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Showing episodes and shows of
Jules Van Binsbergen
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All Else Equal: Making Better Decisions
Rerun: Ep59 “Why Tariffs Are Not The Ultimate Trade Weapon” with Dani Rodrik
For the summer season, All Else Equal will be alternating between new episodes and reruns. In this week’s episode, we’re revisiting our conversation with Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University, and the author of the book Straight Talk on Trade: Ideas for a Sane World Economy, Dani Rodrik.With President Trump’s tariffs on Canada, Mexico, China, and other countries now in full swing, what consequences from an economic standpoint could the U.S. be facing? And what was the path that led us her...
2025-07-16
32 min
All Else Equal: Making Better Decisions
Rerun: Ep55 “The Future Of The MBA: From 3 Top Business Schools” with Madhav Rajan
For the summer season, All Else Equal will be alternating between new episodes and reruns. In this week’s episode, we’re revisiting our conversation with Madhav Rajan of the University of Chicago Booth School of Business. As more and more universities move away from full-time MBA programs, what does the future of business education look like? How should it look?In this episode, hear perspectives from three of the top business schools in the U.S.: Stanford Graduate School of Business, The Wharton School at the University of Pennsylvania, and the Booth...
2025-07-02
32 min
Investment Briefcase
Real Anomalies
AI-generated podcast for this research article:Jules H. van Binsbergen, Christian C. Opp, "Real Anomalies," Journal of Finance, 2019, 74(4), 1659-1706.
2025-06-20
06 min
All Else Equal: Making Better Decisions
Rerun: Ep54 “The Rise And Fall of Great Societies: Lessons from History” with Victor Davis Hanson
For the summer season, All Else Equal will be alternating between new episodes and reruns. On this week’s episode, we’re revisiting our conversation with historian Victor Davis Hanson.History shows that as societies rise to greatness, the scales eventually tip back and those societies fall. But what leads to that fall and are we heading toward one? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with historian Victor Davis Hanson, a senior fellow at the Hoover Institution who specializes in classics and military history. The convers...
2025-06-18
30 min
All Else Equal: Making Better Decisions
Ep62 “The Cost of Social Compliance: Exploring Preference Falsification" with Timur Kuran
Is the emperor wearing clothes? Hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by economist and political scientist Timur Kuran who wrote the book, Private Truths, Public Lies: The Social Consequences of Preference Falsification. This 30-year-old book explains the social phenomenon where people express preferences they do not have. As political and social tensions have risen in the U.S., the freedom to express views that go against the status quo has become more difficult. Jonathan, Jules, and Timur discuss what preference falsification is and why people engage in it, historical and c...
2025-05-22
33 min
All Else Equal: Making Better Decisions
Ep61 “Pursuit for Academic Freedom” with Richard Saller
If universities believe they should be free from government interference and that students and faculty have the right to freely express whatever viewpoints they hold, then the universities should be held to the same standard, right? Hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Richard Saller, an American classist and former interim president of Stanford University, to discuss whether or not the government has the right to intervene in university affairs and the hypocrisy that sometimes surrounds these issues. The conversation covers the recent statement signed by 562 university presidents advocating fo...
2025-05-07
30 min
All Else Equal: Making Better Decisions
Ep60 “A Trade Deficit? More Like a Capital Surplus” with John Cochrane
What exactly is a trade deficit? And why are so many policymakers fixated on it? Lately, the trade deficit in the U.S. is taking the bulk of the blame for the economic situation we’re in and it’s one of the reasons the Trump administration is pushing for sweeping tariffs. But tariffs are likely not the answer, and a trade deficit might be better referred to as a capital surplus. As a continuation of the tariffs discussion in the last episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by John Cochra...
2025-04-23
28 min
All Else Equal: Making Better Decisions
Ep59 “Why Tariffs Are Not The Ultimate Trade Weapon” with Dani Rodrik
With President Trump’s tariffs on Canada, Mexico, China, and other countries now in full swing, what consequences from an economic standpoint could the U.S. be facing? And what was the path that led us here? Hosts and finance professors Jonathan Berk and Jules van Binsbergen put the tariffs question to economist and author Dani Rodrik. Rodrik is the Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University, and the author of the book Straight Talk on Trade: Ideas for a Sane World Economy. Beginning with t...
2025-04-09
32 min
All Else Equal: Making Better Decisions
Ep58 How Rich Are The Ivy League Universities, Really? University Endowments Explained
The recent crackdown on federal spending has universities sweating despite the fact that many of them boast huge billion-dollar endowments. So what gives? Why would less money from the federal government be a cause for concern? Where does all that money go? And could there be more to this budget picture than meets the eye? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen delve into the inner workings of university endowments and how these institutions are balancing their budgets in a way that’s leaving themselves vulnerable to dire financial situations. Re...
