Swedish House of Finance Podcast

In this episode of Central Questions, former RiksbankGovernor Stefan Ingves speaks with SHoF's Paolo Sodini about the hidden logic behind how households build—and lose—wealth. They cover household finance, investing mistakes, diversification, mortgage risk, financial literacy, andwealth inequality.(0:29) Sweden's Financial Crisis & Household Debt(2:16) Swedish Data & the Rise of Household Finance(4:48) The 2 Types of Financial Risk08:19 How Households Should Build Financial Buffers(10:49) Fixed vs Variable Mortgage Rates(14:23) Why Financial Literacy Matters(18:24) The Biggest Investing Mistakes People Make(19:33) Why Expensive Mutual Funds Often Fail(21:48) Why Financial Literacy Should Start Early(24:48) Why Financial Products Are Too Complicated(26:43) What Swedish Data Reveals About Wealth(27:50) Why Wealth Inequality Is Rising(29:24) Why Rich Investors Keep Gambling(30:44) Real Estate & Middle-Class Wealth Building(33:50) Skill vs Luck in Investing(35:07) “Too Good To Be True” Investments(36:37) Equality vs Entrepreneurship(37:53) Why Rich Families Stay Rich(40:04) Sweden's Housing Market Problem(40:41) Why Wealth Data Matters(44:37) How Many Mutual Funds Do You Really Need?(45:15) Why Financial Advice Needs Regulation(47:56) Final Advice on Investing & WealthGuest: Paolo Sodini, Researcher at the Swedish Houseof Finance and Professor of Finance at the Stockholm School of EconomicsHost: Stefan Ingves, former Governor of the Riksbank and Senior Fellowat Swedish House of FinanceTopics: household finance, investing, personal finance,financial literacy, wealth inequality, diversification, mortgages, mutual funds, economics

In this episode, Marieke Bos, researcher at Swedish House of Finance, moderates a panel discussion Prof Ramadorai (Imperial College London), Erik Thedéen (Finanspektionen), and Sara Öhrvall (Axel Johnson) on algorithmic discrimination in credit markets and the distributional consequences of new machine learning technologies applied in credit screening.

Investors are inundated with more data than ever before. What does an influx of “high-dimensional data” mean for financial forecasting, asset pricing and investment? In this episode, Thierry Foucault, Professor of Finance at HEC Paris, talks about the growth of alternative data. He presents evidence from his research about the effects of alternative data on the quality of securities analysts' forecasts and its implications for the real economy.

Using AI and Machine learning in asset pricing and asset management is in the midst of a boom. But are portfolios based on these richly parameterized models well understood? In this episode, Bryan Kelly, Professor of Finance at Yale School of Management and Head of Machine Learning at AQR Capital Management, talks about the behavior of return prediction models in a high complexity regime and the ability of high complex models to predict recessions.

Globally, there is a debate over how to develop payment systems. Effective approaches are far from settled. Emerging digital currencies, in particular, have significant implications for commercial banking and currency competition. In this video, Darrell Duffie  of Stanford University outlines the related policy concerns and approaches, together with Swedish experts. Participants: - Darrell Duffie, Professor of Finance, Stanford University. - Paula da Silva, Chief Executive Officer, P27 Nordic Payments. - David Vestin, Senior Advisor, Riksbank.

A conversation with the Governor of Sveriges Riksbank Stefan Ingves and Yale's Professor Gary Gorton on how we might think about digital currencies and decentralised finance. The seminar was moderated by Pehr Wissén, Professor Emeritus of Practice, Swedish House of Finance.

In this seminar, Professor Starks talked about considerations regarding environment, social and governance (ESG) investing, starting with the differentiation in investor motivations: financial risk and return considerations (i.e., ESG value), nonpecuniary preferences (i.e., ESG values), or a combination of the two. From a high level perspective, she addressed questions regarding investment approaches, such as whether to employ a negative screening approach or a positive tilt to the portfolio; how to think about integrating ESG principles into the investment process as well as engaging firm management on ESG principles; the role of third-party ESG ratings; the questions surrounding ESG portfolio disclosures and regulatory requirements, and the evidence that exists on the effects and effectiveness of these issues.

In this final episode of the Household Finance podcast series, Anastasia Girshina and Paolo Sodini, discuss how we should - and should not - react to market fluctuations. They introduce the concept of rebalancing, argue against market timing and talk about different ways to diversify your portfolio. Listen to their research based insights in episode 4.

Join Paolo Sodini and Anastasia Girshina from the Swedish House of Finance in a series of podcasts about household finance, the field of financial economics that studies how households save, invest and borrow, and, more generally, how they use financial markets to plan for their future. In this episode Anastasia and Paolo discuss how much risk to take in our portfolios, and how we should think about investing in risky assets such as stocks and mutual funds.

In this Women in Finance talk Marieke Bos and Sara Ottosson come together with leading women in the finance industry to discuss if quotas and culture can play a role to promote the financial sector to talented women.

Join Paolo Sodini and Anastasia Girshina from the Swedish House of Finance in a series of podcasts about household finance, the field of financial economics that studies how households save, invest and borrow, and, more generally, how they use financial markets to plan for their future. In this episode Anastasia and Paolo elaborate on the relationship between saving, borrowing and consumption.

Join Paolo Sodini and Anastasia Girshina from the Swedish House of Finance in a series of podcasts about household finance, the field of financial economics that studies how households save, invest, and borrow, and, more generally, how they use financial markets to plan for their future. In this episode, we learn about financial literacy and its importance for the decisions households take about their finances.

Join the Swedish House of Finance and special guest hosts from Kapitalet as we hear from Ylva Baeckstrom during our Women in Finance Conference. SHOF Podcast Episode 4: Women in Finance with Ylva Baeckstrom and Kapitalet

Join Professor Michael Halling as we dive into one of the most discussed and debated regulations in the Financial Services sector. We also hear from Urban Funered, Christer Linde, and Henrik Didner who participated in a panel discussion at the Swedish House of Finance. SHOF Podcast Episode 3: MIFID II - Impact to date and long term consequences

Join Professors Olga Obizhaeva, Albert "Pete" Kyle, and Anna Obizhaeva as we delve into this podcast's topic: "A New Theory about Financial Markets: Invariance" SHOF Podcast Episode 2: A New Theory about Financial Markets: Invariance

Join Sara Ottosson and special guests Professors David Robinson and Per Strömberg as we delve into this podcast's topic "PE Fund Structures and Incentives: Why are we changing the traditional fee structure?" SHOF Podcast Episode 1: PE Fund Structures and Incentives