These are the 10 Most Read Enterprising Investor blogs published in Q1. They offer a clear view into what your peers are reading, and where attention is concentrating across portfolio strategy, market shifts, and evolving investment practice.
1. Three Risks of Relying on the S&P 500 in Retirement Planning
2. Shifting Tides in Global Markets: The Reemergence of International Investing
Since the global financial crisis (GFC), US equities have been the centerpiece of global portfolios, benefiting from a powerful mix of dollar strength, technological innovation, and economic resilience. In Shifting Tides in Global Markets, Rohit Goel, CFA, and Apoorv Bhargava explore whether this outperformance marks the start of a structural trend.
3. Incentives Are Dangerously Aligned in Private Markets
Drawing on more than 200 years of financial history, with the 2008–2009 global financial crisis (GFC) as a reference point, Mark J. Higgins, CFA, examines the private markets supply chain end to end to show how participants can each act rationally in isolation while collectively amplifying systemic risk.
4. The Music Has Stopped in Private Markets
In a follow up to Incentives Are Dangerously Aligned, Mark J. Higgins, CFA, cautions that two decades of excess investment is trapped in private markets. Private credit may be experiencing the first tremors, but private equity is likely even more problematic because it has absorbed excess capital for longer, he advises. Higgins poses three questions to explain how it is unfolding.
5. AI in Finance: Changing Workflows, Growing Demand for Human Judgment
GenAI is transforming investment workflows, raising critical questions about human judgment, task design, and the future of the profession. This blog by Rhodri Preece, CFA, was published on the heels of AI in Asset Management: Tools, Applications, and Frontiers.
The AI in Asset Management book was a joint initiative between the CFA Institute Research Foundation and Research and Policy Center that includes contributions from experts around the globe. Each chapter is supported by a Practitioner Brief delivering role-specific insights in a digestible format.
6. Why Static Portfolios Fail When Risk Regimes Change
This is the first in a series from Bruno Luiz Buriozzi, CFA, titled Risk Regimes and Portfolio Resilience. Why Static Portfolios Fail examines why fixed portfolio structures struggle when regimes shift, and what portfolio managers must do differently when correlations, volatility, and macro forces no longer behave as expected. If you like this one, explore the second in the series, Shape Portfolio Losses with Derivatives.
7. Decoding CTA Allocations by Trend Horizon
Framing CTA allocations as explicit horizon-based exposures allows investors and fiduciaries to move beyond generic classifications and toward governable, portfolio-relevant risk decisions, write Eric Benhamou, PhD, Jean-Jacques Ohana, CFA, Béatrice Guez, and Thomas Jacquot, CFA. The team demonstrates in Decoding CTA Allocations how this is true whether implemented through traditional SMAs or AI-supported replication approaches.
8. What the Market Knows That WACC Doesn’t
Traditional finance relies heavily on backward-looking inputs. Kevin Prall, CFA, makes the case for incorporating MIDR alongside the widely used weighted average cost of capital (WAAC) in What the Market Knows. MIDR (market implied discount rate) exposes hidden risk premia, highlights misalignments between theory and market pricing, and anchors strategy in observable investor behavior, he argues.
9. Attention Bias in AI-Driven Investing
AI tools may favor popular stocks over overlooked ones, embedding attention bias into investment decisions, writes Toghrul Aghbabali. In practice, this means paying attention not just to what AI produces, but to patterns in its outputs.
10. Synthetic Risk Transfers Are the Talk of the Town. But Are They as Scary as They Look?
SRTs help banks free up capital, but growing use has raised concerns about rollover risk, investor concentration, and leverage. Alfonso Ricciardelli, CFA, maintains that SRTs are a rational approach to redistributing risk and freeing capital for investment, especially in Europe, where banks are by far the dominant player.
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All posts are the opinion of the author. As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.
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