Podcast appearances and mentions of William J Bernstein

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/religion

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Frank from the Quite Frankly show returns to SGT Report the discuss the madness of group think and crowds, epecially as it relates to the TRANS insanity that is taking over America. “Disconfirmation of deeply held beliefs causes severe psychic pain; what better way of alleviating it than in the company of newly won believers?" ― William J. Bernstein, The Delusions of Crowds: Why People Go Mad in Groups   WATCH this one HERE: https://www.bitchute.com/video/fJTLmRtJXiH6/

Dr. William J. Bernstein talks about how the imperfect portfolio you can stick with is better than the perfect portfolio you can't stick with, answers audience questions about bonds for young investors, bond maturity, the risks of bond ETFs, Treasury inflation-protected securities (TIPS), and about how he's changed his approach to investing over time.Efficient FrontierWhat's the Proper Bond Duration for Your Portfolio?Bogleheads® ForumBogleheads® WikiBogleheads® RedditBogleheads® FacebookBogleheads® TwitterBogleheads® on Investing podcastBogleheads® YouTube Bogleheads® Local ChaptersBogleheads® Virtual Online ChaptersBogleheads® on Investing PodcastBogleheads® ConferencesBogleheads® BooksThe John C. Bogle Center for Financial Literacy is a 501(c)3 nonprofit organization. At Boglecenter.net, your tax-deductible donations are greatly appreciated.

Every year, Gartner shares the personal side of expert analysts in the form of their recommended reads (see Gartner's 7 Must-Read Business Books for 2022). Each book on the list comes with a note from the expert highlighting its value to you as a leader and an individual. This month's podcast features the book The Delusions of Crowds: Why People Go Mad in Groups by William J. Bernstein. The book was recommended by one of our data and analytics experts, Andrew White. The primary reason White recommended this book is that it goes totally against the popular image of the wisdom of crowds and explores counter arguments referred to as the delusions of crowds. Most importantly, the ideas are framed on the key challenges of executives and IT leaders for strategic decision making.Gartner research highlights that decision making is a core capability for every organization, and it is becoming more complex. Decisions are becoming more connected, more contextual and more continuous. IT leaders must prepare to reengineer decision making and ultimately make business decision making a competitive differentiator. 

Bloomberg Opinion columnist Barry Ritholtz speaks with the financial theorist and retired neurologist William J. Bernstein, who co-founded the investment management firm Efficient Frontier Advisors and has written several books on finance and economic history. His titles include “The Birth of Plenty: How the Prosperity of the Modern World Was Created,” “A Splendid Exchange: How Trade Shaped the World,” and “Masters of the Word: How Media Shaped History.” He was also the 2017 winner of the James R. Vertin Award from CFA Institute. His latest book is “The Delusions of Crowds: Why People Go Mad in Groups.”

