Investment Wisdom from the Masters: Risks and Relative Values in Diversified Global Portfolios

Course Details

Accredited SAQ CWMA recertification training amounting to 1 hour of study.

Topic: Portfolio Management 

Subtopic: Market Efficiencies and Investment Process 



Nobel price laureate Robert Shiller and distinguished professor Jeremy Siegel discuss:

  • The strengths and pitfalls of valuation metrics.
  • The cyclical, political, and behavioral sources of market and economic uncertainty.
  • The outlook for markets, interest rates, and the global economy, and the effects of Trump administration policies on the markets and the global economy.


Learning Outcomes

- CAPE (Cyclically Adjusted Price Earnings) ratio and comparisons with other valuation approaches.
- Valuation approach based on comparison with historic trends vs comparisons with long term interest rate and economic trends.
- Advances in portfolio management, diversification and automation.



This online video can be accessed at any time, up to the calendar year end if purchased in the first half of the year; or up the subsequent calendar year end if purchased in the second half of the year.

In order to purchase this course CFA Society Switzerland members and guests must set up and login with a CFA Institute Id#. 



CHF 100 for non-members.

CHF 60 for members of CFA Society Switzerland.






Robert J. Shiller

Robert J. Shiller

Robert J. Shiller is Sterling Professor of Economics, Department of Economics and Cowles Foundation for Research in Economics, Yale University, and Professor of Finance and Fellow at the International Center for Finance, Yale School of Management. He received his B.A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets. He was awarded the Nobel Prize in Economic Sciences jointly with Eugene Fama and Lars Peter Hansen in 2013.

Jeremy J. Siegel

Jeremy J. Siegel

Jeremy J. Siegel is Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. He is the author of numerous professional articles and two books, Stocks for the Long Run and The Future for Investors: Why the Tried and the True Triumph over the Bold and the New. Professor Siegel also serves as academic director at the Securities Industry Institute and as senior investment strategy adviser at WisdomTree Investments. He is the recipient of the Distinguished Leadership Award from the Securities Industry Association and the Nicholas Molodovsky Award from CFA Institute. For his published research, Professor Siegel has also been recognized with the Graham and Dodd Award from the Financial Analysts Journal and the Peter Bernstein and Frank Fabozzi Award from the Journal of Portfolio Management. He holds a PhD in economics from MIT.