Enterprising Investor
529 episodes - English - Latest episode: 12 days ago - ★★★★ - 50 ratingsFormerly Guiding Assets, Enterprising Investor is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Enterprising Investor will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals.
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Episodes
Becoming Board Ready
December 11, 2019 11:00 - 13 minutes - 12.3 MBIn episode #390, Julie Castro Abrams, chair and CEO of How Women Lead, discusses the sought-after skills and experience for corporate boards, considerations for taking a corporate board role, and progress made and opportunities to move the needle on corporate board diversity.
A Sense of Mission: Leadership Lessons from Space
December 04, 2019 11:00 - 18 minutes - 16.8 MBEpisode #389. Former NASA astronaut Cady Coleman completed three trips to space: She flew on two space shuttle missions and spent six months aboard the International Space Station. In this episode, Dr. Coleman discusses critical skills for building and leading teams, including resilience and trust.
Morningstar's Kunal Kapoor, Storyteller in Chief
November 27, 2019 11:00 - 11 minutes - 10.8 MBIn episode #388, Kunal Kapoor, CFA, chief executive officer of Morningstar, a leading provider of independent investment research, took the helm of the industry giant in January 2017 after joining the firm as a a data analyst in 1997. In this brief conversation, he shares what has changed and what has stayed the same, why Morningstar launched a family of mutual funds, why ESG and sustainability are important to him, and what he would ask prospective employees if he could only ask one questio...
Crytpocurrency in Context: An Insider's View
November 20, 2019 11:00 - 18 minutes - 17.4 MBEpisode #387. Crypto is a fascinating but polarizing topic. In this episode, Meltem Demirors, chief strategy officer at CoinShares, a digital asset manager, helps explain the broader macro context for the rise of bitcoin including economic, political, and social drivers. She discusses macro tailwinds, whether bitcoin is a risk asset or a flight-to-quality asset, Facebook's Libra, and her top three science fiction book recommendations.
Cryptocurrency in Context: An Insider's View
November 20, 2019 11:00 - 18 minutes - 17.4 MBEpisode #387. Cryptocurrency is a fascinating but polarizing topic. In this episode, Meltem Demirors, chief strategy officer at CoinShares, a digital asset manager, helps explain the broader macro context for the rise of bitcoin including economic, political, and social drivers. She discusses macro tailwinds, whether bitcoin is a risk asset or a flight-to-quality asset, Facebook's Libra, and her top three science fiction book recommendations.
An Insider's View on the Fed and Global Economic Trends
November 13, 2019 11:00 - 14 minutes - 13.7 MBIn episode #386, Danielle DiMartino Booth, CEO and director of intelligence at Quill Intelligence LLC, a research and analytics firm, and author of FED UP: An Insider’s Take on Why the Federal Reserve Is Bad for America, tells us what, if anything, has changed since she wrote her book and shares her views on macro risks to global economic growth, the data she watches most closely, and whether millennials can grow the US economy.
How Digital Platforms are Transforming Trust and Governance
November 06, 2019 15:42 - 14 minutes - 13.5 MBEpisode #385. Platform businesses are all around us, but not every technology platform is a platform business. What makes a company a platform business, and how is this business model changing the landscape for trust and governance? What does sound platform governance look like? Arun Sundararajan, a professor at New York University Stern School of Business, helps answer those questions and explains why platforms are not like democracies but rather like benevolent dictatorships.
Using Digital Technology to Improve Clients' Experiences
October 30, 2019 10:00 - 12 minutes - 11.7 MBIn episode #384, Vanguard Center for Investor Research's head of research, Jane E. Henshaw, discusses insights gained through her work and how it may be used to improve investment clientele's customer experience.
How Daniel Pink can help improve your investment performance
October 23, 2019 10:00 - 14 minutes - 13.5 MBIn episode #383, world-renowned and best-selling author of the books When, Drive, and a Whole New Mind, Daniel Pink provides insight into how he times key decisions, anticipates possible futures, and simplifies complex subjects. Each subject is also shared by active investment managers.
