POPULARITY
Today, when you think of a dollar, the US dollar probably comes to mind first. But that hasn't always been the case. In this episode of The Story of Money, Brendan Greeley, the author of The Almighty Dollar: 500 Years of the World's Most Powerful Money, explains the origins of the world's first dollar, the Joachimstaler, and the hapless Bohemian count who played a role in its creation. Greeley, and hosts Gillian Tett and Robin Wigglesworth discuss the dollar's evolution, and whether it may even outlive the current US dollar system. Further reading:The Almighty Dollar: 500 Years of the World's Most Powerful Money, by Brendan Greeley (2026) Credits: Getty Images, Brendan Greeley To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney Hosts: Gillian Tett and Robin WigglesworthProducer: Lulu SmythSenior Producers: Michela Tindera and Laurence Knight Executive Producer: Manuela SaragosaOriginal music and sound design: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeFT Global Head of Audio: Flo Phillips Video editor: Josh Divney and Kristen Kenyon at Podcast DiscoveryLearn more at www.ft.com/tsom or get in touch at thestoryofmoney@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Today, when people hear the name Richard Nixon, they probably think of Watergate. Few remember another one of his most controversial acts – his suspension of the dollar's convertibility into gold. The “Nixon Shock” as it became known was a quintessentially America First policy, which shattered the postwar global monetary order. But the US president was far more concerned about juicing the US economy and winning re-election than he was about upsetting America's closest allies. In this second episode about Nixon's pivotal decision, Professor Jeffrey Garten tells the story of its aftermath, while hosts Gillian Tett and Robin Wigglesworth explore the parallels with the present-day America First presidency.Further reading:Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy, by Jeffrey E Garten (2021)Gold and the dollar crisis, by Robert Triffin (1960)Our Dollar, Your Problem, by Kenneth Rogoff (2025)Credits: Getty Images, Associated Press, the Richard Nixon Presidential LibraryTo enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoneyHosts: Gillian Tett and Robin WigglesworthProducer: Laurence KnightExecutive Producer: Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GioumpasisPodcast Development: Laura ClarkeVideo editor: Kristen Kenyon and Josh Divney at Podcast DiscoveryLearn more at www.ft.com/tsom or get in touch at thestoryofmoney@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
A century ago, when depositors lost confidence in a bank, they'd rush to withdraw their cash. In 1971, US president Richard Milhous Nixon faced a similar dilemma. But his problem wasn't ordinary citizens fearing for their savings. Instead, it was America's closest allies who were nervously eyeing the dwindling supply of gold in Fort Knox at a time when the dollar's value was tied to gold and allies' currencies were in turn tied to the dollar. And just like a beleaguered bank manager of yore, Nixon chose to shut America's doors to further withdrawals. His decision threatened to pull the plug on the entire international monetary system established at Bretton Woods in 1944. It was so unexpected and outrageous, it became known as the “Nixon Shock”. In the first of two episodes on the topic, hosts Gillian Tett and Robin Wigglesworth get the story from economist and ex-financier Jeffrey Garten – a man with a CV so long that he once even worked for the Nixon administration himself.Further reading:Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy, by Jeffrey E Garten (2021)Gold and the dollar crisis, by Robert Triffin (1960)Credits: Getty Images, the Richard Nixon Presidential LibraryTo enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoneyHosts: Gillian Tett and Robin WigglesworthProducer: Laurence KnightExecutive Producer: Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GioumpasisPodcast Development: Laura ClarkeVideo editor: Kristen Kenyon and Josh Divney at Podcast DiscoveryLearn more at www.ft.com/tsom or get in touch at thestoryofmoney@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Our guest this episode is Robin Wigglesworth, the editor of Alphaville, the FT's financial blog. He leads a team of three other writers in London and New York that dig into anything deeply nerdy or plain delightful that they spot in markets, business, or the global economy. He joined the FT from Bloomberg News in 2008. Robin is the author of Trillions, published in 2021, a book on the past, present, and future of passive investing and how it is reshaping financial markets. His new book, A Fabulous Debt, will be published in the fall. Rick Ferri, a long-time Boglehead and investment adviser, hosts this episode. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads have held national conferences in major cities across the country. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.
Priscilla Wakefield was a Quaker, writer and social reformer who believed financial security shouldn't be reserved for the wealthy. Living in late 18th- and early 19th-century England, she founded the country's first penny savings bank, giving working women and children a safe place to save. Victoria Bateman, author of Economica: A Global History of Women, Wealth and Power, tells hosts Gillian Tett and Robin Wigglesworth about Wakefield's life, her ideas and how a simple concept — saving small sums — helped spark a quiet revolution in financial inclusion, with lessons for today. But that didn't stop Wakefield from running into financial problems of her own. Further reading:Economica: A global history of women, wealth and power, by Victoria Bateman (2025)Reflections on the present condition of the female sex, by Priscilla Wakefield, (reprinted 2015, Cambridge University Press)Credits: Cambridge Library Collection, National Portrait Gallery, Disruption Worthies, National Park Service, Hollinger & RockeyTo enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: / @ftthestoryofmoney Hosts: Gillian Tett and Robin WigglesworthProducers: Lulu Smyth and Laurence KnightExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeVideo editor: Kristen Kenyon and Josh Divney at Podcast DiscoveryLearn more at www.ft.com/tsom or get in touch at thestoryofmoney@ft.comRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Take 730 delegates from 44 countries, plus another 2,000 or so hangers-on. House them in a remote, dilapidated hotel with holes in the roof and broken furniture. Deliver a train wagon filled with alcohol. Throw in some Russian spies, German prisoners of war, a troupe of bombshell “secretaries” and a magician. And then have the lead protagonist, the world's most famous economist, almost die of a heart attack. What does that give you? Only the most successful international monetary negotiation in history. This is the story of the Bretton Woods conference of 1944, as relayed by journalist and author Ed Conway to hosts Gillian Tett and Robin Wigglesworth. The three weeks of chaotic talks would deliver three decades of postwar peace and prosperity, and enthrone the US dollar as the global reserve currency. The discussions also nearly killed Britain's lead negotiator, John Maynard Keynes, and would later disgrace his US counterpart, Harry Dexter White.Further reading:The Summit, by Ed Conway (2015)The Economic Consequences of the Peace, by John Maynard Keynes (1919)John Maynard Keynes, biography by Robert Skidelsky in three volumes (1983-2000)Treasonable Doubt: The Harry Dexter White Spy Case, by R Bruce Craig (2004)Credits: King's College Cambridge, the IMF, Dreamstime, Getty Images, the Hulton Archive, Ullstein Bild, Bettmann, Shutterstock, the LIFE Picture Collection, Thomas D McAvoy, Alfred Eisenstaedt, and the Darling Archive.To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoneyHosts: Gillian Tett and Robin WigglesworthProducer: Laurence KnightExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeVideo editor: Kristen Kenyon and Josh Divney at Podcast DiscoveryLearn more at ft.com/tsom or get in touch at thestoryofmoney@ft.com.Love listening to FT Podcasts? Join us live on Saturday June 20 at our inaugural NYC FT Weekend Festival at Spring Studios. Put your questions directly to our experts, experience your favourite podcast in person, and see the FT come to life. Register now and enjoy 10% off with code FTPodcast — this is one Saturday you won't want to miss. Hosted on Acast. See acast.com/privacy for more information.
