Monday, August 6, 2012

The Big Picture Comes Into Focus

The self imposed tweet and blog posting sabbatical is ending shortly. Major projects are now in their second and latter stages. One of the projects pertains to a committee being formed under the auspices of The New York Society of Security Analysts (NYSSA) - The Global Thematic Committee. Its mandate is "to explore “big picture” issues – such as behavioral finance, fat tails and black swans, the crisis in the economics profession, and key socio economic and geo political trends and themes." In doing so, the knowledge gained should complement the more traditional methodologies taught to analysts and investors.

Based on years of involvement in the equity analysis field, I have come to the conclusion that a serious deficiency exists within the profession - one that leaves traditionally oriented equity analysts and investors vulnerable to the larger dynamics at work in the global macro (in the broadest of senses) environment. I suspect this is part of the reason why analysts and investors are often blindsided by the once-in-a-century black swan that manages to happen every 5 to 7 years.

To be sure, this is a work in progress. And there is much to be learned in the months and years ahead. I am very excited as to its prospects and the projects to be undertaken, including the Oxford Debate Series to be launched at NYSSA in October, as well as the podcast series to be produced for NYSSA members.

More to come.

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