A CFO Explains Stock Exchanges

A CFO Explains Stock Exchanges

From Run the Numbers by CJ Gustafson

June 4, 2026 · 37 min

About this episode

CJ Gustafson explores the evolution of stock exchanges and their impact on modern capitalism.

In this episode of Run the Numbers, CJ breaks down how stock exchanges became the operating system of modern capitalism. From ship captains raising voyage money, to the Dutch East India Company’s first tradable shares, to coffee house traders, the Buttonwood Agreement, market crashes, Robinhood, and GameStop, this is the story of how markets turned ownership into something liquid, global, and very, very human. — SPONSORS: SpendHound cuts your SaaS and AI spend by up to 30% using real pricing benchmarks across 10,000 vendors, so you always know what fair pricing looks like before your next renewal. Rated #1 on G2 in SaaS spend management, it's free forever for teams up to 1,000 employees. Sign up by June 12th and get $500 just for getting started. Go to https://www.spendhound.com/cj Brex is an intelligent finance platform with AI-powered agents that capture expenses automatically, enforce policy before the spend happens, and close your books in minutes instead of weeks. 35,000+ companies like OpenAI, Coinbase, Anthropic, and DoorDash already run on Brex. It's time to get Brex AF. Learn more at https://www.brex.com/metrics Aleph is a modern FP&A platform built for teams that…

People in this episode

Host: CJ Gustafson

Topics covered

  • stock exchanges
  • modern capitalism
  • market history
  • financial systems
  • ownership
  • liquidity

Keywords

  • stock exchanges
  • capitalism
  • market crashes
  • ownership
  • financial history
  • Robinhood
  • GameStop

Sponsors

SpendHound, Brex, Aleph

Mentioned in this episode

Organizations: Dutch East India Company, Robinhood, GameStop, RightRev

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