Sir Howard Davies - The Chancellors

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 10 October 2022

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Cole is joined by Sir Howard Davies, author of the book, The Chancellors: Steering the British Economy in Crisis Times. Howard’s book reexamines the last 25 years of British economic history and the role the Treasury has played. Cole and Howard discuss the issues that struck the Treasury, some of the notable names involved, and solutions moving forward.

Transcript

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0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:08.0	At Smead Capital Management, we advise investors who fear stock market failure.
0:12.9	You can learn more at Smeadcap.com or by calling your financial advisor.
0:25.9	Welcome to a book with legs podcast. I'm Cole Smead. I'm the president and a portfolio manager here at Smead Capital Management. At our firm, we are readers and book junkies. It can be said
0:31.7	that leaders are readers, and we believe books provide us a great source of information for filtering
0:36.1	what is and isn't
0:37.7	important for us as investors. Investing is the last great liberal art and the best way to spend a
0:42.6	lifetime of learning. This podcast is for readers, thinkers, business-minded people, and investors
0:48.1	who want to grow their knowledge from great authors and their writing. Charlie Munger often talks
0:53.0	about using multiple mental models and
0:54.8	analysis. Our aim for this podcast is to help listeners test mongers theory in business,
1:00.1	markets, and people. Thank you for joining us for this episode of the podcast. We are going to
1:05.8	discuss the last 25 years of fiscal and monetary policy as well as their structures in the UK. Joining us today
1:12.9	is Sir Howard Davies to talk about his book, The Chancellor's, steering the British economy
1:17.9	in crisis times. To give everyone kind of some background on Howard, he is a former McKinsey
1:24.5	company employee, was a special advisor to Chancellor Nigel Lawson.
1:28.8	He was also appointed executive chairman, as we'll talk about later, of the FSA when it was first
1:33.0	established in 1997.
1:35.2	He was also a director of the London School of Economics and Political Science, a non-executive
1:40.8	director of Glaxo Smith-Kline, an independent director of Morgan Stanley,
1:49.2	a non-executive director of Prudential, a director of the Tate Gallery, and a member of the governing body of the Royal Academy of Music. Howard is the current chairman of the Nat West Group, the former
1:54.8	RBS group, and the chairman of Inigo and insurer in the Lloyds of London Market.
	...

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