Podcast appearances and mentions of Campbell R Harvey

In this episode with Campbell R. Harvey, Professor of Finance at Duke University and Director of Research at Research Affiliates, LLC, we break down the significance of the yield curve inversion and what it signals for the future of the economy. We discuss the Federal Reserve's policy mistakes, the impact of high interest rates on growth, and where Bitcoin and decentralized finance (DeFi) fit into investment portfolios. If you're curious about where the economy is headed and how to position yourself for the future, this conversation is packed with valuable insights. Follow Campbell R. Harvey: https://x.com/camharvey ►► WANT MORE? JOIN MY COMMUNITY AND GET EVERYTHING WOLF OF ALL STREETS!

Are you curious about the hidden factors driving your investment decisions? Today's guest is Andrew Chen, a Principal Economist at the Federal Reserve Board who focuses on monetary policy and financial stability. Published in leading journals, his research informs key policy decisions and helps shape the Federal Reserve's strategy for managing economic challenges effectively. In this episode, Andrew delves into the intricacies of meta-research and asset pricing, focusing on cross-sectional asset pricing predictors, replication, and out-of-sample performance in factor investing. We discuss the significance of open-source data and transparency, highlighting Andrew's creation of the Open Source Asset Pricing project, an indispensable and comprehensive dataset for asset pricing predictors. We also address the challenges of replicating financial studies, publication bias, data mining, and false discovery rates, with Andrew offering practical insights on how these factors impact financial research and investment decisions. For actionable insights that could refine your investment strategies and enhance your understanding of financial research, don't miss this fascinating conversation!   Key Points From This Episode:   (0:03:43) What an asset pricing factor is and how it differs from a predictor. (0:04:25) Three plausible explanations for why cross-sectional predictors exist. (0:05:45) Insight into Andrew's Open Source Asset Pricing project and why it's so important. (0:09:49) Where the results of his research diverge from other papers on the subject. (0:11:42) How the returns on anomalies in his data sample change post-publication. (0:12:33) Implications of this research for the “replication crisis” in cross-sectional asset pricing. (0:14:14) Challenges of false discovery rates, publication bias, and out-of-sample returns. (0:18:37) The effect of transaction costs on expected returns from factor investing. (0:22:02) Problems with estimating factor expected returns using historical data. (0:26:08) A big-picture view of the factors with the strongest investable expected returns. (0:29:12) The relative value of peer-reviewed factors with strong theoretical underpinnings. (0:35:13) Whether or not machine learning can be useful for asset pricing research. (0:37:39) Practical advice for using financial research to inform your investment decisions. (0:40:08) Andrew's take on the current state of cross-sectional asset pricing. (0:42:58) The simple way that Andrew defines success for himself.   Links From Today's Episode:   Rational Reminder on Apple Podcasts — https://podcasts.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/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/@rationalreminder/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://x.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://x.com/MarkMcGrathCFP Andrew Chen — https://sites.google.com/site/chenandrewy/ Federal Reserve Board — https://www.federalreserve.gov/ Andrew Chen on LinkedIn — https://www.linkedin.com/in/andrew-chen-63394169/ Andrew Chen on X — https://x.com/achenfinance Open Source Asset Pricing Project — https://www.openassetpricing.com/ Center for Research in Security Prices — https://www.crsp.org/   Books From Today's Episode:    The Adaptive Markets Hypothesis: An Evolutionary Approach to Understanding Financial System Dynamics — https://www.amazon.com/dp/0199681147   Papers From Today's Episode:    Andrew Chen, Tom Zimmermann, 'Open Source Cross-Sectional Asset Pricing'— https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3604626 Kewei Hou, Chen Xue, Lu Zhang, 'Replicating Anomalies' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3275496 R. David McLean, Jeffrey Pontiff, 'Does Academic Research Destroy Stock Return Predictability?' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2156623 Ilia D. Dichev, 'Is the Risk of Bankruptcy a Systematic Risk?' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=99868 Campbell R. Harvey, Yan Liu, Caroline Zhu, ‘…and the Cross-Section of Expected Returns' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2249314 Andrew Chen, Mihail Velikov, ‘Zeroing in on the Expected Returns of Anomalies' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3073681 Andrew Chen, Alejandro Lopez-Lira, Tom Zimmermann, ‘Does Peer-Reviewed Research Help Predict Stock Returns?' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4308069  

** This episode uses visual aids and slides throughout, you may want to check out the video version here (https://youtu.be/UKiQ6jTsv4E)** In this week's episode, Anna (https://twitter.com/annarrose) and Nico Mohnblatt (https://twitter.com/nico_mnbl) from Geometry Research (https://geometry.dev/about) host a ZK Jargon Decoder episode. Based on Nico's ZK Jargon Decoder Website (https://nmohnblatt.github.io/zk-jargon-decoder/), they discuss some of the confusing terms and concepts commonly used by the ZK community. The session aims to be digestible for those still in the early stages of their ZK learning journey, but it does take a dive into the depths of detail every now and again! This episode uses visual aids and slides throughout, so you may want to check out the full video version of this discussion over on the ZK Podcast YouTube channel (https://www.youtube.com/@zeroknowledgefm). This ZK Jargon Decoder Session is also very well complimented by the ZK Whiteboard sessions (https://zkhack.dev/whiteboard/). Nico specifically references sessions 1 (https://zkhack.dev/whiteboard/module-one/), 4 (https://zkhack.dev/whiteboard/module-four/), 5 (https://zkhack.dev/whiteboard/module-five/) and 6 (https://zkhack.dev/whiteboard/module-six/). Here's some additional links for this episode: ZK HACK IV - ZK Jargon Decoder (https://www.youtube.com/watch?v=68AXfOR74cA) ZK Jargon Decoder GitHub (https://nmohnblatt.github.io/zk-jargon-decoder/) ZK Hack IV Sessions Playlist (https://www.youtube.com/watch?v=Vaz4a_Vhntk&list=PLj80z0cJm8QFGB6AsiAG3EB06L7xr5S1c) ZK-WALDO: A Simple Zero Knowledge Proof (https://agstakingco.gitbook.io/zk-waldo-intro-to-zero-knowledge-proofs) ZK Whiteboard Sessions: What is a SNARK? With Dan Boneh (https://zkhack.dev/whiteboard/module-one/) ZK Whiteboard Sessions: SNARKs vs. STARKs with Bobbin Threadbare and Brendan Farmer (https://zkhack.dev/whiteboard/module-four/) PLONKish Arithmetization - ZK Jargon Decoder Description (https://nmohnblatt.github.io/zk-jargon-decoder/definitions/plonkish_arithmetization.html) ZK Whiteboard Sessions: PLONK and Custom Gates with Adrian Hamelink (https://zkhack.dev/whiteboard/module-five/) Oracles - ZK Jargon Decoder Description (https://nmohnblatt.github.io/zk-jargon-decoder/definitions/oracle.html) FRI Summary 1 - Contextualizing STARKs, ALI, FRI, and DEEP by RISC Zero Study Club (https://www.youtube.com/watch?v=D8sW6OUbAXM) R1CS - ZK Jargon Decoder Description (https://nmohnblatt.github.io/zk-jargon-decoder/definitions/r1cs.html) ZK Whiteboard Sessions: Lookup Arguments for Performance Optimisation with Mary Maller (https://zkhack.dev/whiteboard/module-six/) The Billiard Ball Example presented by Campbell R. Harvey (https://people.duke.edu/~charvey/Teaching/697_2021/Public_Presentations_697/Zero_knowledge_2021_697.pdf) ZK Podcast Episode 21: Introduction to Zero Knowledge Proofs (https://zeroknowledge.fm/21-2/) Applications to attend zkSummit11 are now open, head over to the zkSummit website (https://www.zksummit.com/) to apply now. The event will be held on 10 April in Athens, Greece. ZK Hack IV online is now live, sign up for the final session on Tuesday 6 Feb here (https://events.ringcentral.com/events/zkhackiv-4). For the latest news on the event check out the zhhack.dev/zkhackIV (https://zkhack.dev/zkhackIV/) website. Launching soon, Namada (https://namada.net/) is a proof-of-stake L1 blockchain focused on multichain, asset-agnostic privacy, via a unified shielded set. Namada is natively interoperable with fast-finality chains via IBC, and with Ethereum using a trust-minimised bridge. Follow Namada on Twitter @namada (https://twitter.com/namada) for more information and join the community on Discord discord.gg/namada (http://discord.gg/namada). If you like what we do: * Find all our links here! @ZeroKnowledge | Linktree (https://linktr.ee/zeroknowledge) * Subscribe to our podcast newsletter (https://zeroknowledge.substack.com) * Follow us on Twitter @zeroknowledgefm (https://twitter.com/zeroknowledgefm) * Join us on Telegram (https://zeroknowledge.fm/telegram) * Catch us on YouTube (https://zeroknowledge.fm/)

