Klement on Investing

Last year, I wrote a post showing that hedge fund managers have an inkling when they are going to underperform, and it can be measured with their SEC Form PF filings. Unfortunately, that information is not public, but I am glad to see that than...

Runaway housing costs are such a big issue that even in the notoriously divided US Senate, 89 out of the 100 senators recently voted to pass the most ambitious legislation in decades to bring down housing co...

Analysts (and strategists and economists) are trying to bring order into the chaos of financial markets. But not all analysts are truly adding value. Some of them just reinforce the existing consensus, while others are shifting the consensus in such a way that the consensus view is getting better and more accurate than without that input, which brings us to the question of wh...

We all know the studies that examine the returns of politicians in the US. For some reason, US politicians are insiders on key regulatory and legal changes but somehow not exempt from trading individual stocks. But there is another group of profess...

My latest piece for Reuters is online. I follow in the footsteps of my earlier comments on why I think the business model of AI companies like Anthropic and OpenAI is fundamentally flawed and why