This article, previously published in CFA Institute Conference Proceedings Quarterly in 2009, addresses how broad trends in markets may distort the price/value relationship and how these trends may influence the providers of capital and the intermediaries who invest the capital.
Reprinted with permission from CFA Institute Conference Proceedings Quarterly, vol. 26, no. 1 (March 2009):21–28.
This presentation comes from the Next Generation Asset Management conference held in Washington, DC, on 12–13 June 2008.