Articles in - Month: August 2020

A Guide to Donor-Advised Funds: Five Factors

Donor-advised funds (DAFs) are a unique type of charitable giving vehicle that require a specialized approach to strategic asset allocation decisions. At a basic level, DAFs need to be open to unlimited donors, each of whom can have unique charitable intentions, time...

Living with Risk: The COVID-19 Iceberg

“The pandemic crisis now rests on a fulcrum. On one side is Covid-19 and every possible action that might prevent people from contracting and dying from infection. “On the other side is everything else that matters: livelihoods that allow people to feed and shelter...

Don’t Overlook Accounting Comparability

Accounting decisions involve significant judgment. After all, US GAAP gives firms the discretion to choose among alternative accounting methods when it comes to inventory valuation, depreciation calculation, derivative accounting, etc. It also gives managers...

Why You Should Be a Goals-Based Investor

Imagine for a moment that you owe a violent loan shark $10,000 by tomorrow morning. But today you have only $7,000. Now suppose you visit an economist for help. You desperately ask, “What am I to do?!” Our economist, being highly trained, administers a risk-tolerance...

Book Review: Achieving Investment Excellence

Achieving Investment Excellence: A Practical Guide for Trustees of Pension Funds, Endowments and Foundations. 2019. Kees Koedijk, Alfred Slager, and Jaap van Dam. John Wiley & Sons. Most investment books focus on portfolio management and asset allocation. Little...

Negative Interest Rates: Accentuate the Positive

Negative interest rates were viewed as an unorthodox experiment when the European Central Bank (ECB) first implemented them in 2014. Despite unfavorable comparisons to traps and shackles, a growing number of countries have adopted them in the years since. As...