Sitemap - 2021 - Klement on Investing
Christmas edition: Merry but deadly
Robots reduce income inequality, just not in the way we want
Billionaires aren’t better looking than other people
The overlooked opportunity in CLO
From low interest rates to market dominance
The continued value of satisfied employees
The benefits of technology: Gay people are everywhere now
The value of transparency for smaller firms
Voluntary giving is not a great solution
How to lower your cost of capital using ESG
How important are intangibles? Very!
No, it’s not the aging population
Getting on the same wavelength
Transparency -> Accountability -> Performance
Checking in on the retirement crisis
The sad state of sexual harassment underreporting
Institutional investors don’t care about gold anymore
Long-term ESG risks and pension funds
It really is the dismal science
Harder than forecasting the economy
The long-run effect of austerity: Real rates will go down
I picked that stock, so it won’t go down
Should beneficiaries decide how pension funds invest?
It seems I am not special after all
Upside risk is not risk, except…
Why we need a higher price of carbon now
Invert, always invert – energy crisis edition
The macro revolution continues
When will venture capital catch up?
On the abolition of all social media
Skills that set you apart as an investor
The Bashi Channel and echoes of the past
Multibagger stocks aren’t rare, but that doesn’t mean it is easy to find them
Extreme consensus about climate risks to investments
Social interaction gets you a better deal
The arithmetic of high conviction portfolios
Shock and awe works, but should it?
Clients want sustainability and advisers take full advantage of it
A farewell to the best political leader of the 21st century (so far)
International spillovers: It’s mostly in your head
That’s the point of being active
Do momentum crashes announce themselves?
Benchmarking has become circular
How big was the value factor really?
Does leverage improve performance?
Can we tax people into more sustainable behaviour?
Advertising ROI: Print is better than you may think
Should we abandon fair value calculations? Part 3
Should we abandon fair value calculations? Part 2
Should we abandon fair value calculations? Part 1
Elect left-wing politicians to fight income inequality? Really?
Cash is still king – at least emotionally
Rational at night, irrational at day?
Investors are learning to deal with cyber risks
CBDC Part 4: A new form of monetary policy?
Illuminating economics’ biggest error
Should the US introduce a carbon tax?
Managers and directors will not like this
CBDC Part 3: What could possibly go wrong?
Short-termism and momentum investing
30% of social media use is due to lack of self-control
How to survive a black swan event: Cash is the only thing
A vital characteristic of successful investors: Grit
Climate is non-linear and that may be a problem
Enclothed cognition or: Casual Friday can be bad for you
Cyber risks affect every company
Is value dead and if so, since when?
There is no I in team, but there better be no superstars either
The flip side of more effective government spending
Fiscal stimulus in times of low interest rates
Nobody expects the Spanish Inquisition to matter today, but it does
If retail investors buy, what do corporate insiders do?
Such are market reactions to fundamental news
Analysts playing the lottery (stocks)
When does your car insurance expire?
To make a profit, you need to get two decisions right
The long-term impact of low interest rates on company balance sheets
The most dangerous combination in finance
Green Carrots and Sticks: Incentivizing Climate Solutions
How do you do that without fighting all the time?
A little planning goes a long way
Short-term reversal or short-term momentum?
Why I don’t read the Wall Street Journal
Why Europe leads on climate change
What makes a company successful?
The impact of low inflation on bank lending
Good news for bearers of bad news
Large budget deficits forever?
Are rich people better investors?
Good day sunshine? Not so much
Why do people invest in cryptocurrencies?
This post confirms three things at once
Let’s talk about your debts to see if you like stock investments
Capitalism for the 21st century
Do managers know when to hire?
How investors make their forecasts
What looks large to you may not look large to her
Heads I win, tails I don’t lose
The biggest climate stress test so far
When you can start ignoring an investment argument
Following in the footsteps of Japan
Machines can make us better investors
Probably the best way to make money with economics
Guaranteeing mortgages may not be such a great idea
If it feels like markets behave differently today, you’re not wrong
Beware of those capitalist charities
Why isn’t this a bigger bombshell?
The long-term outlook for CO2 as an investment
Don’t just do something, sit there
Singapore and Switzerland in the crosshairs?
Want to hurt your competition?
The number we all should be more familiar with
Discrimination on an earnings call
What you think is fair, depends on how much money you make
Why investing is so much fun, part 2
Bundesliga to abolish VAR in favour of ghost games
No, retail traders aren’t the smart money
ESG risks can cost a CEO’s job
The investment success of night owls
Why central banks should be “behind the curve”
Who pays for Chelsea’s players? Hint: It’s not Abramovich
Education influences fund management style
That didn’t turn out as planned…
Why inflation feels higher than it is
When index trackers act as magnifying glasses
Popping an emerging ESG bubble
The scariest chart in the world
And another unintended consequence of negative interest rates
Why do smart beta ETFs perform so poorly?
Energy companies don’t get no respect
How to get more followers on Twitter
Executives know how to manipulate investors
Demographics and inflation: I am not convinced
The tortoise, the hare, and the snail
The large cap bias in ESG investing
If you have to be told to be nice, it probably won’t work
Economies of scale in banking? Negative
This is not how economics works
A must-read paper on USA vs. China
When good G reduces your risks in E and S
Why transplant surgeons should like bear markets
Your short-term investment heroes
GameStop, or: why the short-sellers win
We all pay for it – one way or another
Stocks in the long run… are still risky
It sounds like a bad joke, but then again…
Pitfalls of the inflation narrative
The economic incentives in the South China Sea
Piketty thinks redistribution hasn’t worked
Should real interest rates be even lower in the long run?
Gold as a crisis hedge revisited
Climate risk is already priced in bank loans
Does their cultural background affect analyst forecasts?