Forum Fodder

Forum Fodder | Friday 18 October 2024

“To me, the most beautiful word in the dictionary is ‘tariff’.” - Donald Trump, former US President and current presidential nominee, in an interview with Bloomberg News (16 Oct 2024).

All the best for another week’s continuing education!
Graham

Markets

Kamala Harris’s economic priorities
With polls suggesting that Kamala Harris has at least a 50% chance of winning next month’s US presidential election, questions about her economic-policy agenda have come to the fore.
Nouriel Roubini, Roubini Macro Associates | Read

Strategies | Investing | Philosophy

Research Spotlight: Brandywine Global Opportunistic Equity
This Research Spotlight focuses on the Brandywine Global Opportunistic Equity strategy, a benchmark unaware true value global equity strategy that has produced very strong alpha.
Portfolio Construction Forum | 0.50 CE | Watch, Listen

Markets | Finology | Philosophy

Thinking Differently: Markets - more than the sum of the parts
Read any book on Complexity Science and the first example of a Complex Adaptive System is the economy and financial markets. Complex systems exhibit “emergence” which means that the whole is always more than the sum of its parts.
Wayne Fitzgibbon, Thinking Differently | Read

Strategies | Markets | Investing | Philosophy | As seen at Strategies Summit 2024

Private markets should be used to replace public equities
In a higher interest rate regime, with a higher correlation between stocks and bonds, replacing public equities with private market investments makes sense.
Matthew Michelini, Apollo Global Management | 0.25 CE | Watch, Listen

Markets

Reshoring is not permanent - 4 countries that need to stay ahead
Manufacturing reshoring by global multinationals is key to economic development in frontier and emerging markets. Understanding the shifting dynamics can be critical to investment decision-making at both the country and sector level.
Chris Rogers, S&P Global | 0.25 CE | Read

Strategies | Markets | Investing | Philosophy

Short Course: Mastering private debt investing
Examining the unique characteristics that make private debt a compelling investment. Private debt has grown in popularity as an alternative source of debt financing, with the asset class tripling in size since 2008. Curated and produced by Portfolio Construction Forum, and led by private debt investing subject matter expert, Andrew Lockhart, this self-paced, two-hour online short course equips you with the expertise to navigate private debt investment confidently across diverse market conditions.
Metrics & Portfolio Construction Forum | 2.00 CE | Enrol

Finology | Philosophy | ** Premium **

On The Hunt: Ethical behaviour profiling
On the Hunt is a monthly lecture series focused on the human factors in investment portfolio construction, including the ethical implications. It will help you better identify and understand how investing biases, beliefs and behaviours impact portfolio construction practices - and therefore, investment outcomes - to help you build better quality investor portfolios.
Katherine Hunt, Ardentura Consulting | 1.00 CE (Ethics) | Premium | Enrol

Finology | Philosophy | ** Premium **

Behavioural Finance: Investment decision-making short course
Led by behavioural finance expert, Herman Brodie, this online, on-demand course completed at your own pace will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.
Herman Brodie | 8.00 CE | Enrol

Markets

Harris plays chess while Trump plays checkers
So far, financial markets have remained largely indifferent to the upcoming November US presidential election. In my view, the odds of a Democratic sweep are increasing, and investors would be wise to pay attention.
Kenneth Rogoff, Harvard University | Read

Markets | Investing

Crockpot: Inefficient markets - great for active equity managers
It seems plausible. A lack of research means inefficient pricing and lots of opportunities to find bargains, and inefficient markets are full of less skilled investors. Alpha is lying around just waiting to be collected.
Tim Farrelly, farrelly’s Investment Strategy | Read

Strategies | Markets | Investing | Finology | As seen at Strategies Summit 2024

Macro Matters! The whole is greater than the sum of its parts!
Powerful geopolitical, demographic, environmental, technological and sociological trends are reshaping our world, impacting investment risk and uncertainty and how best to design portfolios capable of improving the financial well-being of individuals
Macro Matters panel | 1.00 CE | Watch, Listen

Strategies | Markets | Investing | Finology | As seen at Strategies Summit 2024

Practitioners must consider all of the parts
Our diverse panel of experts identified their key takeouts from Strategies Summit 2024 and the portfolio construction implications.
Key Takeouts panel | 0.50 CE | Watch, Listen

Finology

Research Review: Algorithm aversion
The financial services industry has long embraced the potential of AI-based systems including robo-advice. These two papers review the psychological and relational dynamics that arise from “algorithm aversion”.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE | Read

Markets | Finology

Do political leaders deserve a break?
Short breaks can improve decision-making and overall performance. A 2023 study found that holidays “meaningfully improve” the accuracy of equity analysts’ earnings forecasts.
Ngaire Woods, Oxford University | Read

Markets | Investing | Philosophy

Thinking Differently: Pippa Malmgren
With armed conflicts raging in Europe and Middle East, and the prospect of a US-China showdown over Taiwan, many investors believe World War III is increasingly likely. But the Forum’s Visiting Fellow, Pippa Malmgren, thinks differently…
Wayne Fitzgibbon, Thinking Differently | Watch, Listen

Markets | Finology

Will humans survive the rise of the machines?
Wetware-powered AI is changing the way we manage risk and uncertainty, including in financial markets. Its rise will also profoundly change how humans think about the nature of reality — in finance and more generally.
Pippa Malmgren, Portfolio Construction Forum| Read

Markets

The Inquisitor: WWIII is increasingly likely – Woody Brock
The free world faces two related threats. First, the likelihood of World War III is rapidly rising. Second, the creation of a coalition of law-abiding nations appears less likely. And investors anticipating significant interest rate cuts face disappointment.
Robert Huebscher, Portfolio Construction Forum | Watch, Listen

Markets

Are supply chains fixed or broken? Outlook for 2024 and beyond
Are supply chains fixed or broken? In the second half of 2024, firms are having to deal with logistics network volatility. Heading into 2025, political and regulatory risks provide risks and opportunities for investors.
Chris Rogers, S&P Global | 0.25 CE | Read

Forum CE Library - over 1,000 CE/CPD hours
Complimentary for all Forum members, the Forum’s online on-demand CE Library offers over 1,000 CE/CPD hours of accredited learning resources, to help members meet the CE/CPD requirements of 20+ governing bodies (regulators, associations, and institutes) including ASIC, APRA, Legislated (AU)/FAAA, FMA and CIMA^® CE/CPD requirements, to name just a few.
Earn CE/CPD hours

Forum CIMA CE Library - over 170 CE hours
This subset of our full CE Library features just those learning resources that are accredited for CIMA CE hours, so CIMA certificants can more easily find learning resources to meet their recertification obligation (at the same time as meeting the CE/CPD requirements of other governing bodies e.g. ASIC, APRA, Legislated (AU)/FAAA, FMA etc).
Earn CIMA CE hours

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