Jul 3, 2019 | CKW's Blog |
Gatekeepers who are or want to be Asset Managers need to choose. The standards of Gatekeepers letting Asset Managers pass the gate have not changed much since I taught Manager Selection and Due Diligence for IMCA’s CIMA certification. What has changed are the...
May 15, 2019 | CKW's Blog |
The generalists are mostly gone from our profession and the professionals are now specialists. Technology will continue to bring cheaper, better products to the consumer. ETP are one example of technology driving cost down and eliminating the many middlemen. Due...
Feb 8, 2019 | CKW's Blog |
Both passive and active are here to stay. The correct answer to which is better? As always is, “It depends.” It depends on what is passive and what is active. And in the end, people will disagree anyway. An index based on screening for different variables used by...
Nov 1, 2018 | CKW's Blog |
4/11/16 – We asked for an $18 trillion loan. No one responded. At the time the market PE was approximately 16x current earnings or an E/P earnings yield of 6.25% plus a dividend of 2%. 8/12/16 – The DOW was at 18,473 – 450 times its original value of 40.94 in 1896....
Sep 19, 2018 | CKW's Blog |
An OCIO is the natural evolution of investment advice. Our industry has gone from calling each client and getting permission to buy individual securities to calling each client to hire and fire a manager or mutual fund to being an OCIO with discretion. Institutions,...
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