Top 10 Posts from 2021: The Buffett Indicator, GameStop, Inflation!

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1. The Buffett Indicator Revisited: Market Cap-to-GDP and Valuations

How useful is the Buffett Indicator really? Navin Vohra, CFA, shares his analysis.

2. GameStop or: Why the Short Sellers Win

The GameStop short sellers might have left the market, Joachim Klement, CFA, observes. But don’t for a minute think they are licking their wounds in defeat.

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3. Beware the Bubble? The US Stock Market Cap-to-GDP Ratio

The Buffett Indicator is flashing red and has been for a while now, so caution is the watchword, Dhruv Goyal, CFA, writes.

4. Myth-Busting: Money Printing Must Create Inflation

Shouldn’t all the recent monetary and fiscal stimulus lead to higher inflation? Maybe not. Nicolas Rabener looks at the data.

5. Aswath Damodaran on the COVID Crucible: A Play in Three Acts

“In most crises, young companies suffer at the expense of old companies, risk-on companies get hurt more than risk-off companies,” Aswath Damodaran said late last year. “This crisis seems to have flipped the script.” Paul McCaffrey considers Damodaran’s insights.

6. Capitalism Is Dead, Long Live Debtism

Should a loan that one neither intends nor is required to repay be considered debt or equity? Sebastien Canderle weighs in on capitalism’s unusual modern trajectory.

7. Down the Rabbit Hole: A Cryptocurrency Primer

Bitcoin and cryptos are not suitable for all investors, but the world of digital assets may be more than a passing fad. A team of contributors from PNC explains.

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8. Myth-Busting: Low Rates Don’t Justify High Valuations

Lower interest rates may not, in fact, lead to higher P/E ratios, according to Nicolas Rabener.

9. “Your Network Is Your Net Worth”: Seven Tips to Propel Your Career

Your social capital grows as the people you help today advance their careers and step into more senior roles tomorrow, Eric Sim, CFA, offers some lessons on how to be a better networker.

10. Eric Sim, CFA: The Diversified Career Portfolio

Diversification is just as critical to career portfolios as it is to investment portfolios and few career trajectory’s demonstrate that as well as that of Eric Sim, CFA, Paul McCaffrey observes.

Honorable Mention: While we have not historically included book reviews when calculating our best-of-the-year stats, the review by Robert N. Farago, ASIP, of Valuation: Measuring and Managing the Value of Companies, 7th Edition, by Tim Koller, Marc Goedhart, and David Wessels was our most popular book review ever.

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All posts are the opinion of the author. As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.

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