Investment Management: A Science to Teach or an Art to Learn?

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Source: CFA Institute Research Foundation

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Summary

This course consists of five lessons, each with a corresponding self-test, based on the CFA Institute Research Foundation book, Investment Management: A Science to Teach or an Art to Learn?. Following the 2007–09 financial crisis, mainstream finance theory was criticized for failing to forecast the market crash, which resulted in large losses for investors. This book and, therefore, this course explore current critiques of mainstream finance theory and discusses implications for the curricula of finance programs as well as for practitioners.

The suggestion was made that the crash itself was the result of bad or poorly applied theory. Although markets have since recovered, surpassing precrisis levels as of the end of 2013, the investors enjoying the recovery are not always the same investors as those who suffered the losses. So, in many cases, the crash caused permanent impairment of wealth. This crash is particularly interesting in that finance theory, not simply the practices of the financial services industry, has been directly blamed. 
 
Lesson 1—Finance Theory: Do We Have a Science to Teach?
Lesson 2—The Theory and Practice of Investment after the Crisis: Need for Change?
Lesson 3—Teaching Finance: Can We Do Better?
Lesson 4—What’s Missing in the Curricula for Future Investment Professionals?
Lesson 5—How Will Future Professionals Land a Job in Investment Management?

The course is expected to take approximately 4 hours to complete. A certificate of completion can be accessed and downloaded from the Learning History tab.

Select the Launch button above to log in and access this course as well as your personal learning history for online courses.

This content is provided for continuing professional development purposes and is not intended to be used as a substitute for study for any CFA Institute candidate program.
Topics
Credits · About the CE Program
5 CE (including 0 SER) Manage CE Credits

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