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG,. __ So many market participants now regard an inverted yield curve as a harbinger of a recession, due to the indicator's perfect track record of preceding an economic slowdown. Today, Jack interviews the founder of this economic indicator, Campbell R. Harvey. Harvey shares how he discovered this signal in the bond market in the 1980s, and how it has an 8 out 8 track record in preceding recessions (with zero false signal). An inverted yield curve is when short-term interest rates exceed long-term interest rates. Harvey's specific signal on which he wrote his dissertation in 1986 (his thesis advisor was Eugene Fama, Nobel Prize-winning economist) was the spread between the 10-year Treasury yield and the 3-month Treasury yield. It is this indicator which has an 8/8 perfect track record, not the 2s10s (10-year Treasury yield minus the 2-year Treasury yield), which as Harvey notes gave a false signal in 1998. Harvey argues that since his 10-year / 3-month signal inverted in the fall of 2022, the first and second quarter of 2024 is when a potential economic slowdown would occur (the average lag between the inversion of the 10-year / 3-month spread is 12 months, but the longest lag is 22 months). However, Harvey notes that there are several positive forces supporting the U.S. economy, such as fiscal stimulus and a strong labor market, as seen by job vacancies in excess of unemployment. While Harvey hopes that these forces can induce a “soft landing,” it is his base case that the 10-year / 3-month inversion will go 9 for 9 in forecasting an economic slowdown. Harvey is Professor of Finance at Duke University's Fuqua School of Business, Research Associate of the National Bureau of Economic Research (NBER), Director of Research and Partner at Research Affiliates, and author of the book “DeFi and the Future of Finance.” Filmed on January 16, 2024. __ Investing involves substantial risk and high volatility, including possible loss of principal. Visit VanEck.com or call 800-826-2333 to carefully read a prospectus before investing. The VanEck Morningstar Wide Moat ETF (MOAT) is distributed by VanEck Securities Corporation, a wholly-owned subsidiary of VanEck Associates Corporation __ Follow Cam Harvey on Twitter https://twitter.com/camharvey?lang=en Cam Harvey on LinkedIn https://www.linkedin.com/in/camharvey/ Cam Harvey's website https://people.duke.edu/~charvey/ Cam Harvey's Original 1986 Dissertation on Inverted Yield Curve: https://people.duke.edu/~charvey/Research/Thesis/Thesis.pdf Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Use code FG10 to get 10% off Blockworks' Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london __ Timestamps: (00:00) Introduction (12:07) Early 2023 Harvey Raised Possibility That "This Might Be A False Signal" (18:39) VanEck Ad (19:18) Inverted Curves Go From Predicting Recessions To... Causing Them? (21:04) The Theoretical Support For Why Inverted Yield Curves Precede Recessions (25:18) The Impact Of Expectations of Federal Reserve Interest Rate Policy On The Yield Curve (30:52) Factors That Support A Soft Landing: Tight Labor Market and Strong Housing Market (36:44) What About The Chance That There Was Already A Recession In 2022? (42:41) Worries About The Banking System And "A Future Credit Squeeze" (46:05) Fed Should Cut Rates Right Now, Since Shelter Inflation Data Is Extremely Lagging (55:04) Closing Thoughts On Yield Curve __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice.

Jason discusses the topic of decentralized finance (defi) and its potential advantages in the cryptocurrency world. He also touches on the issue of the US housing shortage and how it presents opportunities for real estate investors. Additionally, Jason highlights the benefits of joining the "Fire Your Managers" program and announced an upcoming Empowered Investor pro meeting that will host a guest who will present a special "tenant insurance" product . Finally, he invites everyone to join their community to grow their real estate portfolio.  Jason then interviews Professor Campbell R. Harvey from Duke University's Fuqua School of Business and the author of DeFi and the Future of Finance as they talk about the yield curve and Decentralized Finance. Harvey discusses the phenomenon of an inverted yield curve, which has predicted every recession for the last several decades. Harvey expressed his concern about the current inverted yield curve, which has been in place for 12 months, traditionally leading to a recession. Jason and Campbell also discuss the significance of an inverted yield curve and the potential of decentralized finance (defi) in the financial world. They identified problems with the current financial system and the possibility of solutions through DeFi, such as the need for an alternative to the SWIFT system for wire transfers and the ability to store and use value in transactions. With the advent of WEB 3.0 and the decentralization of monetary assets, DeFi is truly set to revolutionize the world in all economic aspects especially finance.   Key Takeaways: Jason's editorial 1:27 Today's episode: The future of DeFi 2:25 The 'other' housing crisis- a huge opportunity for real estate investors 5:05 Chart: Housing demand robust on favorable age demographics of FTHBs 6:56 Home prices hit record in September 7:44 FireYourManagers.com 8:38 Join our monthly meeting- go to EmpoweredInvestorPro.com 9:27 Join our cruise- go to EmpoweredInvestorLive.com    Campbell R. Harvey interview 10:07 The inverted yield curve 13:11 Adjusting for inflation and the FED 16:49 Is the future inflationary 18:16 The yield curve- why it inverts and is a predictor of a recession 21:54 Decentralized Finance (DeFi)  27:09 WEB 3.0 30:02 Ethereum 31:30 Competing with the government's #1 product- Fiat currency 36:30 The El Salvador bitcoin experiment   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

