State of the Art of Investing: Issue 13
Links to Topics of Increasing Interest to Investment Professionals
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
- The complete guide to factor-based investing
The effect of the low/negative interest rate environment
- Unintended consequences of lower for longer rates
The effects of pension funding shortfalls
Increasing allocations to alternative investments
- Sam Zell's cardinal rule: Where's the demand?
The importance of understanding financial market history
The role of ESG factors in investing
- Building value trumps short termism
- China will soon have the world's largest carbon market. Will it make a difference?
The increasing need for private wealth management
- Behavioral finance and investment management
The rise of passive vs. active investing
The need for investment professionals with soft skills
- Authentic leadership
- Does the name of your fund matter?
- Promotions come to those who can promote themselves
- Time tested techniques for gaining influence
The role of "big data" and Fintech in the investment process
- Alexa, how does my asset allocation stack up?
- China's financial sector is more open to fintech
- How the blockchain can spur fund innovation
- What fintech can learn from the decline and reinvention of high-frequency trading
- A curated list of AI and machine learning resources
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