What is money? And what can a small island in Micronesia teach us about how it works? On Yap, a remote island in the western Pacific, giant calcite “Rai” stones once functioned as currency, where ownership and collective trust — rather than physical possession — defined wealth and status. In this episode of The Story of Money, macroeconomist and author Felix Martin joins hosts Gillian Tett and Robin Wigglesworth to explore the stones of Yap, the origins of money and why the traditional “barter theory” may be a myth.Further reading: Money: The Unauthorised Biography (2015) by Felix Martin Uap of the Carolines (1910) by William Henry Furness IIIA Treatise on Money (1930) by John Maynard Keynes The Island of Stone Money (1991) and Money Mischief (1992) by Milton Friedman ‘Tralla La' in Uncle Scrooge #6 by Carl Barks (1954) His Majesty O'Keefe (1954) Warner Bros To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts. You can also follow the show's dedicated YouTube channel here. Love listening to The Story of Money? Join us live on Saturday, June 20 at our inaugural NYC FT Weekend Festival at Spring Studios. Put your questions directly to our experts, experience your favourite podcast in person, and see the FT come to life. Register now and enjoy 10% off with code FTPodcast — this is one Saturday you won't want to miss. Learn more at ft.com/tsom or get in touch at thestoryofmoney@ft.com.Hosts: Gillian Tett and Robin WigglesworthGuest: Felix MartinProducer: Lulu SmythSenior Producers: Laurence Knight and Michela TinderaExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeFT Global Head of Audio: Cheryl BrumleyVideo editors: Kristen Kenyon and Josh Divney at Podcast DiscoveryRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
In 19th-century America almost anyone could print their own money – and many did. One of the most notable figures to take this up was a man named James Brown, a charismatic conman who built a fortune producing fake banknotes. In this episode of The Story of Money, Stephen Mihm, a professor of history at the University of Georgia, introduces hosts Gillian Tett and Robin Wigglesworth to “the hardest working man in counterfeiting”. They discuss the parallels between banking in the Wild West and the advent of cryptocurrencies today, and the role trust plays in all financial systems. Further reading:A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States, by Stephen Mihm (2007) The Square and Tower: Networks, Hierarchies and the Struggle for Global Power, by Niall Ferguson (2018)To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, and also follow the show's dedicated YouTube channel here. Learn more at ft.com/tsom Hosts: Gillian Tett and Robin WigglesworthGuest: Stephen MihmProducer: Lulu SmythSenior Producer: Michela Tindera and Laurence KnightExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeFT Global Head of Audio: Cheryl BrumleyVideo editor: Kristen Kenyon at Podcast DiscoveryRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Transformative technologies create speculative frenzies. Robin Wigglesworth, host of the new FT podcast The Story of Money, joins Katie Martin and Rob Armstrong to talk about what financial history can teach us about today's AI-driven stock market. Also, we go short GameStop's attempt to acquire eBay, and long tiny ice cream treats.Subscribe to The Story of Money wherever you get your podcasts, and on the show's dedicated YouTube channel here. Learn more at ft.com/tsom. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Introducing a new video podcast from the FT: Does scientific, artistic or political brilliance translate into investing success? It's a topical question with hedge funds today accused of sucking talent away from the rest of the economy. So, the FT's Gillian Tett and Robin Wigglesworth sat down with reporter Toby Nangle, who has dug into the archives to assess the investment portfolios of Isaac Newton, Charles Darwin, Winston Churchill, John Maynard Keynes and other widely regarded geniuses of the past. What Toby found may surprise you, as will the historical wildcard he's unearthed.To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here.Learn more at ft.com/tsom Want more?Read Toby's full FT article here.Toby's sources:On Churchill: https://www.amazon.co.uk/No-More-Champagne-Churchill-Money/dp/1784081817 On J.M.W. Turner: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5718586 On John Maynard Keynes: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2023011 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287262 On Einstein: https://einstein-website.de/en/what-happened-to-the-nobel-prize-money/#:~:text=By%20May%201924%2C%20Mileva%20had,visible%20result%20of%20my%20musings%E2%80%9D On Jane Austen: https://jasna.org/publications-2/persuasions-online/vol36no1/toran/ Hosts: Gillian Tett and Robin WigglesworthGuest: Toby NangleProducer: Lulu SmythSenior Producers: Michela Tindera and Laurence KnightExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeFT Global Head of Audio: Cheryl BrumleyVideo editor: Josh Divney at Podcast Discovery Hosted on Acast. See acast.com/privacy for more information.
The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite. Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped global finance. From unregulated banking in 19th-century frontier America to institutionalised debt jubilees in ancient Mesopotamia, and from the birth of credit derivatives to the great market meltdowns of the past, Robin and Gillian uncover the story of money because time and again, the same manias and mistakes resurface. Tune in and you might just understand where the next financial opportunities and disasters could be hiding. Subscribe to The Story of Money wherever you get your podcasts and watch the show on YouTube. Learn more about the show at ft.com/tsom and find out more about Gillian Tett here and Robin Wigglesworth here. Follow FT Alphaville here. Hosts: Gillian Tett and Robin Wigglesworth Producer: Lulu Smyth Senior Producer: Michela Tindera Executive Producers: Flo Phillips and Manuela Saragosa Original music and sound engineering: Breen Turner Podcast Development: Laura Clarke Global Head of Audio: Cheryl Brumley Hosted on Acast. See acast.com/privacy for more information.