In this episode, we start by learning about the complex relationship between recessions and stock returns before welcoming Huston Loke and Jordan Solway from the Financial Services Regulatory Authority (FSRA) to discuss protecting consumers in the financial investment space. Huston is the Executive Vice President of Market Conduct, and Jordan is the Executive Vice President of Legal and Enforcement at FSRA. The FSRA supervises insurance companies, mortgage brokers, credit unions, pensions and other non-securities areas of the financial services sector. We discuss the objectives of the FSRA, their approach to protecting consumers, enforcement strategies, upcoming regulations, and more. Then, we welcome back Mark McGrath to learn about the Passive Investment Grind (PIG) concept for this week's Mark to Market segment, and we take a look back at a previous episode with Ted Seides of Capital Allocators. Finally, we are joined by author Tim Hale to discuss the new edition of his book Smarter Investing before closing off with our usual after-show roundup. Tune in now!   Key Points From This Episode:   (0:03:22) The relationship between recessions and stock returns, the definition of a technical recession, and the role of media in shaping perceptions. (0:09:33) Why bad economic conditions don't necessarily warrant changes to investment strategies and why attempts to time the market based on recession news should be avoided.  (0:13:42) Introducing Huston Loke and Jordan Solway and background about the Financial Services Regulatory Authority of Ontario (FSRA).  (0:15:34) Objectives of the FSRA and the principle of putting the client's interest first.  (0:18:55) What aspects of financial advisory services FSRA regard as the most important.  (0:20:30) Unpacking the “Take-All-Comers” rule in Ontario and how it protects consumers.  (0:25:32) How successful the title protection rule has been in Ontario and how it differentiates between the title of financial advisor and financial planner.  (0:29:21) Concerns about the rollout of the title protection rule and the disparity across various designations.  (0:33:26) Advice for identifying a suitable financial advisor or planner and how the FSRA is helping cross-check credentials.  (0:37:19) FSRA's findings in a review of tiered recruitment model life insurance MGAs and the enforcement action taken.   (0:44:47) Insights into commission-based compensation structures for financial products and upcoming commission disclosure rules. (0:49:09) Additional steps consumers can take to avoid bad financial advice and services.  (0:50:49) Recommendations for budding financial planners or advisors to ensure they get the correct training.  (0:53:23) Discover the infinite banking concept and what future initiatives Huston and Jordan are most excited about.  (0:59:35) Mark explains the passive investment grind concept in our Mark to Market segment.  (1:09:21) Recapping essential takeaways from a previous episode with Ted Seides. (1:12:02) Tim Hale discusses his book Smarter Investing, his motivation for writing it, his intended audience, and its main takeaways.  (1:20:09) How the financial landscape has changed since the first edition of his book and his shift toward systematic investing.  (1:25:25) Tim shares what he thinks are the biggest mistakes investors make and behavioural biases that influence investors' decisions.  (1:27:58) Final words of wisdom Tim has for listeners and how his approach applies to markets outside of the UK.  (1:29:45) Aftershow roundup, listener reviews, book recommendations, and more!    Join Our Live Events: Paying it Forward to Yourself: Compensation strategies for Canadian Business Owners - https://us06web.zoom.us/webinar/register/1517000820593/WN_35_OSP3XT9Gabu6KjIT4Tg  Investing 101: Financial Literacy Month Webinar - https://us06web.zoom.us/webinar/register/2417000820935/WN_snfu-ZhzQKeB6CZSw1yHuA   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.caBenjamin 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/ Paying It Forward to Yourself (Webinar) — https://us06web.zoom.us/webinar/register/4416996396442/WN_35_OSP3XT9Gabu6KjIT4Tg Investing 101 (Webinar) — https://us06web.zoom.us/webinar/register/2317000628845/WN_snfu-ZhzQKeB6CZSw1yHuA#/registration ‘Should my investment strategy change during a recession?' — https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-investing-strategy-during-a-recession/ C.D. Howe Institute Business Cycle Council — https://www.cdhowe.org/council/business-cycle-council Episode 171: Prof. Campbell R. Harvey — https://rationalreminder.ca/podcast/171 ‘Conditional Skewness in Asset Pricing Tests' — https://www.jstor.org/stable/222452 ‘… and the Cross-Section of Expected Returns' — https://faculty.fuqua.duke.edu/~charvey/Research/Published_Papers/P118_and_the_cross.PDF  Huston Loke — https://www.fsrao.ca/about-fsra/leadership/huston-loke Huston Loke on LinkedIn — https://www.linkedin.com/in/hloke/ Jordan Solway — https://www.fsrao.ca/about-fsra/leadership/jordan-solway Jordan Solway on LinkedIn — https://www.linkedin.com/in/jordan-solway-4a261314/ Financial Services Regulatory Authority of Ontario (FSRA) — https://www.fsrao.ca/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP   Mark McGrath on Calendly — https://calendly.com/mark_mcgrath/ Episode 61: Ted Seides — https://rationalreminder.ca/podcast/61 Ted Seides on LinkedIn — https://www.linkedin.com/in/tedseides Ted Seides on Twitter — https://twitter.com/tseides Capital Allocators — https://www.capitalallocators.com/ Tim Hale on LinkedIn — https://www.linkedin.com/in/tim-hale-4b67ba24/ Life on Our Planet — https://www.imdb.com/title/tt23181388/ The Behavioral Divide Podcast — https://podcasts.apple.com/us/podcast/the-behavioral-divide-with-hal-hershfield/id1713168854 Episode 278: Juhani Linnainmaa — https://rationalreminder.ca/podcast/278   Books From Today's Episode:  Smarter Investing — https://www.amazon.com/Smarter-Investing-Simpler-Decisions-Results/dp/0273722077 Albion Strategic Consulting — https://albionstrategic.com/ Winning the Loser's Game – https://www.amazon.com/Winning-Losers-Game-Seventh-Strategies/dp/1259838048 Tightwads and Spendthrifts — https://www.amazon.com/Tightwads-Spendthrifts-Navigating-Minefield-Relationships/dp/1250280079 Clear Thinking — https://www.amazon.com/Clear-Thinking-Turning-Ordinary-Extraordinary/dp/0593086112 Strangers in Paradise — https://www.amazon.com/Strangers-Paradise-Families-Wealth-Generations/dp/0615894356/ Wealth 3.0 — https://www.amazon.com/Wealth-3-0-Future-Family-Advising/dp/B0C9SHFSGM Same as Ever — https://www.amazon.com/Same-Ever-Guide-Never-Changes/dp/0593332709/  

