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The Research Puzzle postings

Looking in the Rearview Mirror 10/14/22 The Research Puzzle

We’ve seen the progression before: Unexpected market moves leading to a blow-up and then a reexamination. What’s really needed is a new approach to risk management.
Four for Friday ~ It’s The Political Season (Always) 09/23/22 The Research Puzzle

A look at some research about political beliefs and how they affect investment decision making.
Cliques and Claques in the Ecosystem 09/22/22 The Research Puzzle

While not often taught to investment professionals, the disciplines of sociology and anthropology are essential to understanding both asset pricing and how organizations operate.
Campbell Harvey on Quantitative Investment Strategies (and More) 08/10/22 The Research Puzzle

The noted academic researcher weighs in on economic foundations for strategies, corporate and investor behavior, diversification and rebalancing, research methods and incentives, crowding, manager selection, ESG, crypto and DeFi, and time horizons.
Valuing Otherness in Investment Organizations 07/20/22 The Research Puzzle

Are there opportunities to take advantage of the biases of others in the talent selection process by better understanding issues of gender, race, and disability?
Finding the Right Talent 07/14/22 The Research Puzzle

It’s a people business, so the logical place to start a long series on the new world of investment work is with a book about finding and evaluating talent.
Four for Friday ~ The Role of Sell-Side Analysts 05/27/22 The Research Puzzle

In the first ever “Four for Friday” posting: “Great quarter, guys,” robot analysts, non-deal roadshows, and the mix of “investing” and “the game” in sell-side roles.
Questions about the Dominance of Indexed Strategies 03/28/22 The Research Puzzle

A profound change has taken place in many portfolios that are supposed to produce alpha, from a focus on finding the best individual holdings to an environment in which many are “agnostic to security-level information.”
Addressing the Culture Gap 01/26/22 The Research Puzzle

Every industry has its own ways. To what extent can those in the investment world learn from other kinds of organizations (and the research about them) as a means to continuous improvement?
The Elusive Full Market Cycle 01/18/22 The Research Puzzle

Certain phrases are used frequently by investment organizations and yet are not clearly defined or put into practice as advertised. Here’s one example.
The ESG Juggernaut and Points of Pushback 11/26/21 The Research Puzzle

This posting outlines key areas for debate regarding the predominant investment issue of the day. In many organizations, these considerations and the uncertainties surrounding them have not been adequately addressed.
Forces in the Ecosystem 11/09/21 The Research Puzzle

Segmentation, aggregation, migration, popularity, order, and disorder are constantly at work, altering opportunities and risks in the prices of assets and the fortunes of market players.
The Problem of Overconfidence in Investment Practice 10/23/21 The Research Puzzle

“Fake it till you make it,” they say, but fostering promotional conduct rather than an open examination of the issues at hand is a significant problem in many investment interactions.