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For the summer season, All Else Equal will be alternating between new episodes and reruns. On this week's episode, we're revisiting our conversation with historian Victor Davis Hanson.History shows that as societies rise to greatness, the scales eventually tip back and those societies fall. But what leads to that fall and are we heading toward one? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with historian Victor Davis Hanson, a senior fellow at the Hoover Institution who specializes in classics and military history. The conversation explores the complexities and fragilities of successful societies like the Mycenaeans, Romans, and Byzantines, how specialization can lead to higher living standards but also increased vulnerability, and our existential worries about the future. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/in-the-news/all-else-equal/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Stephen Grootes speaks to Isaah Mhlanga, Chief Economist at Rand Merchant Bank, about the dip in business confidence. The RMB/BER index fell five points to 40 in Q2, halting last year’s recovery and highlighting continued pessimism among South African businesses. In other interviews, Peter van Binsbergen, CEO of BMW South Africa, talks about his inspiring journey from engineering to leadership and the importance of cultural adaptability. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702702 on TikTok: https://www.tiktok.com/@talkradio702702 on Instagram: https://www.instagram.com/talkradio702/702 on X: https://x.com/CapeTalk702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalkCapeTalk on TikTok: https://www.tiktok.com/@capetalkCapeTalk on Instagram: https://www.instagram.com/CapeTalk on X: https://x.com/Radio702CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Stephen Grootes speaks to Peter van Binsbergen, CEO of BMW South Africa, about his inspiring journey from engineering to leadership and the importance of cultural adaptability. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Je thuis voelen… waar doe je dat precies? Voel jij je prettig in het gezin waarin je bent geboren? Of heb je elders je veilige haven gevonden? Maar wat nou als je geadopteerd bent en eigenlijk overal tussen wal en schip valt? In deze aflevering van de Nacht van BNNVARA gaat Bemshi de Visser is gesprek met Kelly-Qian van Binsbergen over de misstanden bij adopties en het leven als geadopteerde. Kelly-Qian maakt voor Omroep Zwart al de series Sexotisch ende ‘Afhaal Chinees' die al is onderscheiden met een Zilveren Nipkowschijf. ------------------------------ PETITIE VAN KELLY-QIAN: https://actie.degoedezaak.org/petitions/teken-voor-adoptie-herstel?fbclid=PAZXh0bgNhZW0CMTEAAadPGAMVXQKh-buEA5LWPIqqWXZUriJWxL3jXCx4mZiJ0uP8SLBcOgFrwe5WRA_aem_PLa838uLYxqeg2PQGsw7pg
Is the emperor wearing clothes? Hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by economist and political scientist Timur Kuran who wrote the book, Private Truths, Public Lies: The Social Consequences of Preference Falsification. This 30-year-old book explains the social phenomenon where people express preferences they do not have. As political and social tensions have risen in the U.S., the freedom to express views that go against the status quo has become more difficult. Jonathan, Jules, and Timur discuss what preference falsification is and why people engage in it, historical and contemporary examples, the implications of this behavior in various domains, including politics, business, and academia, and insights into how societies can counteract it. The conversation also addresses the importance of fostering environments, particularly in universities, where open and honest discourse is encouraged. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Relebogile Mabotja speaks to Peter van Binsbergen the BMW South Africa CEO about BMW winning Car of the Year. 702 Afternoons with Relebogile Mabotja is broadcast live on Johannesburg based talk radio station 702 every weekday afternoon. Relebogile brings a lighter touch to some of the issues of the day as well as a mix of lifestyle topics and a peak into the worlds of entertainment and leisure. Thank you for listening to a 702 Afternoons with Relebogile Mabotja podcast. Listen live on Primedia+ weekdays from 13:00 to 15:00 (SA Time) to Afternoons with Relebogile Mabotja broadcast on 702 https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/2qKsEfu or find all the catch-up podcasts here https://buff.ly/DTykncj Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.