Every now and then a new technology comes along that changes everything – electricity, computers, potentially AI. In mid-19th-century America, that technology was the steam locomotive. It knitted the US economy together, driving the nation's industrialisation during the Gilded Age. But along the way, it also caused one of the biggest financial crises in American history. FT Alphaville editor Robin Wigglesworth tells his co-host, FT columnist Gillian Tett, the story of the great railway bubble that ended in the Panic of 1873. It's also the story of the spectacular rise and fall of Jay Cooke, the greatest banker of his day, who lost a fortune betting on a railroad that would eventually span the North American continent – just not in time to repay its debts. Robin and Gillian discuss what lessons the financier's fate holds for the investors gambling on today's AI boom.Credits: New York Times Archive, Otto Herschan Collection/Hulton Archive/Getty Images, Hulton Archive/Getty ImagesFurther reading:Jay Cooke: Financier of the Civil War, by Ellis Paxson Oberholtzer (1907)Jay Cooke's gamble: the Northern Pacific Railroad, the Sioux, and the Panic of 1873, by M John Lubetkin (2006)Railroaded: The Transcontinentals and the Making of Modern America, by Richard White (2012)Pop! Why Bubbles Are Great For The Economy, by Daniel Gross (2007)A Fabulous Debt: The Epic Story of How Bonds Built the Modern World, by Robin Wigglesworth (2026 – forthcoming)To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: Hosts: Gillian Tett and Robin WigglesworthProducer: Lulu SmythSenior Producers: Michela Tindera and Laurence Knight Executive Producers: Flo Phillips and Manuela SaragosaOriginal music and sound design: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeFT Global Head of Audio: Cheryl BrumleyVideo editor: Josh Divney at Podcast DiscoveryRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite. Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped global finance. From unregulated banking in 19th-century frontier America to institutionalised debt jubilees in ancient Mesopotamia, and from the birth of credit derivatives to the great market meltdowns of the past, Robin and Gillian uncover the story of money because time and again, the same manias and mistakes resurface. Tune in and you might just understand where the next financial opportunities and disasters could be hiding. Subscribe to The Story of Money wherever you get your podcasts and watch the show on YouTube. Learn more about the show at ft.com/tsom and find out more about Gillian Tett here and Robin Wigglesworth here. Follow FT Alphaville here. Hosts: Gillian Tett and Robin Wigglesworth Producer: Lulu Smyth Senior Producer: Michela Tindera Executive Producers: Flo Phillips and Manuela Saragosa Original music and sound engineering: Breen Turner Podcast Development: Laura Clarke Global Head of Audio: Cheryl Brumley Hosted on Acast. See acast.com/privacy for more information.
Those who do not study history may be destined to repeat it . . . and lose money. The Story of Money is a new podcast from The Financial Times exploring the past to see where the next opportunities — and disasters — may lie. Hosted by FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth, The Story of Money explores the history of global finance through the people, ideas, events, and institutions that have shaped it. From unregulated frontier banking experiments in 19th-century America to institutionalised debt forgiveness in ancient Mesopotamia, The Story of Money traces how financial systems evolve — and why familiar patterns often repeat — offering context for everything from market cycles to emerging AI trends.Watch episode 1: They are history's geniuses. But were they any good at investing? Hosted on Acast. See acast.com/privacy for more information.
Does scientific, artistic or political brilliance translate into investing success? It's a topical question with hedge funds today accused of sucking talent away from the rest of the economy. So, the FT's Gillian Tett and Robin Wigglesworth sat down with reporter Toby Nangle, who has dug into the archives to assess the investment portfolios of Isaac Newton, Charles Darwin, Winston Churchill, John Maynard Keynes and other widely regarded geniuses of the past. What Toby found may surprise you, as will the historical wildcard he's unearthed.To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here.Learn more at ft.com/tsomWant more?Read Toby's full FT article here.Toby's sources: On Churchill: https://www.amazon.co.uk/No-More-Champagne-Churchill-Money/dp/1784081817On J.M.W. Turner:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5718586On John Maynard Keynes:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2023011https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287262On Einstein:https://einstein-website.de/en/what-happened-to-the-nobel-prize-money/#:~:text=By%20May%201924%2C%20Mileva%20had,visible%20result%20of%20my%20musings%E2%80%9D.On Jane Austen:https://jasna.org/publications-2/persuasions-online/vol36no1/toran/Hosts: Gillian Tett and Robin WigglesworthGuest: Toby NangleProducer: Lulu SmythSenior Producers: Michela Tindera and Laurence Knight Executive Producers: Flo Phillips and Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeFT Global Head of Audio: Cheryl BrumleyVideo editor: Josh Divney at Podcast DiscoveryRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Long before modern economics, rulers such as Hammurabi in ancient Mesopotamia grappled with a political problem that still haunts our economies today: when people's debts grow faster than their ability to repay them, the entire economic system can start to crack. Hammurabi adopted a radical solution: cancel debts entirely. Amanda H Podany, professor emeritus of history at California State Polytechnic University, Pomona, and a research affiliate at New York University, tells The Story of Money hosts, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth, what these debt jubilees say about how the ancient Mesopotamian economy worked and what it might teach us about debt today. To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here.Learn more at ft.com/tsomWant more?Check out Dr Podany's book, Weavers, Scribes, and Kings: A New History of the Ancient Near East Hosts: Gillian Tett and Robin WigglesworthProducer: Lulu SmythSenior Producers: Michela Tindera and Laurence KnightExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music and sound engineering: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GioumpasisPodcast Development: Laura ClarkeFT Global Head of Audio: Cheryl BrumleyVideo editor: Kristen Kenton at Podcast DiscoveryRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite. Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped global finance. From unregulated banking in 19th-century frontier America to institutionalised debt jubilees in ancient Mesopotamia, and from the birth of credit derivatives to the great market meltdowns of the past, Robin and Gillian uncover the story of money because time and again, the same manias and mistakes resurface. Tune in and you might just understand where the next financial opportunities and disasters could be hiding. Subscribe to The Story of Money wherever you get your podcasts and watch the show on YouTube.Learn more about the show at ft.com/tsom and find out more about Gillian Tett here and Robin Wigglesworth here.Follow FT Alphaville here.Hosts: Gillian Tett and Robin WigglesworthProducer: Lulu SmythSenior Producer: Michela TinderaExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music and sound engineering: Breen TurnerPodcast Development: Laura ClarkeGlobal Head of Audio: Cheryl Brumley Hosted on Acast. See acast.com/privacy for more information.