In this episode, we are trying something different. Recorded live at the CFA Society's Toronto Annual Wealth Conference, we take an exclusive look at the origins and evolution of the Rational Reminder Podcast through an interview with Ben and Cameron. From motivations for starting the podcast to favourite episodes and guests, we delve into the behind-the-scenes of the show. Discover how the podcast has grown, the impact it's had on listeners, and the exciting global reach it's achieved. Get an exclusive look at the challenges, regrets, and valuable lessons learned along the way. Then, we are joined by Mark McGrath to explore common pitfalls of ITF accounts, providing listeners with valuable information to help them make the right decisions for their investments. Finally, we welcome special guest Brittany Hodak, author of Creating Superfans, which unpacks the concept of turning customers into passionate fans of your brand. Brittany shares her insights on the power of storytelling in business and how to create Superfans who will champion your brand. We explore the concept of the experience economy, the right approach to investing in marketing for your business, and much more! Join us for this extraordinary episode that blends wealth management insights, podcasting wisdom, and the secrets to cultivating Superfans. Whether you're a long-time Rational Reminder listener or a business owner seeking to supercharge customer loyalty, this episode has something for everyone. Tune in now!   Key Points From This Episode:   (0:04:32) Introduction to Ben and Cameron's interview at the 2023 Annual Wealth Conference.  (0:07:15) Learn about the average listener base for the show, the active Rational Reminder community, and how the podcast has grown over time.  (0:10:08) The global reach of the podcast, how it has benefitted business, and a look back at the first episode of Rational Reminder.  (0:13:19) What Ben and Cameron originally envisioned, how they met, and what motivated them to start a podcast.  (0:15:17) Insights into the cost of the show, the shift from audio only, and the appetite for long-form content.  (0:18:18) Their favourite episodes and guests, keeping content balanced, and how the reading challenge was started.  (0:25:25) Attracting big industry names to the podcast, their dream guests, and the episodes that did not go to plan.  (0:31:28) Advice for aspiring podcasters, the amount of work the show takes, and their biggest lessons so far.  (0:37:02) Ben and Cameron share their reading habits and the books they think everyone should read and why.  (0:40:14) Why they work so well together, plans for the future, and what they wish they knew before starting the podcast.  (0:43:14) Ben and Cameron each share their definition of success, and final words of advice for listeners.  (0:45:46) Mark to Market: exploring the ins and outs of ITF accounts to avoid common mistakes. (0:55:04) Introducing today's guest, Brittany Hodak, and her fascinating book, Superfans.  (0:56:51) Brittany explains some basic definitions and the power of storytelling for your business.  (0:59:50) Why storytelling has become a potent marketing technique, and why Superfans are important to building a successful business.  (1:02:53) Unpacking the Superfan personality, how they can be created, and identifying your customer's story.  (1:08:47) Defining the experience economy and its impact on customer expectations.  (1:12:38) Recommendations for how businesses should approach investing in marketing.  (1:14:11) The after-show: trip highlights, listener reviews, and more!    Books From Today's Episode: The Fiscal Theory of the Price Level — https://www.amazon.com/Fiscal-Theory-Price-Level/dp/0691242240 How to Change — https://www.amazon.com/How-Change-Science-Getting-Where/dp/059308375X Get It Done — https://www.amazon.com/Get-Done-Surprising-Lessons-Motivation/dp/0316538361/ Your Future Self — https://www.amazon.com/Your-Future-Self-Tomorrow-Better/dp/B0BJ554T6M/ Like the Best Podcast — https://open.spotify.com/show/22fi0RqfoBACCuQDv97wFO Deep Work — https://www.amazon.com/Deep-Work-Focused-Success-Distracted/dp/1455586692 Storyworthy — https://www.amazon.com/Storyworthy-Engage-Persuade-through-Storytelling/dp/1608685489 Financial Market History — https://www.amazon.com/Financial-Market-History-Reflections-Investors-ebook/dp/B06WVBHK72/ The Great Depression: A Diary — https://www.amazon.com/The-Great-Depression-audiobook/dp/B0030HF9F6/ Using Behavioral Science in Marketing — https://www.amazon.com/Using-Behavioral-Science-Marketing-Instinctive/dp/1398606685/ Clear Thinking — https://www.amazon.com/Clear-Thinking/dp/0593716213   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/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on X — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on X — https://twitter.com/benjaminwfelix Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on X - https://twitter.com/MarkMcGrathCFP Mark McGrath on LinkedIn - https://www.linkedin.com/in/markmcgrathcfp/ Brittany Hodak — https://brittanyhodak.com/ Brittany Hodak on X — https://twitter.com/BrittanyHodak Brittany Hodak on Instagram — https://www.instagram.com/brittanyhodak/ Brittany Hodak on Facebook — https://www.facebook.com/BrittanyHodak Brittany Hodak on LinkedIn — https://www.linkedin.com/in/brittanyhodak/ Creating Superfans — https://www.amazon.com/Creating-Superfans-Five-Step-Multiplying-Reputation/dp/1774580780 Annual Wealth Conference 2023 — https://web.cvent.com/event/874a7379-a0cb-4b91-ad18-c46daf17b685/summary Rational Reminder Episode 1: The Cheapest Advice Probably isn't the Best — https://rationalreminder.ca/podcast/1 Rational Reminder Episode 100: Prof. Kenneth French — https://rationalreminder.ca/podcast/100 Rational Reminder Episode 169: Prof. John Cochrane — https://rationalreminder.ca/podcast/169 Rational Reminder Episode 171: Prof. Campbell R. Harvey — https://rationalreminder.ca/podcast/171 Rational Reminder Episode 200: Prof. Eugene Fama — https://rationalreminder.ca/podcast/200 Rational Reminder Episode 224: Prof. Scott Cederburg — https://rationalreminder.ca/podcast/224 Rational Reminder Episode 226: Colonel Chris Hadfield — https://rationalreminder.ca/podcast/226 Rational Reminder Episode 268: Itzhak Ben-David — https://rationalreminder.ca/podcast/268 Rational Reminder Episode 271: Expected Returns of the AI Revolution (plus People are Lying to You About Money w/ Anthony Walsh) — https://rationalreminder.ca/podcast/271

Campbell R. Harvey, Professor of Finance at Duke University, joins me and my co-host, Dave Wesiberger for today's Macro Monday show.  Campbell R. Harvey: https://twitter.com/camharvey Dave Wesiberger: https://twitter.com/daveweisberger1  ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.