If universities believe they should be free from government interference and that students and faculty have the right to freely express whatever viewpoints they hold, then the universities should be held to the same standard, right? Hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Richard Saller, an American classist and former interim president of Stanford University, to discuss whether or not the government has the right to intervene in university affairs and the hypocrisy that sometimes surrounds these issues. The conversation covers the recent statement signed by 562 university presidents advocating for academic freedom, examples of academic censorship, and the impact of federal funding on universities. They also raise questions about what true academic freedom means as universities have grown increasingly homogenous, and propose solutions to how universities can live up to their mission of being a place where all viewpoints can be expressed. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Vanaf 8 mei is de nieuwe documentairereeks ‘De Afhaalchinees: Thuisbezorgd' te zien, waarin programmamaker Kelly-Qian van Binsbergen naar China afreist voor een indringende zoektocht naar haar geboorteouders. Wat begint als een persoonlijke reis, groeit uit tot een confronterende ontmanteling van het internationale adoptiesysteem. Eerder maakte ze de programma's ‘De Afhaalchinees' en ‘Sexotisch'. Presentatie: Frénk van der Linden
What exactly is a trade deficit? And why are so many policymakers fixated on it? Lately, the trade deficit in the U.S. is taking the bulk of the blame for the economic situation we're in and it's one of the reasons the Trump administration is pushing for sweeping tariffs. But tariffs are likely not the answer, and a trade deficit might be better referred to as a capital surplus. As a continuation of the tariffs discussion in the last episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by John Cochrane, an economist at Stanford University and the Hoover Institution. The conversation covers how trade deficits actually work, their implications on global and domestic economies, and how current trade policies may impact economic growth, inflation, and international relations. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Spreker: Ds. F. van BinsbergenTekst: Johannes 8:10-11Thema: Jezus seponeert de zaakDatum: 10 maart 2024Locatie: HHG SchiedamBron: https://www.youtube.com/watch?v=BVh0vf-Kpls ★ Support this podcast ★
Spreker: Ds. J.J. Mulder Tekst: Lukas 23:43 Thema: Het paradijs toegezegd vanaf het kruisDatum: 10 maart 2024Locatie: HHG schiedamBron: https://www.youtube.com/watch?v=BVh0vf-Kpls ★ Support this podcast ★
With President Trump's tariffs on Canada, Mexico, China, and other countries now in full swing, what consequences from an economic standpoint could the U.S. be facing? And what was the path that led us here? Hosts and finance professors Jonathan Berk and Jules van Binsbergen put the tariffs question to economist and author Dani Rodrik. Rodrik is the Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University, and the author of the book Straight Talk on Trade: Ideas for a Sane World Economy. Beginning with the historical context and purpose of tariffs, the conversation covers how the political and social dissatisfaction with hyperglobalization opened the door for these extreme tariffs, whether or not they're an effective tool in modern trade policy, and what alternative strategies exist to rebuild America's middle class. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
In Basgasten interview ik, Hidde Roorda, bassisten over hun carrière, hun spullen en hun inspiraties. In aflevering 102 ben ik in Noord-Limburg op bezoek bij Hein Offermans, de steun en toeverlaat van mensen als Corrie van Binsbergen, Guus Meeuwis, Frédérique Spigt en nog véél meer.Alle nummers die we bespreken staan in de Basgasten playlist op Spotify: https://open.spotify.com/playlist/6YOFD8pqFXK2OET1oupRpA?si=a9943b716bfb4914Basgasten steunen? Word Vriend van de Show op vriendvandeshow.nl/basgastenTips? Vragen? Opmerkingen? basgasten@hidderoorda.nl
The recent crackdown on federal spending has universities sweating despite the fact that many of them boast huge billion-dollar endowments. So what gives? Why would less money from the federal government be a cause for concern? Where does all that money go? And could there be more to this budget picture than meets the eye? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen delve into the inner workings of university endowments and how these institutions are balancing their budgets in a way that's leaving themselves vulnerable to dire financial situations. Read John Cambell, Jeremy Stein, and Alex Wu's paper, “Economic Budgeting for Endowment-Dependent Universities” here. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Sarah Moeremans is theatermaker, curator, regisseur en sinds 2023 artistiek directeur bij Het Zuidelijk Toneel. Ze maakt visuele essays in het theater, met gebruik van taal, literatuur, kunstgeschiedenis, filosofie en satire. Voorbeelden hiervan zijn de succesvolle shows ‘Mission Molière' en ‘Crashtest Ibsen'. Haar nieuwste voorstelling ‘Reigen re-Erected' laat in tien scenes een portret zien van de seksuele moraal in eind 19e eeuw. De voorstelling is gebaseerd op de eerdere voorstelling ‘Rijgen', de Oerolhit van 2022. In deze versie belicht Moeremans samen met schrijver Joachim Robbrecht de mysterieuze en kwetsbare hoeken van lust en liefde in onze tijd. Atze de Vrieze gaat met Sarah Moeremans in gesprek. En Atze belt met redacteur Sarah van Binsbergen, zij doet kort verslag live vanaf het boekenbal.
Spreker: Ds. F. van BinsbergenTekst: Johannes 18:1-9Thema:Locatie: HHG Sint-AnnalandDatum: 24 maart 2024Bron: https://kerkdienstgemist.nl/stations/1173/events/recording/171129240001173 ★ Support this podcast ★
All Else Equal is taking a little spring break, so on this episode we're revisiting a fascinating conversation on what happens when universities step off the sidelines and take a stance on contentious issues. Are they boarding a roller coaster that they can't ever get off? Hosts and finance professors Jonathan Berk and Jules van Binsbergen chat with John Etchemendy, former Provost of Stanford University, for a discussion about institutional neutrality and the long-term unseen costs of any stance institutions elect to take. Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.
