Mark J Higgins

Mark J Higgins

Almost every institutional and individual investor believes private markets offer a foolproof way to enhance returns and/or reduce portfolio risk. This is despite mounting evidence that it is unlikely to be true in the future.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Buyer beware: 7 red flags signal a reckoning in private markets

The paradox of speculation has existed since the very first securities were traded on Wall Street, soon after the IPO of the First Bank of the United States.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Understanding the past to forecast the future

Investment consultants should let go of the obsession with portfolio complexity and the quixotic quest to outwit ruthlessly efficient markets.
INSIGHTS FROM CFA SOCIETY SINGAPORE

The unspoken conflict of interest at the heart of investment consulting

Though the eruption of Mount Tambora (not pictured) took place more than 200 years ago, the resulting land price bubble holds lessons for investors today.
INSIGHTS FROM CFA SOCIETY SINGAPORE

The first US land bubble and lessons from the Mount Tambora eruption

A stand-off between the Republican-controlled House of Representatives, President Joe Biden and Democratic legislators could lead to a fiscal crisis.
INSIGHTS FROM CFA SOCIETY SINGAPORE

US debt ceiling: A nation divided and indebted cannot stand

Crypto mania of the 2010s and 2020s fits the historical pattern of asset bubbles quite well.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Six stages of asset bubbles: The crypto crash

Cryptocurrencies' supposed supply constraint is key to their value proposition, but crypto technology is so easily replicated; there are now around 12,000 varieties.
INSIGHTS FROM CFA SOCIETY SINGAPORE

The alchemist’s paradox, central bank sovereignty and the fate of crypto

Traders working on the floor of the New York Stock Exchange in September, when the DJIA dropped 400 points. Historically seven of the 10 worst trading days in the US stock market occur in October.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Witch of October is here: Short-term pain leads to long-term gain