The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite. Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped global finance. From unregulated banking in 19th-century frontier America to institutionalised debt jubilees in ancient Mesopotamia, and from the birth of credit derivatives to the great market meltdowns of the past, Robin and Gillian uncover the story of money because time and again, the same manias and mistakes resurface. Tune in and you might just understand where the next financial opportunities and disasters could be hiding. Subscribe to The Story of Money wherever you get your podcasts and watch the show on YouTube.Find out more about Gillian Tett here and Robin Wigglesworth hereFollow FT Alphaville hereHosts: Gillian Tett and Robin WigglesworthProducer: Lulu Smyth Senior Producer: Michela TinderaExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music and sound engineering: Breen TurnerPodcast Development: Laura ClarkeGlobal Head of Audio: Cheryl Brumley Hosted on Acast. See acast.com/privacy for more information.
US equities and the dollar fell in response to transatlantic tension over Greenland, and the FT's Robin Wigglesworth breaks down the idea of Europe leveraging its US Treasuries to influence President Donald Trump. Plus, Netflix said that the entertainment industry remains “intensely competitive”, and China is selling drone components to Russia and Ukraine. Mentioned in this podcast:Dollar and US stocks fall as Trump says ‘no going back' on Greenland bidCould Europe really leverage its $12.6tn pile of US assets?Netflix highlights industry competition as it seeks Warner Bros deal approvalThe Chinese suppliers that could decide the drone war in UkraineCredit: ReutersNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Tid er penger har hatt glede å få intervjue Robin Wiggelsworth (igjen), som er noe så sjelden som en norske skribent i Financial Times, hvor han er redaktør for Alphaville. Robin har utrolig mye kunnskap og analystiske evner, har et helt vanvittig nettverk og en veldig god forklaringsevne. Her er det utrolig mye å lære, nesten uansett hvem du er. Hosted on Acast. See acast.com/privacy for more information.
Short interest in the market is rising. But what are the big players betting against? And what can investors learn from it? Today on the show, Katie Martin joins the editor of the FT's Alphaville newsletter Robin Wigglesworth to discuss high finance's low expectations. Also they go short Bloom Energy and short the crypto bros. To sign up for free to the new FT Alphaville newsletter on substack, go to ftav.substack.com.For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Jane Street is one of the biggest traders in the world, and they have become embroiled in accusations of market manipulation in India. Today on the show, Katie Martin and special guest Robin Wigglesworth, from the FT's Alphaville newsletter, try to explain how Jane Street got so big and why it matters. Also they go short bed bugs and short Strategy's strategy. Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Warren Buffett has announced he is stepping down as CEO of his company, Berkshire Hathaway. Buffett is one of the richest people in the world, and is widely held up as the greatest investor who ever lived. He's also been remarkably critical of other masters of the financial universe. Tim Harford talks to Financial Times journalist Robin Wigglesworth, author of the book Trillions, about Buffett's money making method, and how he used a massive bet to make a point about hedge funds. Presenter: Tim Harford Producer: Tom Colls Production co-ordinator: Brenda Brown Sound Mix: Giles Aspen Editor: Richard Vadon
Discover how bond market ETFs have transformed investing — making bonds easier, cheaper, and more accessible than ever. We also explore how the bond market's very composition has evolved.Episode SponsorsDelete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesThe total return strategy in bonds is far from dead by James Bianco—The Financial TimesWhat I Learned in My First Year Managing Fixed-Income by Jim Bianco—Bianco Research AdvisorsETFs are eating the bond market by Robin Wigglesworth and Will Schmitt—The Financial TimesRelated Episodes463: How to Lock in Higher Yields in Case Interest Rates Fall455: Easier Investing, Richer Life: TIPS Ladders to Annuities418: Bond Investing MasterclassSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Robin Wigglesworth, respected columnist at the Financial Times, Editor of Alphaville, and author of Trillions—one of the most successful books on the rise of index funds—helps us understand why passive investing remains as relevant as ever, and how to navigate through financial storms like the one we're currently facing, always with his signature sharp wit R. Wigglesworth, Trillions FT Alphaville =============================================== Investi con Fineco, 60 trade gratis nei primi tre mesi con il codice TRD060-TB Investi con Scalable in azioni e ETF a prezzi imbattibili. Migliaia di audiolibri riassunti in 15 minuti con 4Books. Naviga in totale sicurezza con NordVPN (#adv) I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices
Robin Wigglesworth, autorevole editorialista del FT, Editor di Alphaville e autore di Trillions, uno dei libri più di successo sulla nascita degli index funds, ci aiuta a comprendere come l'efficacia dell'investimento passivo sia quantomai attuale e come navigare momenti di tempesta finanziaria come questo, sempre con la sua brillante ironia. R. Wigglesworth, Trillions FT Alphaville =============================================== Investi con Fineco, 60 trade gratis nei primi tre mesi con il codice TRD060-TB Investi con Scalable in azioni e ETF a prezzi imbattibili. Migliaia di audiolibri riassunti in 15 minuti con 4Books. Naviga in totale sicurezza con NordVPN (#adv) I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices
Robin Wigglesworth, editor of Alphaville, the Financial Times financial blog, joins host Patrick Dolan to discuss the differences between synthetic and non-synthetic CRTs, common types of CRTs and their appeal to investors. Robin also reviews the historical developments and differences of the European and US markets, and their impact on the private credit market. We'll also cover regulatory changes like Basel III, and explore the current and future market trends.
