Ep. 637: Oliver Hart Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 2 March 2018

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Oliver Hart, the sixth Nobel Prize winner to appear on this podcast. He is a British-born American economist, and currently the Andrew E. Furer Professor of Economics at Harvard University. He received the Nobel Memorial Prize in Economic Sciences in 2016 for his work on contract theory. Oliver is an expert on contract theory, theory of the firm, corporate finance, law and economics. He studies how ownership roles, structure and contractual arrangements are used in the governance and boundaries of corporations.

The topic is the economics behind a Nobel Prize.

In this episode of Trend Following Radio we discuss:

Contracts
Venture capital
Residual control
Irrational exuberance
Currency equilibrium
Bitcoin
Differences in bitcoin and blockchain
Efficient Market Theory

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Coval.
0:24.0	Not filtered, raw, honest.
0:27.3	That's my passion.
0:33.4	Before I jump into my guest today, I have a request.
0:37.3	I'm putting out this PSA, this public service
0:40.2	announcement, which I don't think I've done for several years on this podcast. If you enjoy this show,
0:47.8	if you demand that I make more free content, go to iTunes and write a review. I would most appreciate it. I will send you no gift.
0:59.4	I will send you no money. I probably won't even send you a thank you unless you send me an email.
1:05.5	If you send me an email, I will surely respond, guaranteed. But if you enjoy this show,
1:15.4	go to iTunes. Easily found, go to iTunes,
1:22.3	type my last name in, Covell, the podcast will pop right up. I would love to see your reviews.
1:30.1	See your insights. Why do you enjoy this show? Or why do I trigger you to go off into some kind of looneyland?
1:37.4	Who knows what happens? But please go to iTunes and construct a review. My guest today is the sixth Nobel Prize winner in economics to appear on this show. His name, Oliver Hart, a British-born American economist,
1:46.6	currently the Andrew Fuhrer, professor of economics at Harvard University. Together with
1:51.5	Banked Holmstrom, he received the Nobel Memorial Prize in economic sciences in 2016.
1:58.6	I always consider it an honor that so many wise people will come on this show to give me their insights, especially somebody with really bad grades who was a political science major.
2:12.1	Now, don't get me wrong. That's just talking about a certain period in my life.
2:17.4	Obviously, I buckle down, and maybe I did
2:19.5	not go the traditional route, but I've kind of figured out a few things here and there. Those few
2:27.3	things that I've figured out, not really things that I know about before this show.
	...

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