In this episode of "Keen On", Andrew is joined by William J. Bernstein, the author of "The Delusions of Crowds", to discuss Bitcoin and the Gamestop/Robinhood saga, as well to touch upon subjects like ISIS and even conspiracy groups like QAnon. William J. Bernstein is a neurologist, co-founder of Efficient Frontier Advisors, an investment management firm, and has written several titles on finance and economic history. He has contributed to the peer-reviewed finance literature and has written for several national publications, including Money Magazine and The Wall Street Journal. He has produced several finance titles, and also three volumes of history, The Birth of Plenty, A Splendid Exchange, and Masters of the Word, about, respectively, the economic growth inflection of the early 19th century, the history of world trade, and the effects of access to technology on human relations and politics. He was also the 2017 winner of the James R. Vertin Award from CFA Institute. Bernstein is a proponent of the equity or index allocation school of thought, believing that all equity selection strategies should be focused on allocating between asset classes, rather than selecting individual stocks and bonds, or from the timing of their sales. Bernstein's first book, The Intelligent Asset Allocator, makes this case in detail; his second book, The Four Pillars of Investing: Lessons for Building a Winning Portfolio, is aimed for those less comfortable with statistical thought. It also puts asset-class returns into long-term historical perspective. Bernstein is an advocate for modern portfolio theory, which stands in stark contrast to the view that skilled managers can succeed in picking particular investments that will outperform the market, whether through market timing, momentum investing, or finding assets whose future value have been underestimated by the market. He argues that the financial research literature shows that most return is determined by the asset allocation of the portfolio rather than by asset selection. In 1996, Bernstein introduced Coward's Portfolio, a popular form of lazy portfolio. He explained "a rational coward might split their equity exposure equally between S&P, EAFE, US small, and foreign small stocks." A contemporary implementation of the Portfolio includes 40% short-term bonds, and 15% international equity evenly divided into Europe, Pacific, and emerging markets funds. Bernstein's third book, The Birth of Plenty, is a history of the world's standard of living; it proposes four conditions that have historically been necessary for it to rise. His fourth book, A Splendid Exchange: How Trade Shaped the World, published in 2008 by Grove Atlantic, is a history of trade. In 2009 his fifth book was published "The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between" which continues the theme of asset allocation in a more accessible way. In 2014 his sixth book, "Rational Expectations: Asset Allocation for Investing Adults" was published. It updated his earlier books on investing to cover the position after the Great Financial Crisis (GFC) of 2008-09, and the most recent research on investing, including that by Elroy Dimson, Paul Marsh, and Mike Staunton, authors of "Triumph of the Optimists". Bernstein holds a PhD in chemistry and an MD; he practiced neurology until retiring from the field. He lives in Portland, Oregon. Learn more about your ad choices. Visit megaphone.fm/adchoices

หนังสือ The Four Pillars of Investing: Lessons for Building a Winning Portfolio ของ William J. Bernstein- การสร้างพอร์ตให้ชนะตลาดต้องทำยังไงบ้าง แล้วมันสามารถเป็นไปได้จริง ๆ เหรอ- 4 หลักในการเรียนรู้เพื่อจะเอาชนะตลาดคือ 1. ทฤษฎีการลงทุน 2. ประวัติศาสตร์การลงทุน 3. จิตวิทยาการลงทุน และ 4. ธุรกิจการลงทุน- การลงทุนมีความเสี่ยง สิ่งที่สำคัญกว่านั้นคือรู้ให้ได้ว่าความเสี่ยงคืออะไรบ้าง และเรียนรู้จากอดีตว่ามันเคยเกิดเหตุการณ์ที่คล้าย ๆ กันรึเปล่า- ผลตอบแทนของการลงทุนจะขึ้นอยู่กับความกล้าในการเข้าซื้อจุดที่ต่ำสุด แล้วเราประเมินแล้วว่าบริษัทนี้เป็นแบบเติบโต หรือว่าคุณค่ากันแน่- การเข้าซื้อบริษัทก็คือการลงทุน แล้วเราก็จำเป็นต้องดูงบการเงินของบริษัทนั้น ๆ อย่างถี่ถ้วน เราจะไม่ดูสื่อชวนเชื่อหรือแม้กระทั่งข่าวลืออย่างเด็ดขาด