When the Unthinkable Becomes Reality
October 16, 2019 10:00 - 13 minutes - 12.4 MBEpisode #382. Named one of the Top 100 Thinkers by Foreign Policy magazine for four consecutive years, Mohamed El-Erian, chief economic advisor at Allianz, discusses his top three concerns with respect to the global economy. Touching on unpredictability, divergence among advanced economies, and the interplay of politics and economics, El-Erian also brings in relations between the U.S. and China. Finally, he shares his unique career trajectory and the most important advice he ever received.
Applying Behavioral Finance to the Investment Process
October 09, 2019 10:00 - 12 minutes - 11.9 MBIn episode #381, Clare Flynn Levy, founder of Essentia Analytics, discusses why solely focusing on performance misses an important point; how top managers are competing for survival of the fittest and why others are missing a trick; and how to mitigate behavioral bias in your own investment process.
Reinventing Capitalism in the Age of Big Data
October 02, 2019 10:00 - 14 minutes - 13.5 MBIn episode #380, Viktor Mayer-Schönberger discusses why he believes that data isn’t just the new oil, but an even more important commodity. He believes that it not only greatly enhances markets, but also reshapes the economy. Last, he discusses data’s new role and how he believes it has profound implications for the financial services sector and for finance capitalism more generally. The biggest challenge for the data economy is structural, and competition rules are ill suited to address th...
AI and Traditional Investment Analysis
September 25, 2019 10:00 - 14 minutes - 12.9 MBIn episode #379, Malcolm White, CFA, discusses the benefits and limitations of artificial intelligence (AI) in active investment management. Subjects include whether AI should be feared or embraced by investment professionals; things AI is good and bad at doing; neural networks; and how to avoid programming bias into algorithms.
The New World (Dis)Order
September 18, 2019 10:00 - 12 minutes - 11.6 MBIn episode #378, Peter Zeihan discusses major geopolitics trends occurring currently, as well as the importance of geopolitics for financial professionals. Specifically: 1. The more than two decades breakdown in the world order, including the United States returning to isolationism and indifference about what happens in the rest of the world. 2. What reality that is worse that the Global Financial Crisis that is just around the corner? 3. Why finance pros should pay greater attentio...
Bringing Your Best Brain
September 11, 2019 10:00 - 12 minutes - 11.2 MBIn episode #377, Pete Ronayne offers practical insights on how professionals in demanding environments can optimize performance by focusing on keeping their brain refreshed and renewed.
Investment Decision Making in an AI World
September 05, 2019 14:14 - 16 minutes - 15.4 MBIn episode #376, we cover cover some of the basic terminologies and then chart a map of the AI-driven landscape. From small data to big data, from desktops to the cloud, and from simplistic programming to machine learning, the world has been moving at a rapid pace.
Psychology and the Good Life
August 28, 2019 10:00 - 10 minutes - 9.98 MBIn episode #375, Professor Laurie Santos developed and taught Yale University's most popular course ever in which she introduced the science of happiness. Building on that experience, Dr. Santos appeared at the 72nd CFA Institute Annual Conference to help professionals in our demanding, dynamic profession learn what science teaches us about being happier at work—and in all facets of our lives.
Investment Decision Making for the Emerging Markets Investor
August 21, 2019 10:00 - 12 minutes - 11.8 MBIn episode #374, we discuss how emerging markets have been the place where the action is and the future will be. How near is the future for emerging markets? Does investing in emerging markets translate into a superior risk-adjusted performance?
Interview: Leadership Insights with Sartaj Garewal
August 14, 2019 10:00 - 13 minutes - 6.22 MBIn episode #373, recorded at the 72nd CFA Institute Annual Conference in London, Sartaj Garewal, an actor and coach, discusses innate and acquired traits of good leaders. Having started his career as a financial analyst before moving into acting, he uses his unique background to offer useful tips on leadership development as well as practical advice on commonly encountered workplace anxieties, such as dealing with stage fright.
Crashed: Looking Back on a Decade of Financial Crises
August 07, 2019 20:39 - 12 minutes - 11.5 MBIn episode #372, recorded at the 72nd CFA Institute Annual Conference in London, Adam Tooze, a professor of history and director of the European Institute at Columbia University, discusses his most recent book, Crashed: How a Decade of Financial Crises Changed the World. Crashed has been described as “an eye-opening reinterpretation of the 2008 financial crisis and its aftermath, leading to the political shock waves you are feeling in the world today." In this short conversation, Professor T...
