Enterprising Investor
529 episodes - English - Latest episode: 13 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
The Case for Investing in Africa
January 11, 2012 13:00Clifford D. Mpare, CFA, discusses which African nations have the most improved macro environments and how these factors can support equity investments. Mr. Mpare also explores valuation of African equities including long-term trends, sectors of interest, and company case studies, as well as the importance of diversification.
ROE The Wrong Performance Measure for Banks (Take 15 Series)
December 28, 2011 13:00 - 8 minutes - 7.59 MBIn episode #132, Robert Jenkins cites the flaws in the traditional Return on Equity (ROE) measure in measuring bank financial performance and proposes some much needed alternatives.
How Much Is the Financial Sector Contributing to the Real Economy?
December 21, 2011 13:00 - 9 minutes - 6.8 MBIn episode #133, Roger Bootle shares his views on concerns about the relative size of pay and performance in the financial sector as well as what needs to be done to address these concerns.
Valuation: Lessons Learned from the Crisis
December 15, 2011 13:00 - 6 minutes - 1.41 MBIn episode #135, Steven J. Sherman discusses the role of the International Valuation Standards Council and how it differs from that of the accounting standard setters.
Evolution of Risk Reporting: What’s Next?
November 30, 2011 13:00 - 8 minutes - 1.97 MBIn episode #129, Frances Barney, CFA, reveals the latest trends in risk reporting, which lead to increased transparency and control exposures.
Evaluating Performance Attributions and New Models to Measure Risk
November 16, 2011 13:00 - 13 minutes - 3.22 MBIn episode #127, Carl R. Bacon, CIPM, a performance measurement specialist, discusses the evolution of performance attribution, the latest developments in performance measurement, and the issue of ex post risk.
Applying Institutional Principles in the Wealth Management Industry
November 09, 2011 13:00 - 10 minutes - 2.41 MBIn episode #126, What can the private client advisory arena learn from the institutional business? David B. Smith, CFA, draws on a career straddling the private wealth and institutional worlds to provide important lessons.
Incorporating Environmental, Social, and Governance Standards in Emerging Market Companies
November 01, 2011 13:00 - 13 minutes - 12.4 MBIn episode #124, Helga Birgden discusses responsible investing practices in Asia Pacific and makes a comparison with those in Europe and North America. She also addresses the latest trends in ESG investing globally and in Asia Pacific and the implications for the investment industry, as well as other pertinent issues.
Is Liquidity the Missing Equity Investment Style?
October 26, 2011 13:00 - 7 minutes - 6.83 MBIn episode #123, Roger Ibbotson argues that a liquidity strategy meets the criteria for a legitimate and sustainable style with clear performance advantages.
Why Is Leadership Critical to Your and Your Firm’s Success?
October 19, 2011 13:00 - 13 minutes - 12.4 MBIn episode #121, James Ware, CFA, discusses the importance of leadership skills in the investment industry in light of the recent global financial crisis, how firm culture contributes to (or detracts from) success, and critical skills investment professionals need in today’s climate.
Rebalancing: What’s Next for the China Growth Story?
October 12, 2011 13:00 - 12 minutes - 11.3 MBIn episode #120, Michael Pettis reviews the growth track record of China over the past decades and discusses how rebalancing from an investment and export driven economy to a more consumption focused economy could take place going forward. He also discusses Renminbi internationalization and the impact that China’s rebalancing could have on Australia and similar commodity exporting countries.
Global Investing in the New World Order
October 05, 2011 13:00 - 11 minutes - 10.8 MBIn episode #122, With much of the developed world in a sovereign debt crisis, what implications will this have on your portfolio risk profile, benchmark, and asset allocation? Having spent his entire career in emerging market and non-U.S. investments, Jeffrey P. Davis, CFA, describes what he believes is a fundamental shift in the global market portfolio.
High-Frequency Trading, Flow Toxicity, and the Flash Crash
September 29, 2011 13:00 - 14 minutes - 6.59 MBIn episode #119, Maureen O'Hara discusses high-frequency markets, algorithmic trading, flow toxicity, and differential access to price information in Asia, as well as the flash crash and market fragmentation.
Sovereign Credit Risk and Market Turmoil: Challenges for China's Economic Policies
September 26, 2011 13:00 - 6 minutes - 3.05 MBIn episode #118, Jing Ulrich discusses the economic situation in China, the challenges for policymakers, the development of China's capital markets, and the management of trillions of dollars of foreign exchange reserve assets.
