulation?
The increasing need for private wealth management
The rise of passive vs. active investing
The need for investment professionals with soft skills
- To foster intrinsic motivation, be lavish in your praise
- Communicate more effectively by using headlines
- Building a culture for better decision making
- LEADER-ship qualities
- Beating unconscious bias
The role of "big data" and Fintech in the investment process
- Fintech opportunities and challenges
- Bloomberg insinuates CFA Institute adding fintech to "get people to talk about the CFA." I guess they fell for the ploy.
- A course on AI for fintech
These seem like good places to start, and as I advance my own knowledge I will try to share links to interesting resources in posts like this one. Opinions expressed are mine, not those of CFA Institute. Whether you find them useful or can suggest improvement, please let me know (both so I can learn more and so I can make these posts more useful to others.)
Anything else I should be reading?
Photo by htmvalerio