2025-03-26
24 min
All Else Equal: Making Better Decisions
Rerun: Ep36 “Institutional Neutrality: Open Debate and Moral Stands” with John Etchemendy
All Else Equal is taking a little spring break, so on this episode we’re revisiting a fascinating conversation on what happens when universities step off the sidelines and take a stance on contentious issues. Are they boarding a roller coaster that they can’t ever get off? Hosts and finance professors Jonathan Berk and Jules van Binsbergen chat with John Etchemendy, former Provost of Stanford University, for a discussion about institutional neutrality and the long-term unseen costs of any stance institutions elect to take. Submit your questions to the show here: https://bit.ly/AllElseEqualFin...
2025-03-12
25 min
All Else Equal: Making Better Decisions
Ep57 “Effective Communication: Trump vs. Reagan” with Peter Robinson
One key to effective negotiation is to keep your opponent guessing by randomizing your strategy. And right now, there might not be a more prolific example of this kind of strategy than President Donald Trump’s communication style. In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Peter Robinson, a research fellow at the Hoover Institution and former speechwriter for President Ronald Reagan. Together, they examine Trump’s communication style by comparing and contrasting it with Reagan’s. They also discuss the effectiveness of an unpredictable communication strategy, whether Tr...
2025-02-26
36 min
All Else Equal: Making Better Decisions
Ep56 “When Should We Lie for the Greater Good?” with John Ioannidis
Is it acceptable for doctors to lie to their patients, or withhold some of the truth, if it’s in the patient’s best interest? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome back John Ioannidis, professor of medicine at Stanford University, to discuss the ethical implications of concealing the truth in the medical world, even when it’s for the greater good. The conversation touches on the importance of building and maintaining trust in healthcare, cases where that trust has been tested or fractured, the paternalism mindset in medicine...
2025-02-12
34 min
All Else Equal: Making Better Decisions
Ep55 “The Future Of The MBA: From 3 Top Business Schools” with Madhav Rajan
As more and more universities move away from full-time MBA programs, what does the future of business education look like? How should it look? In this episode, hear perspectives from three of the top business schools in the U.S.: Stanford Graduate School of Business, The Wharton School at the University of Pennsylvania, and the Booth School of Business at the University of Chicago. Hosts and finance professors Jonathan Berk and Jules van Binsbergen sit down with Chicago Booth’s Madhav Rajan to discuss the state of the MBA programs at their universities and why ther...
2025-01-29
32 min
All Else Equal: Making Better Decisions
Ep54 “The Rise And Fall of Great Societies: Lessons from History” with Victor Davis Hanson
History shows that as societies rise to greatness, the scales eventually tip back and those societies fall. But what leads to that fall and are we heading toward one? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with historian Victor Davis Hanson, a senior fellow at the Hoover Institution who specializes in classics and military history. The conversation explores the complexities and fragilities of successful societies like the Mycenaeans, Romans, and Byzantines, how specialization can lead to higher living standards but also increased vulnerability, and our e...
2025-01-15
29 min
All Else Equal: Making Better Decisions
Rerun: Ep48 “Why CEOs are Underpaid” with Dirk Jenter
As we ring in the new year, we’re bringing back one of our favorite episodes! Handpicked by Jules and Jonathan, this previous conversation is perfect for starting your year with thought-provoking insights.Are CEOs overpaid? It’s easy to see million-dollar (or even billion-dollar) salaries and jump to conclusions. But those figures might not capture the full picture. So, what really goes into deciding CEO compensation? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome back Dirk Jenter, Professor of Finance at the London School of Economics. Together, they debun...
2025-01-02
29 min
All Else Equal: Making Better Decisions
Ep53 “The Truth About Inflation and Price Caps: Learn From Argentina” with Veronica Rappoport
During the 2024 U.S. presidential election, inflation was one of the most talked about issues, and there was one policy idea to get inflation under control that kept coming up: price caps. But history has shown time and time again that price caps do anything but reduce inflation. So why do policymakers still want to try it?In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Veronica Rappoport, associate professor at London School of Economics and former 2nd Deputy Governor of the Central Bank of Argentina. Veronica served as the...
2024-12-18
26 min
All Else Equal: Making Better Decisions
Ep52 “Should Legacy Admissions at Universities Be Illegal?” with Patrick Awuah
Should legacy admissions at colleges and universities be banned? What are the benefits and tradeoffs of admitting students based on their legacy status? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Patrick Awuah, president of Ashesi University, about the Ghanaian university’s unique economic engine and the place for legacy admissions in the higher ed world. The conversation delves into how Ashesi University balances economic sustainability with educational inclusivity, the ethical and financial implications of legacy admissions, and tackles the controversial question, does admitting legacy students from wealt...
