Klement on Investing

Klement on Investing

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The thin edge of the wedge
I have written before about the wedge in conviction about the importance of ESG to investment decisions.
12 hrs ago • 
Joachim Klement
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Klement on Investing
Klement on Investing
The thin edge of the wedge
2
Soft power through cuddle power
Both the US and the UK have reduced their international aid budgets this year, resulting in a significant loss of soft power for both countries.
Jul 18 • 
Joachim Klement
9

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Klement on Investing
Klement on Investing
Soft power through cuddle power
2
Who friendshores and why?
Ever since Donald Trump's arrival on the political stage a decade ago, the US has shifted its focus away from China and other trade partners.
Jul 17 • 
Joachim Klement
9

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Klement on Investing
Klement on Investing
Who friendshores and why?
What you see is all there is
One of the enduring concepts introduced by Daniel Kahneman in his book “Thinking, Fast and Slow” is “What you see is all there is”, our tendency to only…
Jul 16 • 
Joachim Klement
13

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Klement on Investing
Klement on Investing
What you see is all there is
2
Factor anomalies 1900 to 1925
Long-term readers will know that one of my key tenets about investment returns is to try to falsify findings out of sample.
Jul 15 • 
Joachim Klement
14

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Klement on Investing
Klement on Investing
Factor anomalies 1900 to 1925
5
The cost of greenwashing
In the past, the focus of professional ESG investors was on getting better disclosure and increased transparency of a business’ environmental and social…
Jul 14 • 
Joachim Klement
7

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Klement on Investing
Klement on Investing
The cost of greenwashing
1
Boost German consumption, blow up more ATMs
It’s a cultural thing, but Germans on average have a higher savings ratio and consume less than other Europeans.
Jul 11 • 
Joachim Klement
13

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Klement on Investing
Klement on Investing
Boost German consumption, blow up more ATMs
8
Fiscal reaction to interest rate changes
Normally, I write about monetary policy only when the Fed has a meeting, but today, when the ECB may or may not cut rates one more time, I wanted to…
Jul 10 • 
Joachim Klement
10

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Klement on Investing
Klement on Investing
Fiscal reaction to interest rate changes
3
Do you trust AI forecasts?
Analysts are using AI more and more as part of their research process.
Jul 9 • 
Joachim Klement
11

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Klement on Investing
Klement on Investing
Do you trust AI forecasts?
5
It’s a little bit more complicated than that
When it comes to making a point, there is a fine line between being nuanced and accurate and oversimplifying things to emphasise a conclusion.
Jul 8 • 
Joachim Klement
56

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Klement on Investing
Klement on Investing
It’s a little bit more complicated than that
The environmental impact of agricultural crops
We need to feed 8 billion people in the world.
Jul 7 • 
Joachim Klement
13

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Klement on Investing
Klement on Investing
The environmental impact of agricultural crops
1
Politics is broken, I mean, really
Here in the UK, we have had a week of assessments of Labour’s first year in office.
Jul 4 • 
Joachim Klement
27

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Klement on Investing
Klement on Investing
Politics is broken, I mean, really
6
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