Enterprising Investor Newsletter: The Buffett Indicator Revisited

Published by Enterprising Investor on January 30th, 2021 6:15am. 58 views.

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Enterprising Investor

Practical Analysis for Investment Professionals

Is Technology a New Asset Class?

"Given its lack of correlation with other stocks during the two latest financial crises and its multi-decade expansion as a share of the market, tech clearly is the sector to watch," Duncan Stewart, CFA, says.

When to Use Big Data — and When Not To

The full promise of big data can only be realized when it is guided by thoughtful human expertise. Sameer S. Somal, CFA ,and Pablo A. Ruz Salmones explore the critical factors to keep in mind.

From the Archives: Robert J. Shiller on Bubbles, Reflexivity, and Narrative Economics

"Economists want to standardize the understanding of economic events. They want to have a simple model," Robert J. Shiller tells Paul Kovarsky, CFA. "The problem is it’s hard to standardize our understanding because ideas change and people’s thinking changes through time."

Image of Warren Buffett speaking

The Buffett Indicator Revisited: Market Cap-to-GDP and Valuations

Warren Buffett said the stock market capitalization-to-GDP ratio "is the best single measure of where valuations stand at any given moment." Navin Vohra, CFA, assesses the Buffett Indicator's applications and limitations.

Sharpening the Arithmetic of Active Management

Lasse Heje Pedersen challenges William F. Sharpe’s famous equality that “before costs, the return on the average actively managed dollar will equal the return on the average passively managed dollar.”

Geo-Economics Chapter 6: The Rivalry between the United States and China

In this chapter of Geo-Economics: The Interplay between Geopolitics, Economics, and Investments, Joachim Klement, CFA, focuses on the economic and political rivalry between the United States and China and on how the trade war and the geo-economic competition between China and the rich countries of the West might develop.

Earning Investors' Trust Tile

How the Desire for Information, Innovation, and Influence Is Shaping Client Relationships

Trust is a multi-layered concept, and it is essential to the proper functioning of capital markets. In this fourth edition of the CFA Institute investor trust study, we examine how trust in the industry has evolved, while the essential characteristics of trust endure.

Take 15 Tile

Discovering Young Urban Investment Talent

Troy Prince, founder of Wall Street Bound, discusses his organization's efforts to create pathways to careers in finance for urban youth.

Investment Professional of the Future tile

Changing Roles, Skills, and Organizational Cultures

This report considers how investment industry roles, skills, and careers (the employee’s lens) and the organizational context and culture (the employer’s lens) are shaping the attributes of the investment professional of the future.

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