Sitemap - 2024 - Klement on Investing

To have a blockbuster, appeal to values

The rise of shadow banking in two key charts

In theory, trade wars are easy…

Bang for your buck in private capital markets

Normalisation of deviance

You’re going to miss me when I am gone

And the winner was…

Public finances are like stocks

Exorbitant privilege or why the UK cannot do what the US does

Evidence-based happiness

The next time you complain about your taxes do this first

Leaking like a sieve

Don’t tell me how I am doing

Tax havens…

Invest in a company that cannot go bankrupt

Investment consultants re-arranging deck chairs

How retail ETF investors screw themselves

Reshoring leads to more global trade

The dollar is strong…

Do ESG fund managers have ESG skill?

London’s skyline is weird

Keeping up or hanging out with the Joneses

Wading into a political minefield

Financial statements we should pay more attention to

What happens when you divest from BP and Shell?

Armed conflict investor survival guide

The French and their wives

When tax cuts lead to higher tax rates

When worrying about inflation becomes your identity

The (declining) benefits of macro hedge funds

European companies are finally buying back their shares

The geopolitics of the energy transition: Are fossil fuels more secure?

What a difference a tree makes

What the Germans think about their debt brake

The foolishness of effective altruism

My latest article on Marketwatch

The shocking consequences of living in the here and now

The roots of deglobalisation

What if it never happened?

The Trading Game

Want to know which stocks I like?

Pricing climate risk

Framing matters: Inequality edition

Memories of (dis)inflation

Is the Fed losing its independence?

Persistence > performance

Home bias everywhere

A waste of time and money

Why quality stocks perform so well

Japan is the playbook, not the exception

This is not what I normally do here…

Increasing collective intelligence

Hay fever, the deadly allergy

You hit my soft spot…

Retail investors and earnings surprises

The very real effects of consumers’ hopes

Housing affordability around the globe and what really helps

Teams are more than just a collection of the best talent

Mostly useless

Post-earnings announcement drift is not just for equities

Stocks (and bonds) for the long run: Part 3

Narcissists vs. pushovers

Fighting corruption in Africa, one US law at a time

A Protestant retirement ethic?

A historic moment

Reducing the factor zoo for bonds

Stocks (and bonds) for the long run: Part 2

Now that rates start to fall again…

Improving valuations through better governance

Prisoners of our genes or masters of our destiny?

Which economic surprises matter?

Stocks (and bonds) for the long run: Part 1

Free money, who doesn't like free money?

Managing private equity portfolios

Sustainability helps you reduce costs

Want to be a great fund manager? Don’t study finance

What happens if China sneezes?

The investor experience with thematic funds

How many factors do you really need?

The rise of ESG investing among (wealthy) retail investors

Facial Plastic Surgery Alert

Fiscal rules are good rules

What’s the right level of inflation?

The Fed may extend the life of zombies

Stability seems to be key

I want to shoot the whole day down

Should we prefer bonds over stocks?

When optimism becomes a dirty word

Your network matters, but not always to your benefit

I think I’ll never get back on the good side of MSCI ESG…

Victor Wembanyama may not reach the peak of his abilities at San Antonio

Rate hikes and the damage to our national productivity

From cynical bubbles to cynical liquidity

Riding the wave, cynically

The quantification of ESG investing

Why do we hate creativity?

The lasting effects of the current inflation

Geopolitical decoupling and commodity prices

From oil price speculation to higher inflation?

The backlash against ESG investing seems to go nowhere

Understanding human stupidity in a post-truth era

Only academics believe in efficient markets

Oh those share price forecasts

Podcasts to help you make sense of 2024

It's 2024 and life is still messy