article thumbnail

Arthur Zeikel’s Investing Rules

Barry Ritholtz

You cannot eat relative performance. Measure results on a total return, portfolio basis against your own objectives, not someone elses. Spend interest, never principal , If at all possible, take out less than comes in. Then a portfolio grows in value and lasts forever. The other way around, it can be diminished quite rapidly.

article thumbnail

A Reality Check on Private Markets: Part III

CFA Institute

Discover the flaws in traditional performance measures and how solutions like NAV-to-NAV IRR can offer a clearer view of private market returns. Is IRR misleading investors?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

PPM priorities and challenges for finance in Asia in 2025

Future CFO

Pramod Kumar Aligning PPM with overall business strategy Kumar reiterates the importance of "A deliberate and integrated approach that directly connects process design, performance measurement, and continuous improvement to strategic objectives."

Finance 52
article thumbnail

Escaping the Benchmark Trap: A Guide for Smarter Investing

CFA Institute

Pim van Vliet, PhD, is head of Conservative Equities and Chief Quant Strategist at Robeco. As head of Conservative Equities, he is responsible for a wide range of global, regional, and sustainable low-volatility strategies. van Vliet is a guest lecturer at several universities, author of an investment book and speaker at international seminars.

article thumbnail

Quality of Earnings: A Critical Lens for Financial Analysts

CFA Institute

Quality of Earnings: By approaching financials with this sharper lens, analysts can not only anticipate problems but also identify opportunities that align with long-term value creation.

article thumbnail

How Do Shareholder Loans and Intangible Assets Impact PE Financials?

CFA Institute

Investment professionals must carefully consider how shareholder loans and intangible assets influence financial ratios, as these factors materially shape the post-buyout financial landscape.

article thumbnail

Portfolio Confidential: Five Common Client Concerns

CFA Institute

Barbara Stewart, CFA, has 33 years of investment industry experience; five years as a foreign currency trader, more than two decades as a portfolio manager for high-net-worth entrepreneurs, and during the past eight years, as an interview-driven researcher for multiple global financial institutions.