Let’s be honest here for a minute. We know that sell-side analyst recommendations on average are not very helpful – an observation that is supported by…
Joachim Klement
For most of my career, I was working in wealth management of some sort or another. One of the empirical findings that you come across there again and a…
Joachim Klement
The decision to consume your income or save it for future use is one of the most fundamental decisions in the world. Economic theory tells us that I = …
Joachim Klement
This article was originally published on the Enterprising Investor blog on 24 February 2020. I rewatched the Orson Welles docudrama F for Fake the othe…
Joachim Klement
Dear readers My American readers who are clearly much more informed about American history than I am noted that my death tolls for the wars have been v…
Joachim Klement
One of the things I was pondering is how stupid we are on a global and sometimes on a national level in facing this pandemic. There is a massive shorta…
Joachim Klement
Central banks in Europe are stuck in a corner. Their interest rates are at or below zero and now the economies in Germany and Italy are dropping into r…
Joachim Klement
I use to joke that I can tell which country an investor lives in and which industry she works in just by looking at her portfolio. It is a natural tend…
Joachim Klement
Note: A version of this article has been published at the CFA Institute Enterprising Investor Blog. Imagine an AI that was built to do one task: Manufa…
Joachim Klement
I am in the process of editing my second book that will hopefully be published in late 2020. Don’t worry, I am not going to ask you for money for this …
Joachim Klement
One of the things that I do instinctively every time I look at short-term movements is to check if the performance of markets is “consistent”. What I m…
Joachim Klement
As the countries of the world fight the Covid-19 pandemic, there are clear differences visible in how the general population reacts to the measures rec…
Joachim Klement