Are index funds the best investment strategy for most investors? In this episode of Rational Reminder, Benjamin Felix, Dan Bortolotti, and Mark McGrath explore why low-cost index funds should be the primary investment strategy for most people. They explain how index funds evolved from a niche concept to a widely accepted strategy and outline their six key benefits. Learn about the fees associated with index funds, why index funds outperform most actively managed funds, and how to avoid the risks of picking individual stocks. They also explore academic research on long-term mutual fund performance, the persistence (or lack thereof) in active management, and the dangers of alternative indexing schemes. Discover how behaviour impacts investment decisions and why a globally diversified portfolio is crucial. Finally, in the aftershow, Ben shares an update regarding his health and listener feedback from the Rational Reminder community. Join the conversation and uncover why index funds are the best investment strategy and how to leverage them effectively to maximize your portfolio for long-term gains. Tune in now! Key Points From This Episode: (0:01:58) Outline of today's topic and why index funds should be everyone's main investment strategy. (0:05:10) Index fund fundamentals, market cap weighting, and why not all ETFs are index funds. (0:10:03) Learn about the transition of index funds into mainstream finance and their low-fee advantages. (0:13:30) Linking fees to index performance and why lower fees gives them an advantage over managed funds. (0:19:50) The general awareness about index funds and what impact the lack of diversification has on actively managed funds. (0:26:35) Explore critical research comparing the returns on investment between index funds and actively managed funds. (0:33:32) Unpack why the size of the active management industry matters and common misconceptions surrounding the long-term returns of mutual funds. (0:42:26) Discover why some fund managers do well and how sector-specific performance influences stock returns. (0:48:28) Unpack why average returns are better than beating the market and what makes index funds tax efficient. (0:51:08) Find out what makes index funds easy to use and how this results in higher returns in the long term. (0:55:25) How index funds are consistent with foundational finance theory and why thematic ETFs and sector-specific index funds should be avoided. (1:05:40) The aftershow: Ben shares a personal health update, Rational Reminder news, and a request for listener AMA questions. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP Dan Bortolotti — https://pwlcapital.com/our-team/ Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/ Canadian Couch Potato Blog — https://canadiancouchpotato.com/ Canadian Couch Potato Podcast — https://canadiancouchpotato.com/podcast/ Episode 54: Dr. David Blitzer — https://rationalreminder.ca/podcast/54 Episode 124: Prof. Lubos Pastor — https://rationalreminder.ca/podcast/124 Episode 133: Adriana Robertson — https://rationalreminder.ca/podcast/133 Episode 220: Jonathan Berk and Jules van Binsbergen — https://rationalreminder.ca/podcast/220 Episode 244: Charles D. Ellis — https://rationalreminder.ca/podcast/244 Episode 268: Itzhak Ben-David — https://rationalreminder.ca/podcast/268 Episode 302: Michael Green — https://rationalreminder.ca/podcast/302 Episode 346: Hendrik Bessembinder — https://rationalreminder.ca/podcast/346 Coffeezilla — https://www.youtube.com/@Coffeezilla Coffeezilla: Investing for Idiots — https://www.youtube.com/watch?v=hoGm61I52YQ YCharts — https://ycharts.com/ Papers From Today's Episode: 'The Arithmetic of Active Management' — https://www.tandfonline.com/doi/pdf/10.2469/faj.v47.n1.7 'Sharpening Sharpe's Arithmetic' — https://www.tandfonline.com/doi/full/10.2469/faj.v74.n1.4 'Mutual Fund Flows and Performance in Rational Markets' — https://www.journals.uchicago.edu/doi/abs/10.1086/424739 'Why Indexing Works' — https://onlinelibrary.wiley.com/doi/abs/10.1002/asmb.2271 'Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks' — https://www.tandfonline.com/doi/abs/10.1080/0015198X.2023.2188870 'The Performance of Mutual Funds in the Period 1945-1964' — https://www.jstor.org/stable/2325404 'On Persistence in Mutual Fund Performance' — https://doi.org/10.1111/j.1540-6261.1997.tb03808.x 'Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk' — https://onlinelibrary.wiley.com/doi/full/10.1111/j.1540-6261.1964.tb02865.x 'Passive in name only: Delegated management and index investing' — https://heinonline.org/HOL/LandingPage?handle=hein.journals/yjor36&div=20&id=&page=
One key to effective negotiation is to keep your opponent guessing by randomizing your strategy. And right now, there might not be a more prolific example of this kind of strategy than President Donald Trump's communication style. In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Peter Robinson, a research fellow at the Hoover Institution and former speechwriter for President Ronald Reagan. Together, they examine Trump's communication style by comparing and contrasting it with Reagan's. They also discuss the effectiveness of an unpredictable communication strategy, whether Trump's off-the-cuff remarks are calculated or mere chaos, and Peter shares behind-the-scenes details of the Reagan administration including how Peter came to write the famous line, “Mr. Gorbachev, tear down this wall.” Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Kelly-Qian van Binsbergen is documentairemaker en bekend van de series Sexotisch en De Afhaalchinees. De documentaires van Kelly-Qian staan bekend om hun persoonlijke insteek, die zij verwerkt met bredere maatschappelijke vraagstukken. Hoe beïnvloedt het maken van deze series haar persoonlijke leven? Waar liggen haar grootste twijfels tijdens het maakproces? En wanneer is volgens haar een programma geslaagd? Programmamaker Larissa Biemond gaat met haar in gesprek.In de documentairereeks Sexotisch onderzocht Kelly-Qian van Binsbergen het fenomeen seksueel racisme en de diepgaande impact hiervan. Hoe beïnvloeden dominante stereotyperingen over ras en etniciteit nog altijd ons dagelijkse date- en seksleven? Welke rol speelde onze koloniale geschiedenis hierin, en hoe houden wij stereotyperingen over mensen van kleur onbewust nog steeds in stand? Kortom, waar eindigt een fetisj en begint seksueel racisme?Kelly-Qian van Binsbergen is programmamaker en journalist bij Omroep ZWART. In 2023 debuteerde zij met de documentaireserie De Afhaalchinees, waarin zij de tekortkomingen van het interlandelijke adoptiesysteem aan de kaak stelde en de vaak traumatische gevolgen ervan voor mensen met een adoptieachtergrond blootlegde. Daarnaast deelde Kelly-Qian haar persoonlijke ervaringen met haar eigen adoptie uit China. De serie werd genomineerd voor de Zilveren Nipkowschijf. Momenteel werkt Kelly-Qian aan het tweede seizoen van De Afhaalchinees.In deze wekelijkse talkshow van De Balie interviewen programmamakers de makers die hen inspireren. Van cabaretiers tot schrijvers en van theatermakers tot kunstenaars.De podcast wordt geïntroduceerd door programmamaker Kees Foekema.Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.