ESG Investing: Into the Mainstream
July 31, 2019 10:00 - 15 minutes - 13.8 MBIn episode #371, recorded at the 72nd CFA Institute Conference in London, Amanda Young discusses a wide range of general ESG topics including "are oil companies bad but wind farm companies good?" and "who/what are the drivers pushing ESG into the mainstream?" The answer to the first question is that it is not that simple (!), whereas the second question considers large vs. small companies, the demand from retail investors, and effecting change through engagement.
Mind over Matter: Staying Organized in the Age of Information Overload
July 24, 2019 10:00 - 11 minutes - 5.48 MBIn episode #370, recorded at the 72nd CFA Institute Annual Conference in London, Daniel J. Levitin, an award-winning scientist, musician, writer, and record producer, discusses his book, The Organized Mind: Thinking Straight in the Age of Overload, why multi-tasking is a myth, how music affects the brain, and much more.
Leadership: How to Enhance Your Presence, Power, and Influence
July 17, 2019 10:00 - 15 minutes - 6.94 MBIn episode #369, recorded at the 72nd CFA Institute Annual Conference in London, Connson Locke, senior lecturer in practice in the department of management at the London School of Economics, talks about the what the underlying question in the leadership research has been: Are leaders born or made? Moreover, what makes a great leader? What are some tips for developing presence and influence as a leader?
Tips and strategies to achieve communication excellence
July 10, 2019 04:10 - 14 minutes - 6.62 MBIn Episode #368, we highlight some of the key attributes and tricks of the trade required to ensure you sell your self effectively in business meetings. We all know the importance of first impressions but what does LWAR stand for and what are the 3Cs and how do they lead to communication excellence. In this interview all is explained.
The Behavioral Investor: Where the Mind Meets the Markets
July 03, 2019 19:33 - 16 minutes - 7.44 MBIn Episode #367, Psychologist and behavioral finance expert Dr. Daniel Crosby helps unlock investor behavior by explaining the four primary psychological tendencies that affect investment decision making and discussing how advisers can build rules-based behavioral portfolios for their clients.
How to Shape a Life of Money and Meaning
June 25, 2019 13:55 - 22 minutes - 10.5 MBIn Episode #366, Brian Portnoy, CFA, explains wealth is "funded contentment." It is the ability to underwrite a meaningful life however one chooses to define that. Being rich is having "more." In this episode, Dr. Portnoy discusses his latest book, The Geometry of Wealth, explains what drives a more meaningful life, and shares how financial advisers should be coaches who can help their clients underwrite a life of meaning.
Wisdom of Finance
June 12, 2019 17:19 - 12 minutes - 5.94 MBIn Episode #366, Professor Mihir Desai talks about his book "The Wisdom of Finance - discovering humanity in a world of risk and return."
Incorporating Geopolitical Analysis into Your Investment Process
May 28, 2019 12:50 - 14 minutes - 6.72 MBIn Episode #365, we take a brief look at the US-China trade wars, to elections in India, and the ongoing Brexit debate. Never has there been a time when markets seem so closely connected with so many large-impact events unwinding.
Decision Making under Uncertainty – Less Is More
May 28, 2019 12:47 - 15 minutes - 6.94 MBIn Episode #364, we walk about the difference between risk and uncertainty, and what implication does this difference have for decision making? This distinction is important in finance where pricing and investment decisions often use complex models that use assumed distribution to encapsulate risk. In reality, however, it can be argued that the future is inherently one of uncertainty and cannot be captured via a probability distribution and that a heuristic approach to decision making might ...
Why Investors Must Understand and Manage Chronic Stress
April 29, 2019 13:55 - 18 minutes - 17.2 MBIn Episode #363, Mithu Storoni, an eye surgeon who holds a PhD in Neuro-ophthalmology and author of the book "Stress-Proof," explains that chronic stress is changing the structure of the brain, thinning the part that carries the seat of sophisticated decision making and this is a problem for investors today because we have to compete with artificial intelligence (AI).