O avanço das Finanças Descentralizadas (DeFi) favorece a transformação de diversos produtos, serviços e soluções do sistema financeiro tradicional. Denis Nakazawa, diretor da consultoria global Accenture, comenta por que as DeFi são um caminho sem volta e onde estão os riscos e as oportunidades para pessoas e empresas.Links do episódioOs relatórios da Accenture:“DeFi - Como as finanças descentralizadas podem transformar o mercado financeiro” “CBDC - Os impactos de Central Bank Digital Currencies no mercado mundial” O estudo “DLT in the Real World 2022 - Key Survey Findings”O livro “Financial Services Revolution”, de Alex TapscottO livro “DeFi and the Future of Finance”, de Campbell R. Harvey,O livro “What is DeFi?”, de Joakim KristiansenO livro “The Internet of Money: A collection of talks”, de Andreas M. Antonopoulos_____FALE CONOSCOEmail: news@theshift.info_____ASSINE A THE SHIFTwww.theshift.info

In this episode of the DeFi Download, Piers Ridyard interviews Professor Campbell Harvey, Professor of Finance at Duke University, and co-author of DeFi and the future of finance. Campbell R. Harvey graduated from the University of Chicago with a PhD in finance. He held the position of Editor of The Journal of Finance, one of the most prestigious journals in the field of economics, from 2006 to 2012. He presided over the American Finance Association in 2016.More than 150 scholarly articles by Professor Campbell Harvey have been published on subjects as diverse as investment finance, emerging markets, corporate finance, behavioural finance, financial econometrics, and computer science. Professor Harvey has been teaching "Innovation and Cryptoventures" at Duke University for the past few years. This course focuses on the workings and uses of blockchain technology as well as decentralised finance. You can find his DeFi-related online courses on Coursera. [1:00] How Campbell Harvey came to be a finance professor and write about DeFi and the future of finance[12:46] What is the purpose of the financial system?[19:48] What makes DeFi special? Why does this technological application differ from other digital service approaches?[24:00] The Internet's peer-to-peer nature as a network of services, providers, and users, its current degree of centralisation, the differences between Web 1.0, 2.0, and 3.0, and the significance of DeFi[27:47] Web 3.0's powerful advancements[31:28] Regulatory issues in the United States and globallyFurther resourcesWebsite: people.duke.edu/~charvey/ Book on Amazon: DeFi and the Future of FinanceCoursera CoursesTwitter: @camharvey LinkedIn: https://www.linkedin.com/in/camharvey

No biênio 20/21 as empresas foram forçadas a fazer o maior salto digital de todos os tempos. Em 2022 vão precisar acelerar as mudanças. Selecionamos 12 livros para se preparar para os desafios do próximo ano._____Links do episódio   "Pense de novo: O poder de saber o que você não sabe", de Adam Grant "​​Inteligência Artificial – mitos e verdades, as reais oportunidades de criação de valor nos negócios e os impactos no futuro do trabalho", de Adriano Mussa "Inflexão Estratégica​​", de Rita McGrath “O que é estratégia?“, de Silvio Meira  "DeFi and the Future of Finance", de  Campbell R. Harvey, Ashwin Ramachandran e Joey Santoro. “A coragem para liderar”, de Brené Brown "Sob um Céu Branco: A natureza no futuro", de Elizabeth Kolbert  "A Decodificadora: Jennifer Doudna", de Walter Isaacson "O mindset da Inovação: a jornada do sucesso para potencializar o crescimento da sua empresa", de Guilherme Horn  "Da privacidade à proteção de dados pessoais", de Danilo Doneda “Blockchain para principiantes: Tudo o que você precisa saber sobre a tecnologia Blockchain”, do Ray Toffler "This is How They Tell Me the World Ends: The Cyberweapons Arms Race", de  Nicole Perlroth​​ _____FALE CONOSCOEmail: news@theshift.info_____ASSINE A THE SHIFTwww.theshift.info

O entusiasmo com as finanças descentralizadas (o DeFi), a tokenização de ativos, os tokens não fungíveis (NFTs) e criptoativos só faz crescer. Mais cedo ou mais tarde vai atingir você, alertam João Canhada, CEO da Foxbit e Eduardo Dutra, head da Bitso._____LINKS DO EPISÓDIOO livro "The Mystery of Banking​​", de Murray N. Rothbard  O canal do Andreas Antonopoulos no YouTube O livro "DeFi and the Future of Finance", de Campbell R. Harvey, Ashwin Ramachandran e Joey Santoro O livro "O futuro do dinheiro", de Rudá Pellini O livro "Bitcoin Red Pill: O Renascimento Moral, Material e Tecnológico", de Renato Amoedo e Alan Schramm de Lima_____WHATSAPPA conversa de hoje está sensacional, já vou adiantando, mas antes de começar, temos uma dica de segurança importante que vem do pessoal do WhatsApp. Parece que não, mas você pode proteger sua conta no Whatsapp e evitar que ela caia na mão de gente interessada em explorar seus amigos pedindo dinheiro ou outras coisas.Como? Muito simples: nunca compartilhe o seu código de verificação, esse código de 6 dígitos que chega por SMS para você para instalar seu Whatsapp em outros celulares, tipo quando você troca de celular, sabe?. Assim você evita que sua conta seja roubada! Quem compartilha se arrisca a ter a conta sequestrada!É importante ficar alerta. Os criminosos podem enviar SMS falsos se passando por lojas virtuais e bancos, pedindo o compartilhamento do "código de verificação". Recebeu um pedido de compartilhamento do código? Não compartilha! É treta. Mas compartilhe sim essa dica com seus amigos e familiares. Informação boa tem que passar pra frente. Afinal, todo mundo pode cair em golpes. Mas todo mundo pode evitar.Valeu pela dica WhatsApp!_____FALE CONOSCOEmail: theshift@b9.com.br_____ASSINE A THE SHIFTwww.theshift.info

