324: Exploring the Past, Present and Future of Finance with Financial Archeologist, Professor William Goetzmann
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 24 October 2022
⏱️ 56 minutes
🧾️ Download transcript
Summary
My guest today is Professor William Goetzmann. He's the Professor of Finance and Management Studies at Yale's School of Management, the faculty director of the International Center for Finance, and the director of the SOM Executive MBA in Asset Management.
He's also a Research Associate of the National Bureau of Economic Research and has served as the president of the Western Finance Association and the European Finance Association. He's an expert on financial markets and securities, investment strategies, investor behavior, and financial history, and the author of several books.
In his most recent book, Money Changes Everything: How Finance Made Civilization Possible, he explores the role money has played over the course of human history–and how it will shape the future.
In our conversation, we'll explore the history of finance and where we're at today. We dig into the actual function of finance and how today's economy compares to others from the past. You'll also hear why Will believes Ethereum could be more than just a typical blockchain technology and so much more.
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In this podcast interview, you'll learn:
- Why Will thinks money is like a time machine.
- What so many people get wrong about the function of money or finance.
- Why people keep comparing our current economy to previous recessions and how today's economy is different.
- Will's advice for how to manage your emotions when reviewing your portfolio in a down economy.
- Why cryptocurrency isn't necessarily a currency or a replacement for fiat currency per se–and why Will is excited about the potential of Ethereum in particular.
Show Notes: Howardbailey.com/324
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Transcript
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| 0:00.0 | Welcome to the Retire with Purpose podcast, a show specifically designed to help pre-retirees and retirees maximize their financial confidence. |
| 0:14.4 | Casey Wheat is a certified financial planner and president of Howard Bailey Financial. |
| 0:18.4 | His newest book, Job Optional, is a Wall Street |
| 0:21.3 | Journal bestseller and is available now on Amazon and at Retirewithpurpose.com. He's your host on |
| 0:27.9 | Retire with Purpose. Hey, I'm Casey, and I believe in retirement strategies that are driven |
| 0:33.7 | by meaning and purpose. Join me this week and every week as we discuss thoughts and ideas |
| 0:40.3 | with some of today's foremost experts in the field of finance and retirement, as well as |
| 0:45.8 | discussing trending topics that could impact your bottom line. These discussions can help you |
| 0:51.5 | make better financial decisions so you can live the lifestyle |
| 0:55.0 | you've always imagined and deserved. |
| 0:57.9 | Welcome to the show. |
| 1:02.2 | Our guest today is Professor William Goatsman. |
| 1:05.7 | He is the professor of finance and management studies at Yale's School of Management, the faculty director of the |
| 1:12.1 | International Center for Finance, and the director of the SOM Executive MBA in Asset Management |
| 1:17.5 | Program. He's also a research associate for the National Bureau of Economic Research and has |
| 1:23.1 | served as the president of the Western Finance Association and the European Finance Association. |
| 1:28.4 | He's an expert on financial markets and securities, investment strategies, investment behavior, |
| 1:33.3 | and financial history, and the author of several, several books. |
| 1:37.4 | But his most recent book, Money Changes Everything, How Finance Made Civilization Possible, |
| 1:42.5 | will be a large focus of our conversation |
| 1:44.6 | today, where he explores the role money is played over the course of human history and how |
| 1:49.9 | it will shape the future. And our conversation will explore the history of finance and compare |
... |
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