ALBRIGHT CAPITAL emerging markets insights
OTHER Suggested readings
The White Stripe
Notes from Africa 6: How Corrupt is Africa?
We offer the article above written by our trailblazing friend Miles Morland (bio below). We include it in our Insights section because we have always appreciated Miles unvarnished intellectual independence. We do not agree with every word, differing especially with his negative assessments of India and China, but strongly agree with the premise that false narratives swirl around the emerging market asset class, often perpetuated by those with little accumulated real EM business experience. Miles makes that point, and other points, very well.
Miles Morland Biography
Former U.S. Treasury Secretary Robert Rubin interviews David Swensen discussing, among other topics, the value of low correlation in portfolio construction
November 14, 2017
Council on Foreign Relations
Economic Growth and Equity Returns
Jay R. Ritter
Updated 2012: Is Economic Growth Good for Investors?
Jay R. Ritter
Points of Inflection: Investment Management Tomorrow
Peter L. Bernstein
Financial Analysts Journal
Vol. 59, No. 4 (Jul. - Aug., 2003), pp. 18-23
Overview: A Fifth Point of Inflection
Peter L. Bernstein (2004)
Points of Inflection: New Directions for Portfolio Management (Charlottesville, VA: CFA Institute):1–5.