Every so often a cool new financial innovation springs up and gains popularity on Wall Street, promising juicy returns for investors. That's why “synthetic risk transfers” or SRTs are in fashion. But ever since the financial crisis, trendy acronyms have also made some people nervous. And it's recently caught the attention of organisations such as the IMF. The FT's Alphaville editor Robin Wigglesworth explains why he's been following this and whether regulators should be raising the alarm. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Inside Wall Street's booming $1tn ‘synthetic risk transfer' phenomenonPrivate credit is even larger than you thinkMake Europe (securitisation) great again - - - - - - - - - - - - - - - - - - - - - - - - - - Follow Robin Wigglesworth on Bluesky (@robinwigglesworth.bsky.social) or on X (@RobinWigg). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.bsky.social), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Discover the intricate world of global financial markets with Robin Wigglesworth, editor of FT Alphaville, as we navigate the fascinating dynamics of the bond market. Robin shares his passion and insights, drawing from his current work on a book chronicling the history of bonds. Through our discussion, you will gain a deeper understanding of the volatility in the U.S. Treasury yields, the implications of these unusual fluctuations, and why U.S. markets often rally while Europe remains undervalued.Reflecting on past financial crises, we dissect the nuanced relationship between bond and equity markets, revealing how bonds can be a more perceptive indicator of systemic risks. Recent economic turbulence, from the Silicon Valley Bank collapse to inflationary pressures, has brought increased volatility in fixed income markets, raising concerns about their fragility. Yet, U.S. Treasuries remain a safe haven in times of crisis. We examine how central banks play a pivotal role in maintaining market stability and explore the potential impacts of a hypothetical second Trump administration on global markets.Our conversation extends to the evolving financial landscapes in Europe and Japan, where signs of optimism are emerging despite historical challenges. We explore the implications of Europe's potential shift towards American-style securitization and Japan's low-interest rates. Meanwhile, the U.S. sees a rise in private credit, invoking comparisons to past financial trends like subprime lending. Get a glimpse into the speculative nature of distressed asset investing, the role of leveraged ETFs, and how trading dynamics have shifted in today's markets. Engage with us in this exploration of the forces shaping the global economic outlook.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:
How would you like a 265,528,900 per cent return on your investment? Would you be interested in that? If so, join us as Rob Armstrong and FT Alphaville's Robin Wigglesworth discuss the results of Professor Hendrik Bessembinder's massive number-crunching project, which ranks the best stocks of the past century. The number one performer is pretty incendiary. Also we short break dancing and go triple reverse long on single-stock ETFs. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferYou can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
On this TCAF Tuesday, Robin Wigglesworth of the Financial Times joins Josh Brown to discuss the passing of Mac McQuown, the founding Director of Dimensional Fund Advisors, and the history of market indexing. Then, at 33:18, hear an all-new episode of What Are Your Thoughts with Josh and Michael Batnick! Thanks to YCharts for sponsoring this episode! Make sure to catch Josh on the next YCharts webinar by signing up at: https://ycharts.zoom.us/webinar/register/6617303217309/WN_NtP3oRGISTqI39HztpCajw#/registration Sign up for The Compound newsletter and never miss out: https://www.thecompoundnews.com/subscribe Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Citadel, XTX and Jane Street have come to dominate trading on Wall Street, and not just in equities. They now run a huge proportion of trading in currency and bonds, something the banks used to own. But where did they come from, why have so few people heard of them, and how did they get so big? Today on the show, Katie Martin and Robin Wigglesworth discuss the massive growth in the algorithmic trading firms. Also, they go long honesty, and long the upcoming FT Alphaville pub quiz in New York. Read the FT's series about the new titans of Wall Street here. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferYou can email Robert Armstrong at robert.armstrong@ft.com and Katie Martin at katie.martin@ft.com. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Jamaica's economy struggled for decades, and at one point it had amassed debts worth more than 140 per cent of GDP. Even the IMF wouldn't return its calls. But somehow, in the 2010s, it managed to halve its government debt – over just seven years. Today on the show, we ask how they did it, and what lessons Jamaica can teach much larger economies. Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Hello, Self-Made Nation! I'm your host Colleen O'Connell-Campbell, Wealth Advisor. As we wind up the summer, we're rounding out our powerful book club series, where we've sailed through the investment strategies of some of the great financial minds.
How would you like a 265,528,900 per cent return on your investment? Would you be interested in that? If so, join us as Rob Armstrong and FT Alphaville's Robin Wigglesworth discuss the results of Professor Hendrik Bessembinder's massive number-crunching project, which ranks the best stocks of the past century. The number one performer is pretty incendiary. Also we short break dancing and go triple reverse long on single-stock ETFs. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferYou can email Robert Armstrong at robert.armstrong@ft.com and Katie Martin at katie.martin@ft.com. Hosted on Acast. See acast.com/privacy for more information.
Welcome to The Cash Rich Exit Podcast, I'm Colleen O'Connell-Campbell, your host and Wealth Advisor. On this podcast, we talk about the entrepreneurial journey, from the inception of a business idea through to a wealth-focused exit. Today marks our third and final episode in a ‘book club' series focused on transformative investment philosophies, joined by Alicia Castellino, Senior Relationship Manager at Dimensional Fund Advisors. We read "Trillions" by Robin Wigglesworth, a book that chronicles the revolutionary rise of index funds and ETFs, instruments that have reshaped the investment landscape. This narrative is a tale of financial innovation and a testament to the power of disruption and simplicity - themes resonant with every entrepreneur. Key Insights from 'Trillions':