Is it acceptable for doctors to lie to their patients, or withhold some of the truth, if it's in the patient's best interest? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome back John Ioannidis, professor of medicine at Stanford University, to discuss the ethical implications of concealing the truth in the medical world, even when it's for the greater good. The conversation touches on the importance of building and maintaining trust in healthcare, cases where that trust has been tested or fractured, the paternalism mindset in medicine, the potential biases in medical research funding, and why building back trust in healthcare is a steep climb. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Kelly-Qian is haar eerste naam, maar niet de eerste naam die ze kreeg. Ze kreeg eerst een naam van haar ouders in China, vervolgens een naam van haar verzorgers daar in het weeshuis en daarna een naam van haar adoptieouders in Nederland. Later, na het maken van haar slimme, hartverscheurende en grappige documentaireserie De Afhaalchinees, gaf ze zichzelf een naam. Kelly-Qian, een naam die haar Chinese identiteit niet langer op de tweede plek zet, maar haar identiteit als Chinees-Nederlandse vrouw met een adoptieachtergrond weerspiegelt. De series die ze maakt zijn scherp en uniek en geannoteerd met prachtige animaties. Zo kan ze complexe en pijnlijke onderwerpen als interlandelijke adoptie, en racisme in onze denkbeelden over seksualiteit, voor de kijkers invoelbaar maken met een rugsteuntje van humor. redactie & interview: Annick van Rinsum beeld: Nicole Spakman video-opname: Job Hulsebosch
As more and more universities move away from full-time MBA programs, what does the future of business education look like? How should it look?In this episode, hear perspectives from three of the top business schools in the U.S.: Stanford Graduate School of Business, The Wharton School at the University of Pennsylvania, and the Booth School of Business at the University of Chicago. Hosts and finance professors Jonathan Berk and Jules van Binsbergen sit down with Chicago Booth's Madhav Rajan to discuss the state of the MBA programs at their universities and why there seems to be ac. The conversation also touches on the need for rigorous education, the value of technical skills versus managerial training, and potential innovations like modular MBA degrees. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
History shows that as societies rise to greatness, the scales eventually tip back and those societies fall. But what leads to that fall and are we heading toward one? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with historian Victor Davis Hanson, a senior fellow at the Hoover Institution who specializes in classics and military history. The conversation explores the complexities and fragilities of successful societies like the Mycenaeans, Romans, and Byzantines, how specialization can lead to higher living standards but also increased vulnerability, and our existential worries about the future. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
As we ring in the new year, we're bringing back one of our favorite episodes! Handpicked by Jules and Jonathan, this previous conversation is perfect for starting your year with thought-provoking insights.Are CEOs overpaid? It's easy to see million-dollar (or even billion-dollar) salaries and jump to conclusions. But those figures might not capture the full picture. So, what really goes into deciding CEO compensation? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome back Dirk Jenter, Professor of Finance at the London School of Economics. Together, they debunk some common myths about how CEO compensation is set, explore the value that CEOs add to firms, and make the case for why CEOs could actually be paid more. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
During the 2024 U.S. presidential election, inflation was one of the most talked about issues, and there was one policy idea to get inflation under control that kept coming up: price caps. But history has shown time and time again that price caps do anything but reduce inflation. So why do policymakers still want to try it?In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Veronica Rappoport, associate professor at London School of Economics and former 2nd Deputy Governor of the Central Bank of Argentina. Veronica served as the deputy governor during a key period of high inflation for Argentina. She chats with Jonathan and Jules about the circumstances that can lead to inflation rates as high as the ones Argentina has seen in the last 50 years, how band-aids like price caps can in fact make inflation significantly worse in the long run, and what lessons countries like the U.S. can take from Argentina's case. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