Geopolitical Risk in an Increasingly Fractured World
April 15, 2019 15:53 - 15 minutes - 14.5 MBIn Episode #362, Marko Papic, chief political strategist and senior vice president at BCA Research, discusses a variety of geopolitical risks, including the rise and implications of populism, the biggest threat to the single market in Europe, what's happening in China, and whether US President Donald Trump will be re-elected in 2020. He also provides investors an update on geopolitical risks to watch in 2019.
AI and the Future of Equity Research
March 13, 2019 16:46 - 27 minutes - 6.45 MBIn Episode #361, we talk with Ken Sena and Bryan Healey, co-founders of Aiera, an adaptive, deep-learning platform designed to enhance active fundamental investment strategies. Aiera is also short for "artificially intelligent equity research analyst."
Bitcoin, Blockchain, and Beyond
March 02, 2019 00:38 - 18 minutes - 16.5 MBIn Episode #359, Caitlin Long, a Wall Street veteran who has been a blockchain evangelist since 2014 and bitcoin since 2012, discusses bitcoin, blockchain myths versus reality, cryptocurrencies, why the world needs more systemic thinkers, how Satoshi Nakamoto solved the "Byzantine Generals Problem", and more.
BlackRock's Kate Moore Shares Her Views on US Equities
February 12, 2019 16:46 - 16 minutes - 3.91 MBIn Episode #358, BlackRock's chief equity strategist, Kate Moore, tells viewers what she is counseling clients, offers advice on building a portfolio that is adequately defensive, and shares her outlook on China, among other things. She also discusses traits that make for the best investors and "the number one thing" that has contributed to her career success.
Whither Emerging Market Debt?
February 05, 2019 19:00 - 14 minutes - 6.82 MBIn Episode #357, Shamaila Khan, director, emerging market debt at AllianceBernstein, discusses a number of issues related to this market, including concerns about broader contagion, which countries look most fragile, bright spots, global macro trends, and active versus passive investing.
The Future of Fixed Income
January 24, 2019 16:26 - 21 minutes - 4.95 MBIn Episode #356, Priscilla Hancock, a managing director, senior fixed-income specialist, and head of the fixed-income insights team at J.P. Morgan Asset Management, explains why investors should stay in fixed income, what attributes fixed-income portfolios should have to be well positioned for the future, and where there are risks and opportunities in the municipal bond markets.
Building Your Path to the C-Suite
December 13, 2018 17:23 - 11 minutes - 3.98 MBIn Episode #354, Shazia Syed, chief executive and chairperson of Unilever Pakistan Limited, describes her journey from management trainee to CEO, including the skills she needed to cultivate and lessons learned along the way. As an active advocate for greater gender diversity, Syed also discusses the importance of mentors in building one's career.
Uncovering Hidden Risks in Investment Portfolios
December 05, 2018 13:39 - 28 minutes - 4.99 MBIn Episode #353, Professor Raphael Douady and Ron Rimkus, CFA, discuss the evolution of risk management practices and where we are today. Douady believes even with the “quantitative-ization” of risk management and increased sophistication in data analysis, investors need to strive to uncover the invisible or hidden risks of their investment portfolios. Risk management strategies that only focus on the visible risks could exacerbate the invisible risks inadvertently. Douady also explains that...
The Outlook for Real Estate
November 29, 2018 18:05 - 14 minutes - 6.52 MBIn Episode #352, Sonny Kalsi discusses his outlook, including the megatrends affecting real estate investment opportunities today. Kalsi examines the effects of disrupters—from the growth of online retail to the sharing economy and changing generational preferences. Kalsi explores single-family and multi-family housing in the United States 10 years after the Great Recession and changes he expects going forward during a rising interest rate environment. He shares his mistakes and lessons lear...
Fixing the Broken Side of Capitalism
November 14, 2018 13:40 - 16 minutes - 7.56 MBIn Episode #351, Professor Luigi Zingales discusses Capitalism and the economic system—what works, what doesn’t work, and what can be done to fix the parts that are broken. Zingales focuses on the problems with capitalism, such as the concentration of market power and where distortions occur that benefit the few—not the many. In addition, Zingales proposes a unique alternative to the public company model of maximizing shareholder wealth and recommends companies instead "maximize shareholder...