每天早晨8:30 讓我們一起解讀財經時事 參加財經皓角會員 : https://yutinghao.finance 主持人:游庭皓(經濟日報專欄作家、小一輩財經人話翻譯機) 音頻收聽請在Podcast或Soundcloud搜尋『游庭皓的財經皓角』 Telegram: https://t.me/yu_finance 我的粉絲專頁:https://reurl.cc/n563rd 網站參加會員手冊 https://reurl.cc/WG7vd7 歡迎來信給小編幫您處理 jackieyutw@gmail.com """"" 打賞網址 :https://p.ecpay.com.tw/B83478D """"" 書名:兆億大戰 作者: 羅賓・魏吾絲 原文作者: Robin Wigglesworth 譯者: 朱怡康 出版社:行路 出版日期:2024/04/03 https://reurl.cc/70kNOy (YT抽書的朋友要公開訂閱我們財經皓角頻道唷♥️) (FB抽書的朋友要公開分享直播影片+您想要抽書留言♥️) 《早晨財經速解讀》是游庭皓的個人知識節目,針對財經時事做最新解讀,開播於2019年7月15日,每日開盤前半小時準時直播。議題從總體經濟、產業動態到投資哲學,信息量飽滿,為你顛覆直覺,清理投資誤區,用更寬廣的角度帶你一窺投資的奧秘。 免責聲明:《游庭皓的財經皓角》頻道為學習型頻道,僅用於教育與娛樂目的,無任何證券之買賣建議。任何形式的投資皆涉及風險,投資者需進行自己的研究,持盈保泰。
Bayer chief executive Bill Anderson has ruled out a fresh capital increase and Ghana's finance minister is concerned that the country's new anti-LGBT+ law will put its international funding at risk. Plus, the FT's Robin Wigglesworth examines whether private equity is a good fit for Norway's sovereign wealth fund. Mentioned in this podcast:Bayer chief rules out capital increase as investors slam turnaround planIs private equity actually worth it?Anti-LGBT+ law puts Ghana's IMF and World Bank funding at risk, finance ministry warnsNikki Haley ends White House bid but does not endorse Donald TrumpThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Are you ready for a deep dive into quantitative investing, the private credit trend, and the Canada Pension Plan (CPP)? Then this episode is for you! Joining us today is Robin Wigglesworth, The Financial Times' global finance correspondent, and author of Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever, a groundbreaking book about the past, present, and future of passive investing. We talk with Robin about quantitative investing and the ideas he lays out in his article ‘A Quant Winter's Tale', before hearing his insights on the private credit trend and his intriguing new book titled Bonds, all about the history of the bond market. Today's episode also features our Mark to Market segment, where Mark McGrath joins us to talk about the Canada Pension Plan (CPP), providing a comprehensive overview of its inner workings, his response to the criticisms levelled against it, and why he believes it's of huge benefit to a great many Canadians. Next, we take a look back at our conversation with Alexandra Macqueen on annuities before sharing our thoughts on its relevance to today's discussion and why it's worth revisiting. Be sure to stay tuned for our after-show segment where we share our book, blog, and viewing recommendations, plus our favourite reviews, followed by a sneak peek of some of the exciting guests we have coming up. Press play now for a deep dive into quant investing, the hype around private credit, saving for retirement, and a whole lot more! Key Points From This Episode: An introduction to today's guest, Robin Wigglesworth, followed by his breakdown of quantitative investing. (0:04:05) Theories on what happened to factor investing between 2018 and 2020; what is meant by the quant winter and why we are now in a quant summer. (0:09:59) How investor sentiment regarding factor investing changed after the quant winter and how the algorithm aversion phenomenon impacted it. (0:15:13) The collapse of value; the impact of the COVID-19 pandemic (plus its role in the quant winter), and where we are right now. (0:20:14) An overview of quant investing products, and why many of them are too expensive. (0:23:24) Breaking down the noisy-ness in factor data and Robin's predictions for where factor investing will go from here. (0:25:51) Unpacking the hype around private credit: indications that it's in a bubble, how it could impact broader trends, and who stands to benefit most. (0:36:36) We hear about the fascinating book that Robin is currently working on about the history of the bond market. (0:40:22) Our Mark to Market segment on the complicated (and divisive) Canada Pension Plan (CPP); how it works, its profound benefits, and responding to the criticism it has received. (0:41:50) A look back at our conversation with Alexandra Macqueen on annuities and how it links in with today's discussion. (01:01:31) Our after-show section: an update on the Money Scope Podcast, reading recommendations, reviews from our listeners, and some of the incredible guests we have coming up! (01:04:33) Links From Today's Episode: Robin Wigglesworth — https://robinwigglesworth.com/ Robin Wigglesworth on LinkedIn — https://www.linkedin.com/in/robin-wigglesworth-17101722 Financial Times — https://www.ft.com/ Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever — https://www.amazon.com/Trillions-Renegades-Invented-Changed-Finance/dp/0593087682 ‘Quant Winter's Tale' — https://www.ft.com/content/e0f98278-432e-4ece-b170-2c40e40d2835 Episode 184: Robin Wigglesworth — https://rationalreminder.ca/podcast/184 Episode 93: Cliff Asness from AQR — https://rationalreminder.ca/podcast/93 Cliff Asness — https://www.aqr.com/About-Us/OurFirm/Cliff-Asness-Bio AQR — https://www.aqr.com/ Two Sigma — https://www.twosigma.com/ D.E Shaw — https://www.deshaw.com/ CPP Investments — https://www.cppinvestments.com/ StatsCan — https://www.statcan.gc.ca/en/start Financial Planning for Canadian Business Owners Episode 116: True Cost of CPP with Aravind Sithamparapillai — https://jasonpereira.ca/all-content-jason-pereira-toronto/true-cost-of-cpp-with-aravind-sithamparapillai-e116 Episode 59: Alexandra Macqueen — https://rationalreminder.ca/podcast/59 Pensionize Your Nest Egg — https://www.amazon.com/Pensionize-Your-Nest-Egg-Allocation/dp/1119025257 Griselda Blanco — https://www.imdb.com/title/tt15837600/ Cocaine Cowboys — https://www.imdb.com/title/tt0380268/ Queen of the South — https://www.imdb.com/title/tt1064899/ Fortune's Children: The Fall of the House of Vanderbilt — https://www.amazon.com/Fortunes-Children-Fall-House-Vanderbilt/dp/0062224069 Farnam Street — https://fs.blog/ 24 in 24 Reading Challenge — https://rationalreminder.ca/24in24 The Money Scope Podcast — https://moneyscope.ca/ The Money Scope Podcast on YouTube — https://www.youtube.com/@moneyscopepod 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
La mayor revolución financiera de los últimos años tiene su origen en eventos aparentemente desconectados, como una maleta Samsonite, un anuncio censurado de Merill Lynch, una apuesta de 1 millón de dólares de Warren Buffett y el proyecto "Manhattan" de las finanzas. Esta revolución ha dado lugar a gigantes financieros como Vanguard y BlackRock, que gestionan más de 15 billones de dólares.