What makes Warren Buffett's investment legacy so iconic, and how has his advice shaped the world of investing? In this episode, we delve into Warren Buffet's investment philosophy and the lessons he offers everyday investors. In our conversation, we unpack the impact of his investment strategies on the financial world, debunk common misconceptions, and discuss how his strategies have changed over time. We also examine the structural barriers to replicating his success, the complexities of scale and changing market dynamics, and the parallels between his approach and modern asset pricing models. Discover Warren Buffett's astonishing historical returns, his perspectives on diminishing returns for active managers, and the misunderstood nuances of his advice regarding index funds. Gain insight into academic research on Warren Buffett's success, his pragmatic view on cash holdings, and his opinion on the value of dividends for investors. Tune in to learn about the world's greatest investor and how you can apply his wisdom to your own portfolio! Key Points From This Episode: (0:04:55) Warren Buffett's legacy and Berkshire Hathaway's performance history. (0:13:04) The problem of diminishing returns to scale and finding skilled active managers. (0:18:37) Reasons Buffett repeatedly advises most investors to choose low-cost index funds. (0:23:14) Why identifying skilled managers before they outperform the market is impossible. (0:30:15) Research explaining Buffett's success using multi-factor asset pricing models. (0:35:30) Insight into why Berkshire Hathaway holds large cash reserves as part of its strategy. (0:44:02) Buffett's views on dividends and why his focus remains on reinvestment. (0:48:16) Why diversification concentration is a bad strategy and Buffett's investing superpower. (0:57:07) Aftershow: Ben's experience of being on The Wealthy Barber podcast. (0:58:07) Reviews and feedback from the episode with Randolph Cohen and Michael Green. (1:04:58) Changes to our year-end episode format and what listeners can expect. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/ CPP by the Fire — https://pages.pwlcapital.com/webinar_cpp_by_the_fire Braden Warwick on LinkedIn — https://linkedin.com/in/braden-warwick-a40b48a3/ PWL Capital CPP Tool — https://research-tools.pwlcapital.com/research/cpp Berkshire Hathaway — https://berkshirehathaway.com/ Berkshire Hathaway Shareholder Letters — https://berkshirehathaway.com/letters/letters.html Richard Ennis — https://richardmennis.com/author/richard-m-ennis Home Trust — https://hometrust.ca/ Ben on The Wealthy Barber Podcast — https://thewealthybarber.com/podcast/ben-felix-a-deep-dive-into-the-world-of-investing-twb-podcast-5/ Episode 61: Ted Seides — https://rationalreminder.ca/podcast/61 Episode 220: Jonathan Berk and Jules van Binsbergen — https://rationalreminder.ca/podcast/220 Episode 332 - Randolph Cohen & Michael Green — https://rationalreminder.ca/podcast/332 Books From Today's Episode: The Intelligent Investor — https://amazon.com/dp/B0CBQ18KDB/ Papers From Today's Episode: 'Buffett's Alpha' — https://doi.org/10.2469/faj.v74.n4.3 'Mutual Fund Flows and Performance in Rational Markets'— https://journals.uchicago.edu/doi/abs/10.1086/424739
Should legacy admissions at colleges and universities be banned? What are the benefits and tradeoffs of admitting students based on their legacy status? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Patrick Awuah, president of Ashesi University, about the Ghanaian university's unique economic engine and the place for legacy admissions in the higher ed world. The conversation delves into how Ashesi University balances economic sustainability with educational inclusivity, the ethical and financial implications of legacy admissions, and tackles the controversial question, does admitting legacy students from wealthy families benefit the greater good of an institution? Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Ga voor de shownotes en het transcript naar damnhoney.nl/aflevering-210DAMN, HONEY wordt gemaakt door Marie Lotte Hagen en Nydia van VoorthuizenIn deze aflevering hoor je advertenties van Greenpeace en IndependerGeef of krijg deze feestdagen NIKS. Het meest duurzame cadeau dat er is. Ga naar greenpeace.nl/niksEven independeren. Daar word je altijd wijzer van. Ga naar independer.nleditwerk: Daniël van de Poppe jingles: Lucas de Gier website: Liesbeth Smit DAMN, HONEY is onderdeel van Dag & Nacht Media. Heb je interesse om te adverteren in deze podcast? Neem dan contact op met Dag en Nacht Media via adverteren@dagennacht.nlZie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.
