Years after the financial crisis, not much has really changed. What does that mean for investment professionals who toil in the markets day after day?
There are times when investment processes are put under stress. In a most unusual way, this is one of them, although it is not discussed as such.
The series on checklists and decision making ends with some thoughts about the delicate balance in an investment process -- and the need to evolve to succeed.
There are some situations where checklists are used in the investment world, but the standard approach tends to be more free-form. Why is that the case?
Solving complex problems requires multiple perspectives and open communication among those involved. That's not how many investment businesses are built.
The investment business is dominated by the star system. Are there better alternatives for organizing investment talent to deliver value to clients?
It's never too late to read a good book. A multi-part review of one will lead to some observations about investment decisions, but first it lands in a most unusual place.
Can your odds in the market be mapped out? Whatever investment problem you are working on, what would the range of outcomes look like?
Much discourse in the investment world relates today's situation to one of the past. Therefore, the ability to see through the fog of comparison is very important.
To make good decisions over time, core beliefs have to be identified and questioned. Yet it's rare to find people good at doing so.
= one of tom's favorites