2024-12-11
26 min
All Else Equal: Making Better Decisions
Ep51 Celebrating 50 Episodes: The Biggest All Else Equal Mistakes
The All Else Equal: Making Better Decisions podcast has officially done 50 episodes! To commemorate the milestone, hosts and finance professors Jonathan Berk and Jules van Binsbergen look back on some of the major all else equal mistakes they’ve covered on the show. With highlights from past guests like Google CFO Ruth Porat and former SEC chair Jay Clayton, Jonathan and Jules provide insight on the pitfalls of oversimplified decision-making, regulatory challenges, correlation vs. causation, and what organizations can do to avoid making the same all else equal mistakes. Links to past episodes refer...
2024-11-14
27 min
All Else Equal: Making Better Decisions
Ep50 “Is Proxy Advising a Catch-22?” with Chester Spatt
If the purpose of a proxy advisory firm is to gather information and advise shareholders on how to vote, then how do the firms handle the many different goals and incentives each shareholder brings to the table? Where do the proxy advisory firms’ interests truly lie? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Chester Spatt, finance professor at Carnegie Mellon University and former Chief Economist at U.S. Securities and Exchange Commission, about the function and purpose of proxy advisory firms, such as Institutional Shareholder Services (ISS) and Gla...
2024-10-30
24 min
All Else Equal: Making Better Decisions
Ep49 “Making Regulation Work” with Jay Clayton
Regulation is meant to fix problems in the market, but as more and more regulation is introduced, those issues have a tendency to evolve into new ones. So is all this regulation even accomplishing what it set out to do? And how do you even measure the success of regulation to begin with? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen sit down with Jay Clayton, former chairperson of the U.S. Securities and Exchange Commission. They chat with Jay about the unintended consequences of regulation, the increasing challenges facing regulatory bodies i...
2024-10-16
27 min
All Else Equal: Making Better Decisions
Ep48 “Are CEOs Underpaid?” with Dirk Jenter
Are CEOs overpaid? It’s easy to see million-dollar (or even billion-dollar) salaries and jump to conclusions. But those figures might not capture the full picture. So, what really goes into deciding CEO compensation? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome back Dirk Jenter, Professor of Finance at the London School of Economics. Together, they debunk some common myths about how CEO compensation is set, explore the value that CEOs add to firms, and make the case for why CEOs could actually be paid more. Find...
2024-10-02
28 min
All Else Equal: Making Better Decisions
Ep47 “Is the US National Debt Sustainable?” with Mohamed El-Erian
What is the best way to measure National Debt Sustainability, and how does the US do on those metrics compared to other countries? In the first episode of the new season, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Mohamed El-Erian about the intricacies of the national debt, different measures of sustainability, and the implications of rising debt for national and global economies. Mohamed, Jonathan, and Jules also explore the broader macroeconomic and geopolitical factors at play. They discuss the importance of demographic shifts as well as recent technological advancements (AI) for economic growth...
2024-09-18
35 min
All Else Equal: Making Better Decisions
Rerun: Ep12 Corporations as Job Security Providers
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!Corporations are often characterized as evil entities that exploit workers. But in fact they enable firms to provide job security and thus serve the important role of minimizing risk for individual employees.In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen explore how corporations set employees’ wages based on their job performance while st...
2024-09-04
20 min
All Else Equal: Making Better Decisions
Rerun: Ep1 "Making a Business Decision" with Ruth Porat
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!When the scientific method began to be applied widely hundreds of years ago, innovation bloomed. Today, those same principles inform business leaders who rely on data analysis to set and shape direction.In this episode of All Else Equal, professors Jonathan Berk and Jules van Binsbergen speak with Alphabet CFO Ruth Porat about how to — and how not to...
2024-08-21
24 min
All Else Equal: Making Better Decisions
Rerun: Ep17 "Can the Free Market Discourage Fraud?" with Marc Cohodes
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!There’s a negative connotation associated with short selling – the act of betting against a stock to perform well. But is this trading practice truly a bad thing? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen build the case for short selling as a dynamic regulating force in the free...
2024-08-07
27 min
If/Then
All Else Equal: “Disentangling Causation and Correlation” with Guido Imbens
It can be tempting to think one thing causes another because they happen in succession, but there’s a lot to unwrap in the idea of causality. This week, If/Then is featuring an episode from the podcast All Else Equal: Making Better Decisions. Listen as hosts and finance professors Jonathan Berk and Jules van Binsbergen explain the difference between correlation and causality, and examine cases where it is tempting to assume one thing caused another. Their guest for this episode, Guido Imbens, is a professor of Economics at Stanford Graduate School of Business, and was awarded the Nobel Pr...
