The CFA Institute through its research foundation recently published a 130+ page brief with insights from 25 years of Vertin Award recipients.
These luminaries in the investment field come from a range of backgrounds, from Nobel Prize winners, distinguished professors, billionaire hedge fund managers, editors of prestigious academic journals, and authors of some of the most popular investment books ever published.
Although their backgrounds vary widely, they have one thing in common: they have all made significant lifetime contributions in the field of finance.
What is the Vertin Award?
"The Vertin Award is given to intellectual leaders in the investment industry whose ideas are not only compelling in theory but meaningful in practice. The award winners are indeed exemplars of the CFA Institute mission to set the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. It is fitting that this award is named for Jim Vertin, a dedicated volunteer and professional who recognized the potential to create a multiplier effect on the industry by connecting researchers with practitioners." - CFA Institute
"None of us is as smart as all of us,” read the anonymous quote on the wall of James Vertin’s office.
With that quote in mind, we can learn a lot from the collective wisdom of these Vertin winners. Below are a few of the recipient's and their notable comments.
Noble Prize winner
Professor Emeritus Stanford University
CIO, TIAA and author of several seminal books and articles.
Andrew W. Lo
Clifford S. Asness
President, AQR Management
Campbell R. Harvey
Professor Duke University
President, Ensign Peak Advisors
Professor Cambridge & London Business School
Kenneth R. French
Professor Dartmouth College
Cofounder Efficient Frontier Advisors
William N. Goetzmann
Professor Yale School of Management
In reading the insights from all 25 luminaries, several commonalities are found among them:
-Paul R. Rossi, CFA
Download the entire Investment Luminaries and Their Insights below.