William Goetzmann: From Babylon to Bubbles — A 5,000-Year History of Finance (Investing in America Series) #632
About this episode
Professor William Goetzmann discusses 5,000 years of financial history and its impact on trade and investing.
Today’s guest is Will Goetzmann, Professor of Finance at the Yale School of Management. He is an expert on financial markets and securities, investment strategies, investor behavior and financial history. In today’s episode, Professor Goetzmann walks through 5,000 years of financial history, showing how finance shaped trade, cities, corporations, and investing. He covers the first compound interest calculation, the world’s oldest corporations and bonds, and historic bubbles from tulips to NFTs. To close, he explains why markets have repeatedly adapted through war, crisis, and uncertainty. (0:00) Starts (1:50) William Goetzmann on origins of money (7:06) The history of corporations (14:43) Yale's historical bond and early financial innovation (17:33) Parallels between historical and modern financial bubbles (25:52) SpaceX IPO and market valuations (27:26) Herd mentality and bubbles (32:47) Global investing, inflation, and currencies (41:13) Finance-related art (46:31) Most memorable investment ----- Sponsor: Ivy Invest - To learn more about Ivy Invest's SEC-registered endowment-style fund, view the prospectus, and learn how to invest, visit ivyinvest.co/fund ----- Follow Meb on…
People in this episode
Host: Meb Faber
Guest: William Goetzmann
Topics covered
- financial history
- investment strategies
- market behavior
- historical bubbles
- corporate finance
- global investing
Keywords
- finance
- investing
- bubbles
- corporations
- compound interest
- market valuations
- inflation
- currencies
Sponsors
Ivy Invest
Mentioned in this episode
Organizations: Yale School of Management
Books & works: NFTs, tulips
Places: Babylon
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