Lower Volatility and Higher Yield with Options
September 14, 2011 13:00 - 11 minutes - 8.11 MBIn episode #117, Matthew T. Moran discusses using options and futures to manage risk and improve income.
Superior Risk Management through Value Investing
September 07, 2011 13:00 - 10 minutes - 7.25 MBIn episode #116, Charles K. Bobrinskoy describes how Ariel Investments puts Buffett value investing principles to work.
Ethics in Investment Management
August 31, 2011 13:00 - 9 minutes - 6.49 MBIndustry expert Marianne M. Jennings discusses the ethical issues present in the financial crisis including the seven signs of ethical collapse, cross-cultural differences in ethics, and what universities can do to promote ethical behavior.
Rogers of Ariel Investments Is Bullish on Equities
August 24, 2011 13:00 - 8 minutes - 5.56 MBIn episode #114, John W. Rogers, Jr. discusses his 30 years of investment experience and compares today's markets with those of the early 1980s.
How Are Asian Financial Institutions Impacted by Changing Accounting and Regulatory Regimes?
August 17, 2011 13:00 - 11 minutes - 8.21 MBIn episode #113, Yin Toa Lee, CFA, reviews the new global regulatory initiatives and changing accounting standards and their business impacts on Asian financial institutions.
Synthetic Risk and Reward Indicator: Simplifying or Over-Simplifying Risk?
August 10, 2011 13:00 - 11 minutes - 10.1 MBIn episode #112, Paul D. Kaplan, CFA, shares his analysis of the Synthetic Risk and Reward Indicator (SRRI) that has been introduced by the European Commission for investment funds as a part of the UCITS.
Wall Street Revalued
August 03, 2011 13:00 - 10 minutes - 9.68 MBIn episode #111, Andrew Smithers discusses why the U.S. equity market is currently overvalued and argues that central banks should be encouraging a reduction in debt levels and quality growth over time, rather than rapid growth now.
The Latin American Investment Climate
July 20, 2011 13:00 - 13 minutes - 9.1 MBIn episode #109, Melvin Escudero discusses some of the elements that will be critical for Latin America's continued growth into the future.
The Gold Standard: Is It an Option?
July 13, 2011 13:00 - 7 minutes - 5.06 MBIn episode #108, John Authers discusses the merits of returning to the gold standard and offers some potential alternatives.
Geopolitical Joust
July 07, 2011 13:00 - 13 minutes - 6.12 MBIn episode #107, As the globalization of the investment profession continues and international uncertainty abounds, geopolitical risks are growing in importance. Pippa Malmgren examines these risks and highlights ways to identify and deal with their challenges.
The Investment Philosophy of a Seasoned Investor
June 29, 2011 13:00 - 11 minutes - 8.08 MBIn episode #106, Felix Zulauf shares his investment philosophy and his views on the Euro and investing in gold.
Demographic Trends and Their Investment Implications
June 20, 2011 13:00 - 13 minutes - 6.39 MBIn episode #105, Dr. Amlan Roy discusses the implications of demographic trends for geographic regions, countries, and industries.
Sustainability and Pension Fund Investing
June 15, 2011 13:00 - 11 minutes - 5.45 MBIn episode #104, Roger Urwin discusses the concept of sustainability as it applies to pension fund investing.
Failures and Successes of Wall Street
June 08, 2011 13:00 - 7 minutes - 3.44 MBIn episode #103, Roger Lowenstein discusses the continued importance of Wall Street, but takes issue with abusive practices that led to asset bubbles and costly bailouts.
Hedge Fund Alpha: Where to Find It and How to Capture It
May 31, 2011 13:00 - 16 minutes - 11.2 MBIn episode #102, Clifford S. Asness addresses issues regarding hedge funds, including the different risk and reward profiles of various strategies, the never-ending quest for alpha, and the growing interest in hedge fund replication.
ESG Data and the Investment Process
May 25, 2011 13:00 - 12 minutes - 8.33 MBIn episode #096, Curtis Ravenel discusses the use of environmental, social, and governance factors in the investment management process and the data currently available in these areas.
Managing an Investment Management Firm
May 18, 2011 13:00 - 15 minutes - 10.3 MBIn episode #101, Howard Marks, CFA, discusses his widely read client memos, his core investment philosophy, and strategies for making sure culture and philosophy at his firm are properly aligned across regions.
The Proper Role of the Fed
May 11, 2011 13:00 - 7 minutes - 4.87 MBIn episode #100, William Poole discusses the history of the Federal Reserve in the United States and the evolution of its mandates over time.