In this episode Listen to a conversation between your host Vivienne Aerts and Dutch composer and guitarist Corrie van Binsbergen - as we talk about her various projects, being on tour with her projects leading to her new focus: composing for orchestra and following her passion for storytelling. About Corrie van Binsbergen Guitarist, composer and band leader Corrie van Binsbergen finished her classical guitar studies in 1983. She has been active in a very wide musical range and played with numerous different bands and groups, in pop, jazz and improvised music, music for theatre and dance productions, recording sessions, TV-shows and even the circus. This very broad musical background can be heard in her music. She has developed her own characteristic style both in playing and composing. In 1996 she founded the ‘Stichting Brokken', with which she realizes a new, surprising and successful production every one or two years, where she brings together different musical styles and (cross) art forms for a far broader audience than jazz concerts can reach. She combines music and literature to ‘movies for your ears'. Nowadays Van Binsbergen mainly works as a composer. Instagram Website About ViviTalks - Interviews with the Women Behind Typuhthâng. Introducing ViviTalks, a podcast hosted by Dutch New York-based musician Vivienne Aerts. Join us as we celebrate 100 talented female musicians from Vivienne's latest album "Typuhthâng," with a mission to empower female cacao farmers in the Virunga State Park of Congo and contribute to rainforest restoration. We delve into the musical journeys, creative processes, and unique perspectives of these talented women, seeking to bring greater balance to the music industry. It's a safe space for honest and authentic conversations with artists and trailblazers. Let's amplify the voices of remarkable women in music and stay tuned for inspiring stories and meaningful dialogues on ViviTalks. Stream the Album Buy it on Bandcamp and get the chocolate! More about Vivienne here Follow the podcast on your favorite platform
The All Else Equal: Making Better Decisions podcast has officially done 50 episodes! To commemorate the milestone, hosts and finance professors Jonathan Berk and Jules van Binsbergen look back on some of the major all else equal mistakes they've covered on the show. With highlights from past guests like Google CFO Ruth Porat and former SEC chair Jay Clayton, Jonathan and Jules provide insight on the pitfalls of oversimplified decision-making, regulatory challenges, correlation vs. causation, and what organizations can do to avoid making the same all else equal mistakes. Links to past episodes referenced in the show:"Secrets of a Stockpicking Star" with Cliff Asness"Turning ‘Bad' Investments into Good Profits" with Pete Briger"Why Has Private Equity Grown So Much?" with Eric Zinterhofer"Why the Private Debt Markets Have Exploded" with Laurence Gottlieb“Making Regulation Work” with Jay Clayton“Investigating Implausible Theories” with John Ioannidis“Institutional Neutrality: Open Debate and Moral Stands” with John Etchemendy“Making a Business Decision” with Ruth Porat“The Future of Higher Education Part 2” with Niall Ferguson“Disentangling Causation and Correlation” with Guido Imbens“Fair or Unfair: Do Competitive Markets Give Everyone a Chance?” with John Cochrane“May Contain Lies” with Alex Edmans“Understanding the SEC's New Climate Disclosure Rules” with Lawrence Cunningham“Finance Professors on Why Leaders Can't ‘Agree to Disagree'” with Robert Aumann Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/ All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Kelly-Qian van Binsbergen is documentairemaker. Voor Omroep Zwart maakte Van Binsbergen de documentairereeks 'De Afhaalchinees'. De serie werd genomineerd voor een Zilveren Nipkowschijf. In haar nieuwe documentairereeks 'Sexotisch' duikt Van Binsbergen in het fenomeen seksueel racisme. Ze onderzoekt hoe oeroude stereotyperingen en denkpatronen nog altijd invloed hebben op ons dagelijks date- en seksleven. Lotje IJzermans gaat met Kelly-Qian van Binsbergen in gesprek.
If the purpose of a proxy advisory firm is to gather information and advise shareholders on how to vote, then how do the firms handle the many different goals and incentives each shareholder brings to the table? Where do the proxy advisory firms' interests truly lie? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Chester Spatt, finance professor at Carnegie Mellon University and former Chief Economist at U.S. Securities and Exchange Commission, about the function and purpose of proxy advisory firms, such as Institutional Shareholder Services (ISS) and Glass Lewis. The conversation delves into the differing objectives and incentives among shareholders and how that complicates the work of a proxy advisory firm. They also discuss how and why proxy advisory firms may purposely foster close votes, and what could serve as better voting benchmarks. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Regulation is meant to fix problems in the market, but as more and more regulation is introduced, those issues have a tendency to evolve into new ones. So is all this regulation even accomplishing what it set out to do? And how do you even measure the success of regulation to begin with? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen sit down with Jay Clayton, former chairperson of the U.S. Securities and Exchange Commission. They chat with Jay about the unintended consequences of regulation, the increasing challenges facing regulatory bodies in today's political landscape, and debate whether more regulation helps or hurts the overall market. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
Are CEOs overpaid? It's easy to see million-dollar (or even billion-dollar) salaries and jump to conclusions. But those figures might not capture the full picture. So, what really goes into deciding CEO compensation? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome back Dirk Jenter, Professor of Finance at the London School of Economics. Together, they debunk some common myths about how CEO compensation is set, explore the value that CEOs add to firms, and make the case for why CEOs could actually be paid more. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
