What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector are to blame.| CFA Institute Enterprising Investor
Uncover how idle capital distorts private equity returns and why measuring what’s actually put to work gives investors a truer picture of performance.| CFA Institute Enterprising Investor
Explore historical bear markets to decode recession risk, valuation impact, and which investment styles perform best in downturns and recoveries.| CFA Institute Enterprising Investor
Phillip Toews challenges traditional portfolio construction, helping advisors build resilient strategies and coach clients through risk and bias.| CFA Institute Enterprising Investor
This chatbot-style tool allows investment analysts to query complex research materials in plain language without ever exposing sensitive data.| CFA Institute Enterprising Investor
Timely insights on portfolio risk, inflation hedging, and market cycles—grounded in financial history and written for investment decision-makers.| CFA Institute Enterprising Investor
Understanding the historical context of financial markets is crucial for investment professionals seeking to make informed decisions in today’s complex landscape. This exploration of historical dat…| CFA Institute Enterprising Investor
“We don’t pay enough attention to the big obvious problems that are in front of us,” says Michele Wucker, the author who coined the term gray rhino. Investors should learn to iden…| CFA Institute Enterprising Investor
Brendan Ballou presents a meta-analysis of the worst of private equity investment practices, thus compelling investors to take a deeper look into their illiquid private equity commitments.| CFA Institute Enterprising Investor
This collection of quotes from US financial history offers timeless lessons in vice, virtue, and investing wisdom for every generation.| CFA Institute Enterprising Investor
Oxford professor Ludovic Phalippou challenges the private equity status quo in a candid discussion on performance, transparency, and the future of the industry.| CFA Institute Enterprising Investor
A leaked AI system prompt reveals hidden biases in Claude’s outputs. What every investment professional should know about using LLMs effectively.| CFA Institute Enterprising Investor
Successful investing isn’t just about numbers. It’s about aligning strategy with the stories people believe about their future.| CFA Institute Enterprising Investor
Commemorating Warren Buffett’s legacy and the Financial Analysts Journal’s 80th Anniversary through the lens of the award-winning article, “Buffett’s Alpha.”| CFA Institute Enterprising Investor
The headlines say active management is dead—but it’s quietly reshaping itself into SMAs, model portfolios, and personalized strategies wrapped in passive clothing.| CFA Institute Enterprising Investor
Mark Rieder’s Reminiscences of a Bond Operator is a hands-on guide to corporate bond analysis, fixed-income portfolio construction, and navigating today’s evolving private credit landscape.| CFA Institute Enterprising Investor
Discover how new US tariffs could accelerate AI adoption, reshape American industry, and unlock long-term investment opportunities amid economic disruption.| CFA Institute Enterprising Investor
Here’s a curated look at where institutional investing is under strain—and where forward-looking strategies offer paths to improve performance, oversight, and alignment.| CFA Institute Enterprising Investor
As the equity risk premium declines, alpha becomes critical. Discover how investors can adapt through factor strategies and global diversification.| CFA Institute Enterprising Investor
Can generative AI eliminate post-earnings announcement drift (PEAD) — or just reshape it? Explore how this emerging technology could redefine market efficiency.| CFA Institute Enterprising Investor
Note to financial advisors: It’s time to embrace the norm effect and rethink how we influence investment decisions.| CFA Institute Enterprising Investor
Your retirement should be more than an exit. It should be a launch.| CFA Institute Enterprising Investor
Explore how the growing convergence of private equity and private debt is transforming risk dynamics, return strategies, and regulatory concerns across the private capital landscape.| CFA Institute Enterprising Investor
Endowments have long been considered elite investors, but outdated strategies and skyrocketing costs are eroding their edge| CFA Institute Enterprising Investor
Insitutional investors who have doggedly pursued active management should heed the advice of tennis great Bill Tilden: “Never change a winning game; always change a losing one.”| CFA Institute Enterprising Investor
Rather than running away from illiquidity, investment professionals, investors, and regulators alike should recognize its potential benefits and consider a more balanced approach.| CFA Institute Enterprising Investor
To understand what private equity is at its worst is a call to action, personally and professionally.| CFA Institute Enterprising Investor