Sitemap - 2023 - Klement on Investing
Christmas Edition: Red-Pilled about Santa
Challenging conventional wisdom
When investors ruin a great asset class
First you predict, then you take risks
Germans don’t care that much about beauty; Italians, meanwhile…
The economic impact of populists
Shifting blame for underperformers
Let’s talk about sex(ual capital)
How do businesses adopt innovations?
The investment benefit of healthy teeth
An interesting way to detect future earnings disappointments
You can make money looking at sentiment
Yet another reason not to trust ESG ratings
This could become a problem for Europe in 2024
The strange attraction of circuit breakers
Making money while undermining democracy worldwide
How much damage have we already done?
This would be a great feature on mobile phones
Average is not the same as median…
So, you’re trying to manage inflation…
AI makes people more effective if they embrace it
A complicated chart with an important message for fund selectors
Banks really aren’t that complicated
A generation of hopeless activists?
Why we should enforce antitrust laws more
I am pretty sure this is nonsense
Good times can beget good times
Another reason not to use ESG scores
Need to negotiate a contract: Here is some guidance
Why the post-earnings announcement drift happens
How to become a better investor: Avoid stress
Corporate purpose statements: Mostly hot air?
If you really have to do that…
Nobody expects the Spanish rain prayer
Of boiling frogs and underperforming investments
French are socialists, Greeks are lazy, Europeans are bad at capitalism…
I hope this is going somewhere
The ECB as a bellwether for the Fed
It takes brains to take advantage
Your pay is determined by the gender of your boss
Looking for a job abroad? Don’t move to Germany
More can be better – education edition
Is this the monetary policy of the future?
The cost of carbon taxes to the economy…
Not even the machines are rational
How much are green buildings worth?
The drag on earnings growth from higher interest rates
Blame big tech for the lack of IPOs
Against Cassandras: The performance impact of Cassandras
Has the Phillips Curve become steeper?
Divest or engage on social matters?
If you want to spend less, pay cash…or with a mobile phone
Against Cassandras: World War III
Bear market investors think different
We have been doing this all wrong
It’s not just in your head, it’s in your eyes as well
Sustainable investments and risk taking
Nobody expects the Spanish rain prayer
No, short-term investors are not bad for a company
The UK’s productivity problem: It’s not lazy workers
Against Cassandras: The government debt ‘bomb’
What not to say on an earnings call
People think sustainable investments underperform, except the ones who invest in them
Of chicken and eggs, but not as you think
Against Cassandras: Interest rate normalisation
The disposition effect messes with you
Have you considered hiring a CEO from a not-for-profit?
Want to raise capital? Look at the weather forecast
Are investor-paid ratings really better?
Against Cassandras: The US Dollar
How to spot a house price bubble
AI, automatization and retirement
ChatGPT is learning to forecast
Insider trading, 21st century edition
A thought about bank profitability
How to reform government finances
Another use of voluntary turnover data
I am glad, I didn’t participate in this study
Sentiment cycles created by institutional investors
Costs are certain, so what happens when you remove the costs?
We really are bad at forecasting markets
People like their fossil fuels until they are hit by a hurricane
‘Growth’ is not the same as ‘growth’
Why are large companies so dominant?
How do practitioners use ESG data?
How We Judge Drivers Differently Than Other People (And Why It’s Not Like We’re Killing Anyone)
The visible impact of trading in the dark
I will go for outperformance, thank you very much
Stick with what works, fiddle with what doesn’t
The first really awesome biodiversity resource
Sunday investors vs. Monday investors
When hedge funds milk ETF investors
This is why you test results in different markets
Dividends matter, growing dividends matters more
You really need to correct for intangibles
This explains why my performance is so good and my career so bad…
Why the sell-side is NOT harder than the buy-side
Corporate tax increases in a globalised world
Engage or withdraw? What do the largest fund managers do?
How much of your salary is punitive damages?
Which asset allocation works best? A rear-view mirror back to 1926
Hedge funds: Flying solo or managing as a team?
The productivity problem of Chinese companies
You can do it. No, really, you can
The curse of having to invest in large caps
Material inflation risks or: why a US listing may be riskier than you think
The hidden benefit in Morningstar fund ratings
How best to finance innovation
Why would you buy expensive stocks?
What makes shareholders engage with companies?
A boost to productivity growth from AI?
Star analysts think they know better
Diversity washing is increasingly a thing
From too much research to too few start-ups
If only we could have known beforehand
We need to talk about carbon credits
Show me your playlist and I tell you how you invest
Do we produce too much research?
Forward guidance and the ‘Greenspan moment’
A chat about geopolitics, business, and investments
The real-life costs of central banks missing their inflation targets
A deeper dive into our productivity puzzle
Winning the global losers game
Do fund managers believe in ESG?
Good old times, innovation edition
Global Britain or Britain alone?
The world’s most common forecasting mistake
The cost of the Peter Principle
Sustainability-linked loans with room for improvement
The World Cup is long over, time for an honest evaluation of English players
The information tortoise vs. the breaking news hare
Interest rates vs. earnings in 2023
Knowledge transfer in organisations
Kickbacks are bad for clients, banning kickbacks is even worse
Hiking rates in a shifting economy
Stakeholder management in action
I knew it, you knew it, here is the data
On the importance of long-term earnings forecasts
How a wage-price spiral looks like
The detachment of the Fed Open Market Committee
How much is a sustainability label worth?
Free speech absolutism is dangerous
Equal weighting works, but why?
Does China or Russia benefit from US sanctions?
Are people going to hold more cash in the future?
How do people have a midlife crisis?
The problem with executive compensation plans
Your investment portfolio has nothing to do with who you are
So this is why the British love their tea
About those inflation expectations
Scope 3 emissions and the cost of debt