For this week's episode (our longest to date), we get together with the legendary Professor Campbell R. Harvey and take a deep dive into a diverse range of topics that draw on his incredible breadth of knowledge and extensive research. Campbell is the Professor of International Business at Duke University and is also a Research Associate at the National Bureau of Economic Research. In 2016 he served as the President of the American Finance Association, and from 2006 to 2012 he occupied the incredibly demanding role of Editor for the Journal of Finance. One of his earliest achievements was identifying the inverted yield curve's ability to predict a recession, a highly regarded metric that is near-ubiquitous in its implementation. For the first half of our conversation, we focus on his research in areas like skewness and emerging economies. We cover specific topics like the factor zoo, why it's problematic, and how Campbell, along with his student Yan Lui, found through their research that approximately half of the published empirical research in finance at the time was, in fact, false. We also unpack his most downloaded paper entitled The Golden Dilemma and get into the intricacies of why gold is an unreliable inflation hedge. For the latter half of our conversation, we hear about Campbell's latest book DeFi and the Future of Finance along with his most recent research. Discover how Campbell first became interested in the topic several years ago and decided to put together a course for his students. We also delve into the rise of decentralized finance (DeFi) and how we can expect it to shape global finance, trading, and the future of the internet. Join us today for this essential episode on everything from the pitfalls of academia, to emerging markets, to Bitcoin, and much more!   Key Points From This Episode:   Introducing this week's guest Professor Campbell Harvey. [00:02:46] How Campbell's research brought him to Chicago's Ph.D. program. [00:03:55] How Campbell identified that an inverted yield curve had preceded the past four recessions and could be a reliable economic predictor. [00:07:03] Hear about Campbell's research on skewness, as opposed to simply mean and variance, which is often the focus of portfolio theory. [00:11:40] Why it's surprising that skewness is still largely disregarded in favor of mean and variance. [00:16:42] Why mean and variance are insufficient for measuring risk when comparing a concentrated portfolio with a more diversified portfolio. [00:20:45] Some of the special considerations that Campbell prioritizes when assessing emerging markets in context and managing an overall portfolio.[00:22:04] Observations on the cost of capital being higher before integration and liberalization. [00:25:11] The implications that Campbell's research on emerging markets has on asset allocation. [00:26:51] Dynamic asset allocation, Campbell's research in emerging markets, and how those lessons can be applied when investing in emerging markets at a time when the cost of capital is high. [00:30:04] The factor zoo, why it's problematic, and how it is caused by data mining. [00:32:26] How Campbell and his student Yan Lui estimated that half of the published empirical research in finance was false and how this has occurred in other industries due to data mining. [00:33:02] How economic incentives from the investment industry inform research. [00:39:38] The important distinction between academic research and practitioner research, and asset management. [00:44:15] The extent to which asset management research could be considered to be more reliable than academic research. [00:47:23] Some of the mistakes that investors make when they pursue these factor premiums that have been identified [00:49:29] Machine learning and its impact on investment decisions for retail and institutional investors. [00:56:06] Whether the benefits of potential alpha from machine learning will be passed on to investors or remain within a firm as their scale increases. [01:00:22] Campbell's research on traditional active management within the context of a firm's ability to continue delivering alpha in the future, and how that incrementally decreases as their asset base increases. [01:06:23] The arguments in favor of allocating gold to a portfolio, especially at times of higher inflation, and whether it holds up to scrutiny. [01:09:54] How technological changes can affect the real expected return. [01:16:51] Why gold can be a valuable asset in diversifying your portfolio. [01:17:22] How Campbell became interested in DeFi, cryptocurrency, and blockchain technology. [01:19:19] How digitized finance cuts out the inefficiency of having a middle person and fosters inclusion and financial democracy. [01:26:35] Harvey's thoughts on how cryptocurrencies facilitate criminal and fraudulent activity. [01:31:07] How DeFi could disrupt traditional asset management and how to prepare for those changes. [01:36:43] How to invest in DeFi even though it's decentralized. [01:38:33] How companies can increase their revenue by using cryptocurrencies in their transactions. [01:43:24] Why the current wave of FinTech will be replaced by DeFi. [01:44:58] Why it's important to have a very diverse portfolio when investing in DeFi. [01:51:22] How DeFi will allow people to monetize their content and disrupt the money that Google and Facebook make from their users' data. [01:52:22] Some of the risks of DeFi and investing in cryptocurrencies. [01:55:27] How Campbell defines success: positively impacting the world. [02:00:17]

Science Book Movement Revisión del Libro: DeFi and the Future of Finance Autor: Campbell R. Harvey Invitado: Huascar Miranda No olvides comentarnos: ¿Qué es lo más importante que te llevas de esta revisión?, ya sea en la caja de preguntas y respuestas en Spotify o en un post a través de Redes Sociales. Puedes etiquetarnos como @bookmovementco para que sigamos la conversación. Únete a nuestra comunidad en Discord a través del siguiente enlace: https://bookmovement.co/discord . Observa nuestras transmisiones en vivo a través de nuestro canal de youtube: https://youtube.com/bookmovement .

During the Global Financial Crisis in 2008, our financial infrastructure failed. Governments bailed out the very institutions that let the economy down. This episode spurred a serious rethink of our financial system. In DeFi and the Future of Finance, Campbell R. Harvey, Ashwin Ramachandran, and Joey Santoro introduce the new world of decen­tralized finance. The book argues that the current financial landscape is ripe for dis­ruption and we are seeing, in real time, the reinvention of finance.

This week we talk with Ivan Rudik and a document he has been using in order to respond to referee reports. Ivan is the Ruth and William Morgan Assistant Professor of Applied Economics and Management at Cornell University. Ivan is an Environmental Economist with a PhD from University of Arizona who works on climate change and air pollution. We discussed a paper on the Journal of Economic Perspective titled "How to Write an Effective Referee Report and Improve the Scientific Review Process" by Jonathan B. Berk, Campbell R. Harvey and David Hirshleifer. (link here) We talked about a document that Ivan uses to respond to referee's, you can download it here (link here) [https://github.com/hollina/template-referee-response] Ivan's recommendation of the week is the book Piranesi (Link here) Alex's recommendation of the week is to check Anki Flashcards, a great way to learn a language or any memory, driven topic! (Link here) Sebastian's recommendation of the week is to check EconBrew a list of economist who are always up to have a coffee all around the world! (Link here) --- Send in a voice message: https://anchor.fm/hidden-curriculum/message

What is decentralized finance and how it is seeking to solve the shortcomings of centralized finance. How BlockFi and MakerDAO, early entrants in the DeFi space work. How to earn up to a 9% yield with cryptocurrency lending.Topics covered include:How centralized finance differs from decentralized finance (DeFi)What are the shortcomings of centralized finance and why decentralized finance is more inclusiveWhat are the key elements of DeFiHow Ethereum smart contracts workHow MakerDao and Dai work and replicate many aspects of the modern financial systemHow BlockFi operates using overcollateralized and undercollateralized loansWhat are the risks of cryptocurrency lending using BlockFi and DaiThanks to LinkedIn and Truebill for sponsoring the episode.Show NotesCrypto Lending Interest Rates for April 2021—DeFi RateDeFi and the Future of Finance by Campbell R. Harvey, Ashwin Ramachandran, and Joey SantoroMillions Lost: The Top 19 DeFi Cryptocurrency Hacks of 2020 by Anton Tarasov—Crypto BriefingBitcoin Lending & Borrowing w/ BlockFi’s Zac Prince & Mark Yusko—Bitcoin Fundamentals by the Investor's Podcast NetworkBlockFi lands a $350M Series D at a $3B valuation for its fast-growing crypto-lending platform by Mary Ann Azevedo—Tech CrunchBlockFi Hacked Following SIM Swap Attack, But Says No Funds Lost by Graham Cluley—TripwireMaker Protocol Full Guide: How to Make Money with DAI by Evan Ezquer—Asia Crypto TodayDeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop by Brady Dale and William Foxley—CoinDeskCelsius Network Interest Rates, Explained—CelsiusWhat Crypto Lender Celsius Isn’t Telling Its Depositors by Nate DiCamillo—CoinDesk

This is a summary of “Reports of Value's Death May Be Greatly Exaggerated,” by Robert D. Arnott, Campbell R. Harvey, Vitali Kalesnik, and Juhani T. Linnainmaa, published in the First Quarter 2021 issue of the Financial Analysts Journal. Summary: https://www.cfainstitute.org/en/research/financial-analysts-journal/2020/reports-of-values-death-may-be-greatly-exaggerated