Today on the show, host Katie Martin pits two teams against one another in a historic finance trivia showdown, complete with trash talk, ridiculously hard questions, and strongly-worded protests. In one corner, the cerebral duo behind the FT's Alphaville newsletter, Alexandra Scaggs and Robin Wigglesworth. In the other, the brains behind the FT's Unhedged newsletter, our own Robert Armstrong and Ethan Wu. An epic clash like this will not be seen again in our lifetimes, or at least not until another slow news week. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferFollow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X, formerly Twitter. You can email Ethan at ethan.wu@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
BIO: Robin Wigglesworth is the editor of Alphaville, the FT's financial blog. From Oslo, Norway, he leads a team of writers who dig into anything deeply nerdy or plain delightful that they spot in markets, business, or the global economy.STORY: Robin invested in an ETF in Norway, a consumer durables company, and a fertilizer company after the 2008 financial crisis. These companies did incredibly well. Unfortunately, Robin reacted to short-term headlines when the European crisis started erupting and sold out.LEARNING: You can't outsmart the markets. Always let your winners ride. “Always let your winners ride.”Robin Wigglesworth Guest profileRobin Wigglesworth is the editor of Alphaville, the FT's financial blog. From Oslo, Norway, he leads a team of writers who dig into anything deeply nerdy or plain delightful that they spot in markets, business, or the global economy. He is also the author of Trillions, a book on the past, present, and future of passive investing and how it is reshaping financial markets.Worst investment everRobin was a Middle East correspondent for The Financial Times after the financial crisis. The crisis hit later in the Middle East because of the oil price boom. Until the collapse of Lehman, the Gulf was partying. Robin was impressed with how quickly central banks reacted in the last quarter of 2008 after the Lehman collapse.As a journalist, Robin couldn't invest in any company he covered, even if it was a broad index fund. But because Robin was in the Middle East, there was a lot of this stuff that he didn't cover.In the Gulf, the dirham was pegged to the dollar, so it was suddenly worth a lot more. Robin didn't have much money, but he had banked the odd few special payments he'd received for special reports on the FT. He put that money in an ETF in Norway, a consumer durables company called Orkla, and a fertilizer company called Yara.Robin's choice of investments was brilliant because these companies did incredibly well. Unfortunately, Robin reacted to short-term headlines when the European crisis started erupting and sold out. However, he kept Yara because he figured the world would always need fertilizers to grow food. But Yara got embroiled in a corruption scandal.Had Robin kept that small pot of money running to date, he'd now have a far larger pot of money.Lessons learnedYou can't outsmart the markets as a whole.If you want to trade, you must find something you know and nobody else has discovered.Always let your winners ride.Andrew's takeawaysThe average investor in America destroys 30 to 50% of the value that they could have captured in, for example, an index fund simply because of their timing decisions.First, you have to be able to see the opportunity, then have cash and the flexibility to invest in it, and finally, have the guts to actually pull the trigger and do it and let it ride.Robin's recommendationsRobin recommends reading his book Trillions and registering for free to read Alphaville and learn about passive investing.No.1 goal for the next 12 monthsRobin's number one goal for the next 12 months is to write another book on the...
Zero-day options are now almost 50 percent of the options market. But what are they? And why would anyone take these bets? Today on the show, host Ethan Wu and Alphaville's Robin Wigglesworth discuss the latest way to gamble on the markets and address concerns that it all might blow up. Also we go short the Republican debate and long the Bloomberg terminal. For a free 90-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferFollow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on Twitter. You can email Ethan at ethan.wu@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Bonds started as a tool of the state, but quickly came to determine its fortunes. Today on the show, FT Alphaville editor Robin Wigglesworth joins us to talk about how bonds have overtaken banking as the engine of the economy, and why that might be good and why that might be dangerous. Also, we go short the soft landing and long Nintendo. Links:How bonds ate the entire financial systemFor a free 90-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferFollow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on Twitter. You can email Ethan at ethan.wu@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Robin Wigglesworth, editor of FT Alphaville and author of Trillions, describes his career as “geeking out” on all things finance, writing to great depths on investing and markets. Hear how he connected with some of the greatest minds in finance to tell the origin story of index funds, his take on integrating corporate cultures through M&A, and what's next in the evolution of financial advice and incorporating AI. Trillions is included on Dimensional's 2023 Summer Reading List, which you can view here.
The story of passive investing is much more intense than you think.In this exclusive interview, discover the explosive insights into passive investing by Robin Wigglesworth, the globally renowned financial journalist, and author. Passive investing has attracted trillions of dollars over the years, and in this eye-opening Robin Wigglesworth Interview, we dive deep into the world of this popular investment strategy to help you make informed decisions about your financial future.As one of the leading voices in the financial industry, Robin Wigglesworth shares his expert knowledge on the rise of passive investing, the driving forces behind the trillions of dollars that have poured into index funds and ETFs, and the impact it has had on individual investors and the broader market. This exclusive interview is a must-listen for anyone interested in growing their wealth using passive investment strategies.In this comprehensive podcast, you'll learn:1. The history of passive investing: How it emerged as a disruptive force in the financial industry, and why it has attracted trillions of dollars in assets.2. The benefits and drawbacks of passive investing: Robin Wigglesworth shares his insights on the potential advantages and pitfalls of this strategy, and what it means for individual investors.3. The future of passive investing: As the popularity of passive investing continues to grow, find out what lies in store for the industry and how it may evolve in the coming years.4. Exclusive tips and advice: Robin Wigglesworth offers invaluable guidance for those considering adopting passive investing strategies, based on his years of experience and expertise in the field.Don't miss out on this unique opportunity to gain a deeper understanding of passive investing from one of the most respected experts in the field. Listen to the full Robin Wigglesworth Interview now and equip yourself with the knowledge you need to make informed investment decisions.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.Don't forget to like, share, and subscribe!Twitter: https://twitter.com/leadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreportCheck out Lead-Lag Live on all your favorite podcast platforms.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: https://www.leadlagreport.com/static/termsandconditionsFoodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:
‘Over the past decade, about 80 cents of every dollar that has gone into the US investment industry has ended up at Vanguard, State Street, and BlackRock. As a result, the combined stake in S&P 500 companies held by the Big Three has quadrupled, from about 5 percent in 1998 to north of 20 percent today.' These are the opening lines to the book, Trillions, by Robin Wigglesworth, Editor of FT Alphaville and a friend of the show. Today, we further unpack the world of ETFs to understand their evolution, and how they are becoming a much broader wrapper for a multitude of strategies. Salim explains how CIOs, allocators, and individuals use their products to build portfolios and gain exposure to themes, strategies and markets. Salim then dispels some of the myths of fixed income investing, before explaining how investors can use technology to vote whilst also owning passive vehicles, and how savers in Europe are changing their habits. Sign up to our newsletter for more in-depth insights | Follow us on LinkedIn The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.