Prioritizing Pension Risk Management in Japan
November 13, 2018 15:19 - 11 minutes - 2.62 MBIn Episode #350, we continue our talk on with the Pension Fund Association of Japan, which manages over US$ 110 billion in assets for pension clients.
An Industry Veteran Identifies Risks in the Credit Market
October 30, 2018 13:55 - 14 minutes - 3.39 MBIn Episode #349, Martin S. Fridson, CFA, chief investment officer at Lehmann Livian Fridson Advisors LLC, is regarded as one of Wall Street's most thoughtful and perceptive analysts and has been dubbed "the dean of the high yield bond market". In a wide-ranging interview, he discusses a number of issues, including the investment grade and the high yield credit markets, how to correctly forecast the default rate, and how the leveraged buyout market has evolved since the 1980s.
Unique Situations in Managing Pension Assets
October 03, 2018 19:47 - 12 minutes - 2.76 MBIn Episode #348, we talk pension funds and how they tend to have regular outflows and are often underfunded, as a result the tools the industry has developed tend to be based on these assumptions.
Unique Situations in Managing Pension Assets
October 03, 2018 19:47 - 12 minutes - 2.76 MBIn Episode #348, we talk pension funds and how they tend to have regular outflows and are often underfunded, as a result the tools the industry has developed tend to be based on these assumptions.
Why Integrated Reports are Superior to GAAP from an Investor Point of View
September 27, 2018 12:35 - 13 minutes - 9.07 MBIn Episode #347, Richard Howitt, CEO of the International Integrated Reporting Council, discusses the power of Integrated Reports for investors. For example, their additional detail on multiple sources of capital and return; their prospective, not retroactive nature; and their insistence on executive management narrative to help make sense of data.
The Investment Firm of the Future
September 25, 2018 11:16 - 12 minutes - 8.8 MBIn Episode #346, Roger Urwin, lead author of the CFA Institute report Investment Firm of the Future, and Willis Towers Watson's global head of content, along with Richard Howitt, CEO of the International Integrated Reporting Council, discuss the report, as well as pertinent details with which all investment pros should familiarize themselves.
A Ten-Minute Tour: The Hottest Geopolitical Issues
September 17, 2018 12:41 - 14 minutes - 9.85 MBIn Episode #345, Matt Gertken, geopolitical strategist at BCA Research, shares his thoughts on some of the current largest geopolitical topics that we should all be thinking about. From China to Russia, via the United States, there is a lot to consider in terms of the big picture. Mr. Gertken talks about the likely shift in power from west to east—both politically (global influence) and economically (trade wars). With China facing domestic demands as well as global ones, the topic of the cou...
Find Your Voice and Avoid Ethical Pitfalls
September 05, 2018 14:51 - 12 minutes - 7 MBIn Episode #344, recorded at the 71st CFA Institute Annual Conference in Hong Kong, Mary C. Gentile, creator and director of Giving Voice to Values (GVV) at the University of Virginia Darden School of Business, explains the values-driven leadership that is at the center of GVV, an innovative approach to values-driven leadership development in business education and the workplace.
Cross Culture and Its Importance for Your Career
August 29, 2018 12:32 - 13 minutes - 9.1 MBIn Episode #343, Jane Hyun, founder and president of Hyun & Associates and former recruiting executive at multiple investment banks, discusses the nuances and importance of understanding cross culturalism for advancing your career.
The Illusion of Control in an Uncertain World
August 22, 2018 12:24 - 12 minutes - 8.59 MBIn Episode #342, Anil Gaba, professor of decision sciences and the Orpar Chaired Professor of Risk Management at INSEAD, explains how risk and uncertainty are not the same and how control can be gained by paradoxically giving up control. Professor Gaba offers a fascinating insight into luck, chance, control, the illusion of control, and decision making. For example, behaviorally we have cognitive biases—such as overconfidence—and emotional biases, which make it hard to learn from experience....