Research Foundation Review 2017
2018
Winston Churchill once said, "Want of foresight, unwillingness to act when action would be simple and effective, lack of clear thinking, confusion of counsel until the emergency comes, until self-preservation strikes its jarring gong-these are the features which constitute the endless repetition of history." 1 From his statement, we can derive that we have a lot to learn from history; we should use it as a guide to avoid mistakes and improve the likelihood of future success.Since the 2008 financial crisis, there has been a resurgence of interest in economic and financial history among investment professionals, and rightfully so.As an industry, we have much to learn from our financial past, and doing so can help us navigate future challenges and assist investors in more effectively weathering the ups and downs.The CFA Institute Research Foundation serves as a critical source for acquiring that knowledge-both historical and forward looking.