Our guest today is Dr. Campbell R. Harvey, who for the past 35 years has served as Professor of Finance at Duke University. Professor Harvey has also served as Partner/Senior Advisor to Research Affiliates, LLC and Advisor to Man Group. He served as Editor of the Journal of Finance from 2006 to 2012 and as the 2016 President of the American Finance Association. He holds a Ph.D. in Finance from the University of Chicago, MBA from York University and a BA from University of Toronto. Dr. Harvey has published over 125 scholarly articles on a variety of topics and has received many awards, including the following: Most recently, he won the 2020 Quant of the Year Award from the Journal of Portfolio Management. 8 Graham & Dodd Awards/Scrolls for excellence in financial writing from the CFA Institute. 2016 & 2015 Bernstein Fabozzi/Jacobs Levy Award for Best Article from Journal of Portfolio Management for his research on differentiating luck vs. skill. In this episode, we start by discussing how he got into finance and what he is most famous for, his research on the yield curve indicator (including his time at the University of Chicago under Nobel laureate Professor Eugene Fama), which has continued to be powerful in predicting recessions, including the current one. Further, we cover the risk of low interest rates, the expanding balance sheet of the U.S. Government, PPP loans, using gold as a risk against unexpected inflation, and more. Last, we discuss topics from one of the most popular finance courses in the country, Innovation & Cryptoventures, a class he has taught for the past five years, a course that focuses on the mechanics and applications of blockchain technology.   Please enjoy the episode.  Show host: Colby Donovan & Steve Curley, both board members with CFA Society Orlando. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL

In today’s episode we are joined by Campbell Harvey, Professor of Finance at Duke University and Research Associate at the National Bureau of Economic Research in Cambridge, Massachusetts.  Cam served as Editor of The Journal of Finance from 2006 to 2012 and as the 2016 President of the American Finance Association. He holds a Ph.D. in Finance from the University of Chicago. Although Cam is well-known as being the inventor of the Yield-Curve Indicator, with an eight for eight track record in forecasting recessions in the U.S., he is also involved in crypto and blockchain technology, which made our conversation wide-ranging and super interesting. Topics Discussed in this Episode   The ‘Great Compression’ rather than another Great Depression “Compression means that we go into a deep recession but we also come out of it and the numbers that we will see coming out of this recession will also be note worthy, and new records for positive increases.” How the Yield Curve indicator was signalling a mild recession even before the Corona crisis Why politician’s would rather have inflation than raise taxes “To raise taxes is toxic in terms of your electability. So, it’s easier to have some sort of inflation and blame it on the pandemic or something like that.” How 50% of all companies in the S&P 500 were completely unaware of the risk of pandemics Why Bitcoin failed as a hedge in its first ever recession Why the US Dollar’s days as a world reserve currency are numbered “I think, just looking at history, it’s really naïve to think that the U.S. will be the dominant currency forever. So, things change. So, economic tides come in and go out.” Why central banks may now feel incentivised to create their own digital currencies ” I think governments will embrace this technology for another reason and that is tax. So, right now with the value-added taxes, especially in Europe, there are just so many incentives to basically transact in cash to avoid the VAT” Technology and how it’s going to unleash opportunities to transact value & human capital on a scale never seen before “I believe that technology will deliver a surge, in particular, to emerging markets; will spill over to the developed markets; the increased productivity will be striking. We will not be working 40 hour weeks in the future. There will be a lot more leisure time. There will be less income inequality as we’ve got equality of opportunity.” Cam’s somewhat rare, positive outlook for the future Why peer to peer transactions and lending will be the way forward Links Catch up with Campbell and learn more about his work: Campbell R. Harvey, Duke University Follow Niels, Moritz, Rob on Twitter: Niels Kaastrup-Larsen Moritz Seibert Rob Carver Subscribe on:

Campbell R. Harvey is a professor of finance at Duke University’s Fuqua School of Business and a Research Associate of the National Bureau of Economic Research. He served as President of the American Finance Association in 2016. Today, he discusses the most pressing economic decisions facing America in the wake of the COVID-19 pandemic, what we can learn from the responses of other countries, and how his original forecasts have changed as the crisis has progressed. This crisis allows us to see the future through the experiences of countries that were hit before the United States - like China, South Korea, and Sweden - and to consider their approaches in determining our own. According to Dr. Harvey, different parts of the country will have to draw different lessons from abroad that cater to individual demographics, densities, ages, and risk levels. He also explains that while his original economic forecast for the rest of the year was bleak, he thinks the public’s lockdown fatigue may encourage economic growth to pick up more quickly. He also thinks more good news on creating a vaccine could really accelerate that growth. Go to NoLabels.org to learn more about how we are bringing together a bipartisan group of public and private leaders working to stop the virus, save lives and get Americans back to work.

Modern Woman presents The Chat ShowOur founder Rosie Coxshaw hosts a live show discussing topics centred around the latest business and workplace trends including current news and affairs.Providing a place of interesting conversation to stay informed, spark ideas, inspiration and shared opinions portraying the real Modern Woman of today!This show discusses the following:- Life After Coronavirus = What will the recovery from the pandemic look like on our economy and what changes will businesses and individuals face with Campbell R. Harvey, Professor of Finance and Economist.- Adapting to Change = What habits have we adopted whilst going through change such as drinking from home and the effects this has on our work and wellbeing with Hypnotherapist & Author Malminder Gill.With special guests:Campbell R. Harvey - Professor of Finance at Duke University & Canadian EconomistMalminder Gill - Hypnotherapist, Author & SpeakerSupport the show (http://www.modernwoman.co/sign-up)Support the show (http://www.modernwoman.co/sign-up)

The price of bitcoin dropped another 10 percent Tuesday, extending a decline that has sent the virtual currency down 33 percent in the past month and 46 percent in the past year. Boom and bust cycles are par for the course for bitcoin. So far this year, there have been only three days where the S&P 500-stock index dropped more than 3 percent, with the worst being a 4 percent drop in February, says Duke University finance professor Campbell R. Harvey.