What is the best way to measure National Debt Sustainability, and how does the US do on those metrics compared to other countries? In the first episode of the new season, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Mohamed El-Erian about the intricacies of the national debt, different measures of sustainability, and the implications of rising debt for national and global economies. Mohamed, Jonathan, and Jules also explore the broader macroeconomic and geopolitical factors at play. They discuss the importance of demographic shifts as well as recent technological advancements (AI) for economic growth and our fiscal future.El-Erian is the former chair of President Obama's Global Development Council and former CEO of PIMCO. He is a Senior Fellow at the Lauder Institute. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/ All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!Corporations are often characterized as evil entities that exploit workers. But in fact they enable firms to provide job security and thus serve the important role of minimizing risk for individual employees.In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen explore how corporations set employees' wages based on their job performance while still providing job security by comparing it to an insurance contract. “I think, in fact, you could think of corporations as entities that insure workers,” says Jonathan Berk.Also in this episode, Jonathan and Jules talk about bankruptcy, house fires, and why your supervisor hasn't fired that one annoying coworker who doesn't do anything.Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!When the scientific method began to be applied widely hundreds of years ago, innovation bloomed. Today, those same principles inform business leaders who rely on data analysis to set and shape direction.In this episode of All Else Equal, professors Jonathan Berk and Jules van Binsbergen speak with Alphabet CFO Ruth Porat about how to — and how not to — use data to make decisions.“It's too easy to just anchor on a set of numbers,” Porat says. “Most important is to look at the trends over time, then break it down to the sensitivity analysis — what are the key variables that will drive behavior one way or another?“Coming with just a flat set of data is not constructive because obviously the world in which we live is not static.”Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If/Then: Research findings to help us navigate complex issues in business, leadership, and society
It can be tempting to think one thing causes another because they happen in succession, but there's a lot to unwrap in the idea of causality. This week, If/Then is featuring an episode from the podcast All Else Equal: Making Better Decisions. Listen as hosts and finance professors Jonathan Berk and Jules van Binsbergen explain the difference between correlation and causality, and examine cases where it is tempting to assume one thing caused another. Their guest for this episode, Guido Imbens, is a professor of Economics at Stanford Graduate School of Business, and was awarded the Nobel Prize in 2021.All Else Equal: Making Better Decisions Podcast is a production of Stanford GSB and is produced by University FM. It is hosted by Jonathan Berk, The A.P. Giannini Professor of Finance at Stanford GSB, and Jules van Binsbergen, The Nippon Life Professor in Finance, Professor of Finance, at The Wharton School. Each episode provides insight into how to make better decisions.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!There's a negative connotation associated with short selling – the act of betting against a stock to perform well. But is this trading practice truly a bad thing? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen build the case for short selling as a dynamic regulating force in the free market. And an incentive for individuals to investigate and expose fraud.Later in the episode, Jonathan and Jules speak with Marc Cohodes, whose notable short-selling decisions have landed him in hot water with powerful figures all over the world. Cohodes has exposed a series of fraudulent practices – from mortgage lender Novastar to digital finance giant Wirecard, and most recently the cryptocurrency exchange FDX – and shares his view on the role of short sellers to step in where government regulation fails.Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!Competitive markets don't produce the same level of prosperity for everyone. But economist John Cochrane thinks they give us something essential — incentives.In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk are joined by Cochrane, a prominent free-market economist and a senior fellow at the Hoover Institution at Stanford University.According to Cochrane, competition gives us the motivation to work, serve the needs of others, and innovate. A system with incentives, he says, “is the only one where we all don't end up worse.” Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!How can investors play a part in accomplishing social change? In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk explore what strategies are available to the social-minded investor.When it comes to what's good for business and what's good for society, van Binsbergen says, “People really would like to have it both ways.” But as he and Berk explain, it is unlikely that they can.The Impact of Impact Investing working paper referenced in this episode. Read more about the pitfalls and promises of ESG on Stanford GSB's website.Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!In this episode, hosts Jules van Binsbergen and Jonathan Berk discuss the complexities of the corporate income tax with former Treasury Secretary Larry Summers, who argues for retaining the tax.Summers explains why taxing corporations is one of the most effective tools the federal government has in making sure the wealthy pay their fair share. Might there be room for improvement? Yes, Summers says, but don't abolish it. “Before we are critical of that tax, we better make awfully sure that we have a superior alternative.”Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What is the real problem with misinformation? Are our biases so ingrained in us that we are unable to think critically about the world and the systems around us? What happens when large institutions attempt to push a heterodox narrative? Do we simply need more education to overcome misinformation, or do we need something much deeper—to learn to think critically again? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Alex Edmans, Professor of Finance at London Business School to discuss his latest book, May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases – And What We Can Do About It.Submit your questions to the show here: https://bit.ly/AllElseEqual Find All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Private credit is one of the fastest-growing asset classes, and today we take a closer look at why that is, and if it's really worth the hype. When you invest in private credit, you are essentially lending money to borrowers who might have difficulty accessing loans elsewhere. While these assets may be profitable, they can also incur a lot of risk and typically come with illiquidity. It is traditionally traded among institutional and accredited investors, rather than retail investors, namely, non-professional investors. Since private credit has gained so much popularity in recent years, we use today's conversation to unpack how private credit works, the role of private credit funds, the associated performance fees and risks, and what retail investors should know about this asset class before deciding to invest. Our conversation investigates one of the top reasons for private credit's rise in popularity, namely risk-adjusted returns, before evaluating whether this is a worthwhile reason to invest, depending on who you are. Stay tuned for our after-show section where we discuss the proposed changes to the capital gains tax, why the death of value could be exaggerated, and more! Key Points From This Episode: (0:00:18) Today's main topic, private credit, and our upcoming webinar on May 22nd. (0:02:18) An introduction to private credit as an asset class. (0:05:33) Private credit funds: how they work, interest rates, performance fees, and valuations. (0:08:14) Who does valuations on private credit funds and related risks. (0:10:01) Unpacking the underlying risks of private credit and how investors are compensated. (0:11:02) Insights from the paper ‘Direct Lending Returns' related to publicly listed business development companies (BDCs). (0:16:15) Takeaways from the paper ‘Risk Adjusting the Returns of Private Debt Funds'. (0:18:16) Private credit funds, equity exposure, how private credit gets misrepresented, and what investors need to know about high-fee investment products. (0:25:09) Illiquidity and what retail investors can expect from private credit. (0:30:15) Our aftershow segment, starting with the proposed changes to capital gains tax. (0:33:55) Ben's conversation with David Chilton. (0:36:55) The value premium and why the death of value could be exaggerated. (0:40:45) Unpacking the heated response to our conversation with Scott Galloway. Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP Webinar May 22nd: Optimal Compensation Strategies for Business Owners — https://us06web.zoom.us/webinar/register/3317145039436/WN_GYudVJCYSnyF8HfUx9UbJQ Money Scope Episode 12 — https://moneyscope.ca/2024/04/19/episode-12-paying-yourself-as-a-canadian-business-owner/ Money Scope Episode 13 — https://moneyscope.ca/2024/04/26/episode-13-optimal-compensation-from-a-ccpc/ Rational Reminder Episode 220: Jonathan Berk and Jules van Binsbergen — https://rationalreminder.ca/podcast/220 Rational Reminder Episode 210: Ludovic Phalippou — https://rationalreminder.ca/podcast/210 David Chilton — https://thewealthybarber.com/ David Chilton on X — https://twitter.com/wealthy_barber?lang=en Rational Reminder Episode 303: Scott Galloway — https://rationalreminder.ca/podcast/303 Books From Today's Episode: The Wealthy Barber: Everyone's Commonsense Guide to Becoming Financially Independent — https://www.amazon.com/Wealthy-Barber-Updated-3rd-Commonsense/dp/0761513116 — Papers From Today's Episode: ‘Direct Lending Returns' — https://rpc.cfainstitute.org/en/research/financial-analysts-journal/2023/direct-lending-returns ‘Risk Adjusting the Returns of Private Debt Funds' — https://www.nber.org/papers/w32278 ‘An Inconvenient Fact: Private Equity Returns & The Billionaire Factory' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3623820 ‘Reports of Value's Death May Be Greatly Exaggerated' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3488748
What are the unseen costs of administrative bureaucracy and an ideology that favors victimhood over scholarly debate? What caused the ideological shift from classical liberalism to the illiberal leanings that now permeate universities, and what does it mean for the future of intellectual innovation and freedom? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Niall Ferguson, the Millbank Family Senior Fellow at the Hoover Institution at Stanford University and a Senior Faculty Fellow at the Belfer Center for Science and International Affairs at Harvard University, for a discussion of Niall's solution to the current problems – a new university. Submit your questions to the show here: https://bit.ly/AllElseEqual Find All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Should universities be primarily research and teaching institutions or should they have broader social responsibilities to today's youth? How are institutions navigating the delicate dance of institutional neutrality among very hot-button and controversial issues? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Carmen Twillie Ambar, President of Oberlin College, and Kimberly Wright Cassidy, President of Bryn Mawr College, to discuss the shape, motivations, and responsibilities of Higher Education today and also going forward. Submit your questions to the show here: https://bit.ly/AllElseEqual Find All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is Suze Orman giving out bad investment advice? Should you ever not refinance rates drop? Is dilution of stock a bad thing for the early stockholders? Should you dollar cost average? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen evaluate three pieces of widely given investing advice and drill down for why each one is actually bad investment advice. Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There is a problem. Lawyers and Founders have misaligned incentives. Daniel van Binsbergen, lawyer turned founder, shares his perspective on tackling legal challenges in the startup world. Having Founded and exited Lexoo, a legal marketplace, DVB bridges the gap between the legal world and the entrepreneurial mindset. From prioritising legal matters and managing risk tolerance, to fostering a productive relationship with your lawyer and adapting to the fast-paced startup environment - expect actionable insights and candid advice on how to effectively handle legal aspects while not being distracted from your business.
Ricky Mulvey caught up with Jules van Binsbergen, a finance professor at the University of Pennsylvania's Wharton School, to talk about market sentiment, savings goals, and how to prepare for periods with lower rates of return. They also discuss: Disconnects between the real economy and financial markets, Whether the US stock market is merely a “lucky survivor,” And the dangers of institutional thinking – in investing and academia. Tickers discussed: NOK, BTC Host: Ricky Mulvey Guest: Jules van Binsbergen Producer: Mary Long Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices