All articles by Daniel Ben-Ami – Page 3
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Opinion PiecesThe fiscal shift is no solution
There is a growing consensus that there needs to be a shift from extraordinary monetary policy to fiscal activism. Although quantitative easing (QE) will continue, there is a widespread recognition that its effects are diminishing.
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Opinion PiecesBond bubble threatens emerging markets
Although the prospect of a trade war is the tail risk that has most worried fund managers since mid-2018, other potential perils look more threatening
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FeaturesPerspective: Fear the walking dead
Zombie firms – those dependent on the easy availability of cheap credit – threaten to suck the life out of otherwise viable companies
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InterviewsStrategically speaking: Wells Fargo Asset Management
By his own account Nico Marais is an extraordinarily lucky man. The CEO of Wells Fargo Asset Management (WFAM) is keen to use every opportunity to emphasise his good fortune. In Marais’s modest telling of his own story, his success is thanks to the qualities of others, rather than to his own merits. “It’s the story of my life. I’ve just always worked for amazing people,” he says.
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Opinion PiecesStoring up future pain
Anyone who back in 2008 had accurately predicted what monetary policy would look like today would certainly have been regarded as unhinged.
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FeaturesGlobal conflict: Another side of the triangle
So much attention is focused on the trade conflict between the US and China that it is all too easy to miss the bigger picture
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Special ReportFinancialisation: The commodities conundrum
It is an important practical question but it is hard to untangle how commodity prices are determined
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Opinion PiecesMarket paradoxes demand new ideas
It is the most fundamental premise of investing yet it is increasingly redundant: invest your money rather than hiding it under the mattress
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News
Opinion: Far more than a trade war
The are reasons to question the accepted description of the current tensions between the US and China, writes Daniel Ben-Ami – it is arguably far more serious
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InterviewsStrategically speaking: Muzinich & Co
We are living in Disneyworld,” says George Muzinich, the CEO and chairman of Muzinich & Co, a New York-based investment manager specialising in corporate credit.
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FeaturesThe Disneyworld trap
The remarkable reversal in the outlook for official interest rates over the past few months has received relatively little attention. Until recently it was widely accepted that rates could only move upwards. It looked almost certain that quantitative tightening (QT) would supplant quantitative easing (QE). Now the balance has reverted to further monetary accommodation.
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FeaturesNo going back
There is no going back to the days when the key political divide was between mainstream left and right
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Special ReportEurope Outlook: Behind the gloom
Pessimism abounds about Europe’s prospects but is it justified?
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FeaturesMadan Pillutla: Debiasing needs more attention
Madan Pillutla, professor of organisational behaviour at the London Business School, outlines the reasons why biases are so hard to overcome
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FeaturesChina: To be or not to be
Investors are divided on whether to classify Chinese equities as a distinct asset class
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FeaturesCultivating judgement
One of the big challenges we face, both in the financial world and in everyday life, is how to overcome our biases
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FeaturesBriefing: Emerging markets fail to catch up
Emerging markets have failed to increase their share of global investible market capitalisation since 2007
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FeaturesResist the scourge of presentism
It has become fashionable to insist on the importance of taking a long-term view but few achieve it in practice
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Special ReportEuro: Many factors to take into account
Euro-zone investors are not immune to global currency vagaries
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FeaturesThe euro crisis is not over
The euro’s existential crisis subsided several years ago but it would be wrong to assume it has disappeared. The forces that could undermine its integrity have not vanished.