Jillian Grennan is an academic with a specialty in corporate finance and she teaches at the Fuqua School of Business at Duke University. She has produced some incredible work about looking at and measuring corporate culture without even being inside the firm. She has done a lot of research on culture to try and understand the value added by culture for firms and also has a strong corporate background that lends itself to her areas of expertise.   In this episode of The Culture Gap — the second of two episodes featuring Jillian — she explains more about some of the foundational ideas of her research and what some of her colleagues are working on in the same field. She also shares some insights about why so many CEOs see culture as important yet the gap between what they see and what they make happen is vast, and her thoughts on the Me Too Movement and its impact on corporate culture. Welcome to The Culture Gap.   Key Takeaways: [:43] Daniel introduces his guest for this episode — Jillian Grennan. [1:26] Jillian explains more about the technology behind computational linguistics and how she applied it to bring data to life in her study of external culture measurement. [4:09] Daniel and Jillian discuss the gap between the values of the company that are proclaimed and what employees are really seeing as the values in the company. [7:01] Who are some of Jillian's colleagues focused on this same area of study? How does their work tie in with hers? [11:13] Why do some CEOs not believe that having a healthy corporate culture is important, particularly when the evidence points to great benefits companies will reap from it? [14:50] You can study other cultures but you can't import another culture into a firm. [16:27] What is Jillian's perspective on not hiring based on culture fit to avoid creating a monolithic organization that is essentially an echo chamber? [19:34] What are Jillian's thoughts on the Me Too Movement and how that plays into companies' cultures? [23:47] Are there alternative models to the hierarchical pyramid structure that most companies tend to adopt and seems to be the tyranny of business? [27:29] If Jillian were asked to be the Chief Culture Officer at Nike, what would her advice be to the C-suite? [29:40] What research is Jillian working on next? [31:41] What advice would Jillian give her younger self, prior to starting her career?   Brought to You By: The Culture Gap Podcast THRUUE Podfly Productions   Learn more about: Jillian Grennan Jillian Grennan on LinkedIn Me Too Movement on Wikipedia “The Economic Implications of Corporate Financial Reporting,” by John R. Graham, Campbell R. Harvey, and Shiva Rajgopal “Corporate Culture: Evidence from the Field,” John R. Graham, Campbell R. Harvey, Jillian Popadak, and Shiva Rajgopal Originals: How Non-Conformists Move the World, by Adam Grant

Gretchen Morgenson, an assistant business and financial editor and a columnist at The New York Times, has covered the world financial markets for The Times since May 1998. She won a Pulitzer Prize in 2002 for her “trenchant and incisive” coverage of Wall Street. Ms. Morgenson is a financial journalist with Wall Street experience.  Her stint as a stockbroker at Dean Witter Reynolds in New York in the early 1980s gives her stories a depth of knowledge and skepticism uncommon to financial reporting. Upon graduation from Saint Olaf College in Northfield, Minn., in 1976, Ms. Morgenson began her career as an editorial assistant at Vogue magazine. After spending two and a half years on Wall Street, she covered the financial world during stints at Money magazine, Worth magazine and Forbes Magazine. Ms. Morgenson is the author, with Joshua Rosner, of “Reckless Endangerment,” a New York Times best seller about the origins of the 2008 financial crisis published in May 2011 by Times Books. She is also the author of “Forbes Great Minds of Business,” a book of five interviews with business leaders published in 1997 by John Wiley & Sons. She is the author, with Campbell R. Harvey, of “The New York Times Dictionary of Money and Investing” (2002). In 2009, Ms. Morgenson won a Gerald Loeb Award in the “Beat Writing” category in her coverage of Wall Street. This followed her Gerald Loeb Award for excellence in financial commentary in 2002 and the American University School of Communication's Annual Journalism Award for excellence in personal finance reporting in 2000. Ms. Morgenson has also served on two Pulitzer Prize juries, evaluating investigative reporting entries in 2009 and 2010. To find out more about Gretchen, please visit www.nytimes.com/by/gretchen-morgenson.

On today’s show I am very happy to be speaking with Professor Campbell R. Harvey. Mr. Harvey is a Professor of Finance in the Fuqua School of Business at Duke University in Durham, North Carolina. Professor Harvey is a trail blazer in that he is currently teaching an MBA course in Blockchain technology and all things related! Listen now to this great conversation with an educator who truly cares about the future of finance and the power of disruptive technologies. MAGIC WORD: Hidden in each episode of Bitcoins and Gravy is a Magic Word. I know that it may sound absurd, but listen for the Magic Word and you can earn LTBcoin! First set up a free account at LetsTalkBitcoin.com. Then tune in to your favorite LTB podcast and when you hear the Magic Word, don’t delay! Submit it to your account to claim a share of this week’s distribution of LTBcoin. Listeners now have a full week from the release date to claim a magic word. Setting up an LTB account has always been fast and easy . . . and now it’s profitable!!! TRANSCRIPTIONS: Great news listeners! Our transcription page is now live on the website thanks to the continuing hard work of one of our loyal listeners who is also a consultant to the show. These Professional transcriptions are provided each week by one of our fans who can be found at: http://diaryofafreelancetranscriptionist.com CREDITS & VALUABLE LINKS: www.CryptoCompare.com http://people.duke.edu/~charvey/research.htm Ode To Satoshi Ode to Satoshi lyrics & melody by John Barrett Copyright 2014 RJM Publishing - BMI Nashville. Lead Vocal, Harmony Vocals, Harmonica, Snare Drum: John Barrett Harmony vocals: John Barrett, Connie Sinclair and Lij Shaw Guitar: Jonathan Brown Mandolin: Ben Miller Bass Guitar: Michael Rinne Initial tracks recorded by Mark Thornton of Sidekick Sound Studios, Madison, TN. All other tracks Recorded, Mixed and Mastered at The Toy Box Studio, Nashville, Tennessee Engineer: Lij Shaw. Assistant to engineer: Don “The Don” Bates Produced by John Barrett & Elijah “Lij” Shaw Special thanks to Alan Baird for his dobro, guitar and mandolin playing on many of the shows. Now that’s some pickin man! Thanks also to Alex Munoz Guijarro for his excellent pedal steel playing on many of our shows. Interviews for this episode were recorded and edited by John Barrett at The Tree House Studio - Nashville, Tennessee. All shows are produced by John Barrett with the moral support of his trusty sidekick Maxwell Rascalnikov CoyoTe Rex, aka Max. Questions or Comments? Email me to say Howdy!: howdy@bitcoinsandgravy.com Visit theWebsite: BitcoinsAndGravy.com Bitcoins and Gravy Tipping Addresses: Bitcoin: 14RbXduu2sXKNHtKtRVAx8xQyGAubjY1dA Litecoin: LgqYgxLTBPgr8C1JGLLJVLK4ZN1fveprAp And if you don’t feel like contacting me, just kick back, relax and enjoy the show. I hope you enjoy listening to my guests as much as I enjoy talking with them!

Campbell R. Harvey is Professor of Finance at the Fuqua School of Business at Duke University and a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts. He served as Editor of The Journal of Finance from 2006-2012 and is President-elect of the American Finance Association.   Campbell’s research interests include statistical methods, risk management, asset allocation, real assets and cryptocurrencies. He is the Investment Strategy Advisor to the Man Group plc, the world’s largest, publicly listed, global hedge fund. In this episode you will learn:  why it’s important to use t-statistics and significance tests and how it can be improved. about the very simple idea Professor Campbell Harvey applies to his statistical modelling to improve the robustness of his tests. why it’s wrong to use 2 standard deviations to have 95% confidence when running many tests. about ‘Significant’, the XKCD cartoon that illustrates the vulnerability of statistical significance testing. why the level of skew in a distribution must play more of an important role in risk management and portfolio selection. why Taleb’s Black Swan only looks at one side of the distribution - the negative side, and why we must also look at the positive side. and much more. Subscribe on iTunes and never miss and episode. Check out the shownotes page and all the links mentioned in this episode at www.economicrockstar.com/harvey-campbell