“When no one owns a problem, it probably won’t get solved.” How do we dismantle the barriers that inhibit upstream thinking? Author Dan Heath of Duke Fuqua shared his insights at the CFA Institute #AlphaSummit. via Paul McCaffrey cfainst.is/2QxggNm

The more complex and diffuse a problem becomes, Duke Fuqua's Dan Heath explained at the #AlphaSummit, the less likely it is to have a clear line of ownership. “When no one owns a problem, it probably won’t get solved.” Paul McCaffrey via @Enterprising cfainst.is/3bG91tU

In investment portfolios, Harry Markowitz said, “the only free lunch is diversification.” Eric Sim demonstrates that the same holds true in our professional lives. Paul McCaffrey via @Enterprising blogs.cfainstitute.org/investor/2021/…

What can behavioral finance offer investors? With insights from Daniel Kahneman, Robert J Shiller, Richard H Thaler, meir statman, etc., @Enterprising's coverage the last 10 years shows how the behavioral lens can help inform investment decision making. blogs.cfainstitute.org/investor/2021/…

How has #ESG investing evolved over the last decade? To mark the 10th anniversary of @Enterprising, Rhodri Preece, CFA, curates a diverse collection of EI's ESG coverage that serves as a window into both the ESG debate and the development of the space. blogs.cfainstitute.org/investor/2021/…

Prediction: The Future Will Be Different When @Enterprising debuted 10 years ago, no one could have anticipated the wild gyrations of the last 18 month or the tantrums and flash crashes of the last decade. Yet here we are. Paul McCaffrey looks back. blogs.cfainstitute.org/investor/2021/…

Some predict the embargo will initiate a Russian financial collapse very quickly, while others expect it will constitute more of a long and slow drag on the economy. @JoachimKlement of Research Foundation provides a serious, data-driven analysis. blogs.cfainstitute.org/investor/2022/…

.Clifford Asness, Rob Arnott, Roger Ibbotson, Larry Siegel, and other luminaries explore the nature of bubbles and the momentum factor in an excerpt from their latest discussion of the equity risk premium. Paul McCaffrey via @Enterprising blogs.cfainstitute.org/investor/2022/…

"Historically, all significant inflations have come from fiscal problems. Countries that are running steady primary surpluses and growing happily never seem to have inflation no matter how dimwitted their central bankers." — John Cochrane #inflation blogs.cfainstitute.org/investor/2022/…

"We are now producing at & beyond the supply capacity of the economy. The economic problem now is to control inflation & get to work on the supply side of the economy." Thomas S. Coleman & John Cochrane explain. @Enterprising Harris Policy Hoover Institution blogs.cfainstitute.org/investor/2022/…

Does the equity risk premium vary depending on the term structure? Larry Siegel, Rob Arnott, Elroy Dimson, Roger G. Ibbotson, Antti Ilmanen, Martin Leibowitz, Rajnish Mehra, & Jeremy Siegel weigh in on this & more. Paul McCaffrey via @Enterprising blogs.cfainstitute.org/investor/2022/…

“How many here think the next 10-year equity returns are going to be below the long-run average?" Jeremy Siegel asks. "I certainly do. Is there anyone here who doesn’t?” Larry Siegel Research Foundation Clifford Asness William Goetzmann Paul McCaffrey blogs.cfainstitute.org/investor/2022/…

A Tale of Two Suits: The Three Capitals of Career Success ift.tt/bYx2HaZ

“When you do your job under scrutiny, it’s tough. But when nobody is watching, it’s even tougher because you need to uphold an even higher standard.” — Eric Sim #socialcapital via Paul McCaffrey blogs.cfainstitute.org/investor/2022/…

How did Eric Sim go from washing bowls at his father’s noodle stand to serving as a managing director at UBS Investment Bank? It comes down to financial capital, human capital, and #socialcapital, Paul McCaffrey explains. via @Enterprising blogs.cfainstitute.org/investor/2022/…

"Why does the level of the nominal rate have anything to do with the equity risk premium?" John Cochrane and Thomas S. Coleman of Harris Policy further explore the nature of inflation and the fiscal theory of the price level. via @Enterprising blogs.cfainstitute.org/investor/2022/…

Has the hedge property overtaken the investment property of fixed-income assets? Larry Siegel, Clifford Asness, Antti Ilmanen, and Rajnish Mehra, among others, explore this & more, in the Equity Risk Premium Forum. Paul McCaffrey via @Enterprising blogs.cfainstitute.org/investor/2022/…

"There’s one aspect of MMT that I have some sympathy for: the notion that what we spend money on is far more important than how we finance it." — Clifford Asness Larry Siegel, William Goetzmann, & others discuss the Equity Risk Premium. via @Enterprising blogs.cfainstitute.org/investor/2022/…

In a wild year for markets and investing, what @Enterprising content most resonated with readers? @AdvisorUnbiased, on retirement income strategies; Jacques Cesar on CAPM; Eric Sim on 3 forms of capital; Roger Mitchell on Aswath Damodaran; & more. blogs.cfainstitute.org/investor/2022/…

New Publication! The equity risk premium is commonly thought of as one of the most important concepts in investing - lnkd.in/eBHP5hQg See what the following experts think about it: - Roger Ibbotson - Elroy Dimson - Cliff Asness - Rob Arnott - Mart…lnkd.in/eC2GQ5fM