Jacob Wolinsky worked in investing and financial journalism before founding ValueWalk, a site that curates information about investing, hedge funds, asset management, and the broader world of finance. We explore Jacob’s journey as an investor and an entrepreneur. This episode was a real treat for me because our guest was (and continues to be) instrumental to my growth as a value investor. Jacob gave us a ton of awesome reading material, and I can’t wait to dive into it. Links from the Show ValueWalk www.valuewalk.com ValueWalk Premium www.valuewalkpremium.com Hidden Value Stocks www.hiddenvaluestocks.com Jacob’s Reading List www.strategychainpodcast.com/support Time Stamps 0:06:34 – Jacob’s first experience as an investor: right for the wrong reason! 0:08:38 – A revelation: Benjamin Graham’s book The Intelligent Investor 0:14:49 – Greater Fool Theory: Beanie Babies and Trading Tulips 0:18:12 – Cigar Butts: Classic value investing 0:21:40 – The role of psychology in investing 0:24:15 – Jacob’s professional path into investing 0:32:01 – How Jacob got started writing for GuruFocus 0:40:40 – Circle of competence & the danger of overstepping like Long-Term Capital Management 0:44:22 – Patience: David Einhorn’s Fooling Some of the People All of the Time and Christine Richard’s Confidence Game (About Bill Ackman) 0:46:36 – Joel Greenblatt: positions took 2-3 years before they worked (on average) 0:47:43 – The advantages of being a small investor 0:50:04 – Taking the jump: focusing on ValueWalk full time 1:17:49 – HiddenValueStocks.com background 1:22:11 – Thoughts on conducting valuation after having run a real business 1:31:35 – Investing is extremely dependent on the individual’s personality 1:35:03 – Jacob’s favorite investing books: John Neff’s books (particularly John Neff on Investing), David Dreman’s books (particularly Contrarian Investing Strategies), Christopher Browne’s The Little Book of Value Investing, James Montier’s The Little Book of Behavioral Investing, The Millionaire Next Door by Thomas Stanley and William Danko, John Bogle’s books, Bruce Greenwald’s Value Investing from Graham to Buffett and Beyond, John Train’s Money Masters of Our Time, Joel Greenblatt’s You Can Be a Stock Market Genius, Ben Graham and David Dodd’s The Intelligent Investor, Andrew Tobias’ The Only Investment Guide You’ll Ever Need, William J. Bernstein’s The Four Pillars of Investing. Strategy Chain Links Rate and review the podcast at https://podcasts.apple.com/us/podcast/strategy-chain/id1492935567 Find Amazon affiliate links at http://strategychainpodcast.com/support Send me questions at http://strategychainpodcast.com/contact Sign up for the email list at http://strategychainpodcast.com/ Social Media @strategychain (Facebook, Twitter, Instagram, Medium)

(from 2009) William J. Bernstein, author of "The Splendid Exchange: How Trade Shaped the World."

On today's Global Exchange Podcast, we are joined by Sarah Goldfeder and Eric Miller to discuss their latest CGAI paper, “The Imperative of Trade Diversification: Why Canada Should Embrace Taiwan's Accession to CPTPP.” The Global Exchange is part of the CGAI Podcast Network. Subscribe to the CGAI Podcast Network on SoundCloud, iTunes, or wherever else you can find Podcasts! Bios: - Colin Robertson (host) - A former Canadian diplomat, Colin Robertson is Vice President of the Canadian Global Affairs Institute. - Sarah Goldfeder - CGAI fellow and a Principal at the Earnscliffe Strategy Group in Ottawa. - Eric Miller – CGAI fellow and President of Rideau Potomac Strategy Group. Related Links: - "The Imperative of Trade Diversification: Why Canada Should Embrace Taiwan's Accession to CPTPP” (https://www.cgai.ca/the_imperative_of_trade_diversification_why_canada_should_embrace_taiwans_accession_to_cptpp) Recommended Books: Sarah Goldfeder - “Start-Up Nation: The Story of Israel's Economic Miracle” by Dan Senor and Saul Singer (https://www.amazon.ca/Start-Up-Nation-Israels-Economic-Miracle/dp/0771079664) Eric Miller - “A Splendid Exchange: How Trade Shaped the World” William J. Bernstein (https://www.amazon.ca/Splendid-Exchange-Trade-Shaped-World-ebook/dp/B006NZ9XTU) Recording Date: October 14, 2019 Give 'The Global Exchange' a review on iTunes! Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on Linkedin. Head over to our website www.cgai.ca for more commentary. Produced by Jay Rankin. Music credits to Drew Phillips.

Bloomberg Opinion columnist Barry Ritholtz interviews William J. Bernstein, a neurologist and co-founder of the investment management firm Efficient Frontier Advisors. Bernstein has written several titles on finance and economic history, including “The Birth of Plenty,” “A Splendid Exchange” and “Masters of the Word,” about, respectively, the economic growth inflection of the early 19th century, the history of world trade, and the effects of access to technology on human relations and politics. He was also the 2017 winner of the James R. Vertin Award from CFA Institute.

Wade Pfau’s recommended reading for those advising long-term investors is William J. Bernstein’s “Deep Risk: How History Informs Portfolio Design.”