Enterprising Investor

Perfect risk estimates do not exist, so how do we balance risk and reward? Risk scholar Allison Schrager, author of the CFA Institute Research Foundation brief “Learning About Risk Management: Insights from Unconventional Risk-Takers,” provides insights on the nature of risk and uncertainty and potential reward and how to manage the trade-off. ____ ► Subscribe to our Take 15 Podcast YouTube channel ►Transcript: https://cfainst.is/2P87gNN ►Email us for comments, questions, or appearance requests:[email protected] ____ Topics discussed: 2:25 Brothel, pimp, and risk management? 5:30 More noes than yeses 7:42 The art of storytelling 9:41 Lessons learned from big wave surfing 13:16 Allison’s book, An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk 14:40 What is risk? And what is prudent or good risk management? 15:50 Retirement: What does it look like in the US right now? What worries you? And what gives you hope? 17:45 Should the idea of retirement be reimagined? [HBR link] 19:41 Why shouldn’t Americans own stocks? 22:10 What’s next on Allison’s to-do-list? 23:15 Allison’s advice on encouraging people to take on more sensible risk 24:05 Wrap-up questions o One long-term change that you hope to see as a result of the pandemic o What one item would you bring on a long space flight? o Flight vs. invisibility? ___ Related articles and links: Learning about Risk Management: Insights from Unconventional Risk-Takers: https://www.cfainstitute.org/en/research/foundation/2020/learning-about-risk-management An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk: https://www.amazon.com/Economist-Walks-into-Brothel-Unexpected-ebook/dp/B07FLK37HC#:~:text=Amazon.com%3A%20An%20Economist%20Walks,%3A%20Schrager%2C%20Allison%3A%20Kindle%20Store HBR article Why Retirement Is a Flawed Concept: https://hbr.org/2016/04/why-retirement-is-a-flawed-concept CFA Institute members and charterholders Professional Learning Tracker https://cpd.cfainstitute.org/ ____ Find Allison here: LinkedIn: https://www.linkedin.com/in/allison-schrager-4109015/ Twitter: https://twitter.com/AllisonSchrager Find Lauren here: LinkedIn: https://www.linkedin.com/in/lauren- foster/ Twitter: https://twitter.com/laurenfosternyc Connect with the Research Foundation: RF Showcase page: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5

The Power of Words and Leading with Compassion Episode #438. Shundrawn Thomas, president of Northern Trust Asset Management, discusses what true diversity, equity, and inclusion look like, the importance of “compassionate leadership” during the pandemic, and whether or not he is encouraged about the possibility of real change when it comes to addressing racial injustice. Episode transcript: http://static.3playmedia.com/p/files/5434402/threeplay_transcripts/16211005?format_id=46&project_id=18442&format=pdf Topics discussed: • 3:04 - The moment that compelled you to speak out on race and what has the journey been like? • 5:40 – Be encouraged. Are you encouraged? • 7:06 - Prisoner of hope • 8:20 - Race and the US presidential elections: What now? Where to from here? • 10:39 - How do we get people to have open, candid, and courageous conversations regarding race? • 11:55 - Race Car Project: what are your six-word micromemoir’s? • 12:23 - Diverse senior appointments: How you have done it? What can others learn from the process so that they too can build diverse teams? • 14:40 - Equity, inclusion, and diversity. Share how you think about those? • 15:58 - Compassionate leadership • 17:41 - Wrap-up questions Related articles and links Purchase Discover Joy in Work: Transforming You Occupation into Your Vocation here CFA Institute members and charterholders Professional Learning Tracker https://cpd.cfainstitute.org/ ____ ► Subscribe to the Take 15 Channel Here https://www.youtube.com/channel/UCA3HUMuK4FSp_CvQH_2Ji7g ►Email us for comments, questions, or appearance requests:[email protected] ____ Find Lauren here: LinkedIn: https://www.linkedin.com/in/lauren-foster/ Twitter: https://twitter.com/laurenfosternyc Find Shundrawn here: LinkedIn: https://www.linkedin.com/in/shundrawn-thomas-49812a5 Twitter: https://twitter.com/shundrawn?lang=en Website: https://shundrawnthomas.com/