Geopolitical Risks and Trends
May 04, 2011 13:00 - 18 minutes - 8.51 MBIn episode #098, Kevin Kajiwara discusses the global investment implications of current geopolitical trends and risks.
The Power behind Investing in Alternative Energy
April 27, 2011 13:00 - 8 minutes - 6.13 MBIn episode #099, Russell Read, CFA, discusses the changing dynamics and where the opportunities lie for alternative energy.
Japan: Change in a Time of Crisis
April 22, 2011 13:00 - 12 minutes - 8.38 MBIn episode #094, Yasuhiro Oshima, CFA, gives his thoughts on Japan's recovery from the recent earthquake, tsunami, and nuclear crises.
Incorporating Family Dynamics into a Wealth Manager's Advisory Process
April 20, 2011 13:00 - 9 minutes - 6.19 MBIn episode #097, Lisa Gray discusses the importance of incorporating family dynamics into the advisory process.
The Proper Role of Art in an Investment Portfolio
April 13, 2011 13:00 - 9 minutes - 6.7 MBIn episode #095, The allure of investing in art is compelling to many investors, but is unfamiliar territory to many financial advisers. Jeffrey Horvitz discusses the pros and cons of adding art to your portfolio.
Risk and Portfolio Management
April 06, 2011 13:00 - 15 minutes - 11 MBIn episode #093, Attilio Meucci, CFA, offers a systematic approach to risk and portfolio management and describes some of the challenges and tradeoffs investors face when it comes to controlling risk in their portfolios.
Reflections on Decision Making and Counterintuition
March 31, 2011 13:00 - 11 minutes - 5.17 MBIn episode #090, Michael J. Mauboussin discusses the role of technical competence, "counterintuition," and the application of multiple mental models to the discipline of financial analysis.
Incorporating ESG Data in the Investment Process
March 23, 2011 13:00 - 9 minutes - 6.37 MBIn episode #092, Michelle Clayman, CFA, discusses incorporating non-financial environmental, social, and governance (ESG) data in the investment process.
Free Cash Flow and the Cost of Equity Capital
March 16, 2011 13:00 - 14 minutes - 6.71 MBIn episode #089, Kenneth S. Hackel, CFA, author of the book Security Valuation and Risk Analysis, challenges traditional thinking on important concepts like the cost of capital and free cash flow.
Equity Risk Premiums
March 10, 2011 13:00 - 12 minutes - 8.38 MBIn episode #091, Clifford S. Asness discusses a recent roundtable meeting on the equity risk premium (ERP) where forecasts for the future ERP were below historical levels.
Compensation Discussion and Analysis Template
March 02, 2011 13:00 - 9 minutes - 6.46 MBIn episode #088, Kurt Schacht, CFA, discusses the new CFA Institute Compensation Discussion and Analysis Template.
Hedge Fund Leverage
February 23, 2011 13:00 - 9 minutes - 6.23 MBIn episode #087, Andrew Ang analyzes the use of leverage in hedge funds including the high and low ranges in leverage, which strategies employ more leverage, and how the levels of leverage have changed based on changing market conditions.
Criticisms of Traditional DCF Analysis
February 16, 2011 13:00 - 5 minutes - 2.45 MBIn episode #086, Professor Aswath Damodaran discusses current approaches to valuation, particularly discounted cash flow valuation.
Value Investing Perspectives
February 02, 2011 13:00 - 11 minutes - 5.33 MBIn episode #084, Matthew B. McLennan, CFA, discusses his firm's utilization of classic Graham and Dodd investing principles and shares his perspectives on the current opportunities and risks in the equity markets.
Behavioral Finance Compared to Efficient Markets
January 26, 2011 13:00 - 10 minutes - 4.65 MBIn episode #085, Christopher Malloy contrasts the efficient market hypothesis and behavioral finance and discusses how investors can think about an inefficient market.
Best Practices in Fund Management
January 19, 2011 13:00 - 9 minutes - 8.32 MBIn episode #083, Daniel Broby, FSIP, discusses some of the best practices in the fund management industry today, the importance of fiduciary responsibility, and the role of codes of conduct.
Opportunities and Challenges in Eastern European Markets
January 12, 2011 13:00 - 6 minutes - 6.3 MBIn episode #082, Lars Christensen discusses central and eastern European markets and compares them with other emerging markets.
The Risk Factors and Economic Impact behind Commercial and Sovereign Debt
January 05, 2011 13:00 - 11 minutes - 7.84 MBIn episode #134, Stephen G. Cecchetti discusses commercial bank leverage, calculating risk weightings, and the long-term effects of excessive sovereign debt.