It has been an amazing year for the podcast. We have had some incredible guests during 2022 who have provided us and listeners with insights and thought-provoking ideas about the world of finance. We covered a lot of ground and to wrap up the year we decided to recap some of our favourite moments for listeners. In this episode, we highlight the many themes covered during this year, such as the basics of investing, stocks and bonds, how to make wise investment decisions, gender inequality, asset management, index funds, market trends, and portfolio management. We also highlight some of the indirectly topics indirectly related to finance such as the value of happiness, enjoying the pursuit of happiness, the importance of goal setting, and much more. Join us as we reflect on some of our best moments from the year and provide an overview of the many vital lessons we have learned in this final episode of the year for the Rational Reminder podcast. Key Points From This Episode: Mac McQuown explains how the data revolution changed the game of investing. (0:09:05) Robin Wigglesworth and tracking the performance of portfolios in the 60s. (0:12:56) Professor Fama shares what it is like to see the impact of his academic work on the practice of asset management. (0:16:02) Gus Sauter tells us about the role the University of Chicago played in the index fund revolution. (0:18:41) Professor Fama unpacks what it means for a market to be efficient. (0:20:52) Gerard O'Reilly and the differences in the types of market strategies available. (0:24:27) Professor Betermier shares his research from multiple papers concerning tendencies towards growth and value stocks. (0:28:50) Eduardo Repetto tells us whether having a portfolio consisting of 100% small-cap value stocks makes sense. (0:36:06) Professor Koijen explains whether index funds distort market prices and make markets less efficient. (0:40:30) Professors Berk and van Binsbergen discuss if it is possible to find skilled fund managers before they are absorbed by their fund. (0:43:44) Professor Cederburg explains how data sets can be upwardly biased and why you need to be aware of it when looking at data. (0:48:15) Bill Janeway describes the three-player game regarding investments. (0:50:51) Professor Phalippou compares the performance of private equity relative to public equities. (0:53:42) Antti Ilmanen tells us how investors can stick with an investment strategy during times of low performance. (0:59:10) Professor List tells us how often people should check their investment portfolios. (1:01:56) Leonard Mlodinow explains how the rational mind and the emotional mind are intertwined. (1:04:56) Professor Edmans's Grow the Pie and making the world a better place. (1:07:27) Rebecca Walker outlines the effect learning about money has on people. (1:11:15) Colleen Ammerman describes the current state of women in the workplace. (1:13:21) Find out why the pursuit of a goal should be enjoyable with Professor Fishbach. (1:15:40) Andrew Hallam talks about life satisfaction after middle age and how to get there sooner. (1:20:28) Jay van Bavel details the effect of group identity on goal setting. (1:23:08) Professor Frank unpacks the relationship between the consumption of luxury goods and happiness. (1:26:55) Professor Bohns provides insight into why people are under-confident in their social lives. (1:31:01) Professor Fama reveals how many hours a day the brain can handle deep work. (1:34:24) Cassie Holmes and why happiness is a good thing from a scientific perspective. (1:35:30) Colonel Chris Hadfield shares the lesson he learned as an astronaut that he applies to his everyday life. (1:38:52) Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-233-a-year-in-review-discussion-thread/20856 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 Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore Episode 182: John 'Mac' McQuown — https://rationalreminder.ca/podcast/182 Episode 184: Robin Wigglesworth — https://rationalreminder.ca/podcast/184 Episode 186: Andrew Hallam — https://rationalreminder.ca/podcast/186 Episode 188: Professor Fishbach — https://rationalreminder.ca/podcast/188 Episode 192: Professor Edmans — https://rationalreminder.ca/podcast/192 Episode 194: Bill Janeway — https://rationalreminder.ca/podcast/194 Episode 196: Professor Betermier — https://rationalreminder.ca/podcast/196 Episode 198: Gerard O'Reilly — https://rationalreminder.ca/podcast/198 Episode 200: Professor Eugene Fama — https://rationalreminder.ca/podcast/200 Episode 202: Antti Ilmanen — https://rationalreminder.ca/podcast/202 Episode 204: Professor List — https://rationalreminder.ca/podcast/204 Episode 206: Professor Bohns — https://rationalreminder.ca/podcast/206 Episode 208: Rebecca Walker — https://rationalreminder.ca/podcast/208 Episode 210: Professor Phalippou — https://rationalreminder.ca/podcast/210 Episode 212: Professor Koijen — https://rationalreminder.ca/podcast/212 Episode 214: Jay Van Bavel — https://rationalreminder.ca/podcast/214 Episode 216: Gus Sauter — https://rationalreminder.ca/podcast/216 Episode 218: Colleen Ammerman — https://rationalreminder.ca/podcast/218 Episode 220: Professors Berk and van Binsbergen — https://rationalreminder.ca/podcast/220 Episode 222: Cassie Holmes — https://rationalreminder.ca/podcast/222 Episode 224: Professor Cederburg — https://rationalreminder.ca/podcast/224 Episode 226: Colonel Chris Hadfield — https://rationalreminder.ca/podcast/226 Episode 228: Eduardo Repetto — https://rationalreminder.ca/podcast/228 Episode 230: Professor Frank — https://rationalreminder.ca/podcast/230
If you've listened to the show for more than a couple episodes then you know that we're big fans of index funds. Specifically, low-cost widely diversified index funds are what the vast majority of our portfolios consist of. But how did index funds come to be? And sure, we're all for them but what does everyone else say? That's why we're pumped to take a deep dive into index funds today with Robin Wigglesworth who is editor of Alphaville over at the Financial Times. Robin is a financial journalist and he's also the author of the book “Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever.” Passive investing is something we take for granted- for us, index funds have always been an option but that wasn't always the case. It was a heretical idea in the past, so we're excited to get into the history of one of the most important modern-day investing innovations: who was responsible for their creation, why hedge funds still exist if index funds are the path to wealth, potential downsides to passive investing, & much more! Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear' is a crucial part of your personal finance journey. Start here. Sign up for the weekly HTM newsletter. It's fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group. Find the best credit card for you with our new credit card tool! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile. Don't be cheap and forego getting a life insurance policy. Compare rates with Policygenius. During this episode we enjoyed a Kveik 1 Golden Sour Ale by Shades Brewing- thanks Andy for donating this one to the pod! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money! Best friends out!See omnystudio.com/listener for privacy information.
This week, Felix Salmon, Emily Peck and Stacy-Marie Ishmael are joined by Robin Wigglesworth to talk about his new book Trillions. They get into active investing, what's going on with Tether, and the art company Masterworks. In the Plus segment: Snacks. Mentioned In the show: “Why Masterworks is worth $1 billion” by Felix Salmon“Anyone Seen Tether's Billions?” by Zeke Faux“Former Pepsi C.E.O. Indra Nooyi on the Truth of Corporate Responsibility” by David Marchese“You're snacking more when working from home, too right ?” by Emily Peck Email: slatemoney@slate.com Podcast production by Cheyna Roth Hosted on Acast. See acast.com/privacy for more information.