From private equity benchmarking and AI's impact on investment decision-making to quantum computing, goals-based investing, and the growing influence of capital flows, these were the five most-read Enterprising Investor blogs published in Q2 2026.
1. A Clearer Way to Benchmark Private Equity
Private equity benchmarking is evolving toward greater transparency and analytical rigor, but today's performance standards still rely on incomplete and inconsistent data. As benchmark quality becomes increasingly critical to investment confidence, the US Department of Labor’s new guidance elevates benchmark selection from a technical exercise to a fiduciary obligation, sharpening focus on how to evaluate performance when the reference point itself is uncertain, writes Sofia Gertsberg.
2. Essay: The Perils of Declining Judgment in the Age of AI
Artificial intelligence may improve efficiency, but overreliance risks eroding critical thinking. Markus Schuller examines what unbridled AI use could mean for human judgment and evidence-based investing.
3. Yes, You Should Gamble (Sometimes)
Should investors ever gamble? Franklin J. Parker, CFA, argues that, in a goals-based investing framework, carefully calculated risk can increase the probability of achieving financial goals. The key is distinguishing disciplined, intentional risk-taking from reckless speculation.
4. Quantum Computing vs. AI: Real-World Applications
Artificial intelligence dominates today’s technology landscape, but quantum computing could redefine what is computationally possible in investment management. Genevieve Hayman, PhD, and Oswaldo Zapata, PhD, explore how quantum computing differs from AI, where it may deliver real advantages in portfolio optimization, risk modeling, and trading, and why investors should pay attention as financial institutions begin experimenting with this emerging technology.
5. How Capital Flows Are Reshaping Markets
BlackRock Chairman Larry Fink’s 2026 investor letter argues that markets are increasingly driven by capital flows. Valery Bonakhau considers the implications for portfolio managers, from positioning ahead of inflows to navigating liquidity in a system where exits aren’t guaranteed.
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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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