2024-08-07
29 min
All Else Equal: Making Better Decisions
Rerun: Ep8 “Why Capitalism Works" with John Cochrane
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!Competitive markets don’t produce the same level of prosperity for everyone. But economist John Cochrane thinks they give us something essential — incentives.In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk are joined by Cochrane, a prominent free-market economist and a senior fellow at the Hoover Institution at Stanford University.Acco...
2024-07-24
31 min
All Else Equal: Making Better Decisions
Rerun: Ep7 Can Investors Effect Social Change?
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!How can investors play a part in accomplishing social change? In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk explore what strategies are available to the social-minded investor.When it comes to what’s good for business and what’s good for society, van Binsbergen says, “People really would like to have it both w...
2024-07-10
25 min
All Else Equal: Making Better Decisions
Rerun: Ep6 "Can (and Should) Corporations Be Taxed?" with Larry Summers
This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!In this episode, hosts Jules van Binsbergen and Jonathan Berk discuss the complexities of the corporate income tax with former Treasury Secretary Larry Summers, who argues for retaining the tax.Summers explains why taxing corporations is one of the most effective tools the federal government has in making sure the wealthy pay their fair share. Might there be...
2024-06-26
27 min
All Else Equal: Making Better Decisions
Ep46 "May Contain Lies" with Alex Edmans
What is the real problem with misinformation? Are our biases so ingrained in us that we are unable to think critically about the world and the systems around us? What happens when large institutions attempt to push a heterodox narrative? Do we simply need more education to overcome misinformation, or do we need something much deeper—to learn to think critically again? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Alex Edmans, Professor of Finance at London Business School to discuss his latest book, May Contain Lies: How Stories, Statistics, and Studies Exploit Ou...
2024-05-30
29 min
All Else Equal: Making Better Decisions
Ep45 “The Future of Higher Education Part 2” with Niall Ferguson
What are the unseen costs of administrative bureaucracy and an ideology that favors victimhood over scholarly debate? What caused the ideological shift from classical liberalism to the illiberal leanings that now permeate universities, and what does it mean for the future of intellectual innovation and freedom? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Niall Ferguson, the Millbank Family Senior Fellow at the Hoover Institution at Stanford University and a Senior Faculty Fellow at the Belfer Center for Science and International Affairs at Harvard University, for a discussion of Niall’s solution to th...
2024-05-15
30 min
All Else Equal: Making Better Decisions
Ep44 “The Future of Higher Education Part 1” with Carmen Twillie Ambar and Kimberly Wright Cassidy
Should universities be primarily research and teaching institutions or should they have broader social responsibilities to today’s youth? How are institutions navigating the delicate dance of institutional neutrality among very hot-button and controversial issues? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Carmen Twillie Ambar, President of Oberlin College, and Kimberly Wright Cassidy, President of Bryn Mawr College, to discuss the shape, motivations, and responsibilities of Higher Education today and also going forward. Submit your questions to the show here: https://bit.ly/AllElseEqual ...
2024-05-09
30 min
All Else Equal: Making Better Decisions
Ep43 Examining Bad Investment Advice
Is Suze Orman giving out bad investment advice? Should you ever not refinance rates drop? Is dilution of stock a bad thing for the early stockholders? Should you dollar cost average? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen evaluate three pieces of widely given investing advice and drill down for why each one is actually bad investment advice. Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll...
2024-04-17
22 min
All Else Equal: Making Better Decisions
Ep42 Waiting to Invest
What could be the reason to delay investing in an option that will make you money? How do your investment opportunities expand when you make that choice? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the concept of real options in finance, focusing particularly on investment decision-making. They also address the challenge of valuing growth options in uncertain investment environments, emphasizing the importance of flexibility and the potential to create value through well-timed information and decisions.Submit your questions to the show here: https://bit.ly/AllElseEqual
2024-04-03
25 min
All Else Equal: Making Better Decisions
Ep41 “Understanding the SEC's New Climate Disclosure Rules” with Lawrence Cunningham
Why should climate risk be singled out for mandatory disclosure by the SEC, and how does this change the investment landscape? Can climate disclosure legislation walk the fine line between transparency and information overload? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Lawrence Cunningham, Research Professor of Law Emeritus at GW Law and special counsel with Mayer Brown LLP, to explore the arguments for and against the Securities and Exchange Commission (SEC) mandating climate risk disclosures for companies. Submit your questions to the show here: https://bit.ly/AllElseEqual
2024-03-13
26 min
All Else Equal: Making Better Decisions
Ep40 “Why the Private Debt Markets Have Exploded” with Laurence Gottlieb
There has been a rising trend in the importance of private debt as a way of financing companies. But what are the differences between private debt and public debt? Why is it increasing in popularity? What advantages does it offer over traditional banking models? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Laurence Gottlieb, Chief Executive Officer and Co-Founder of Fundamental Advisors LP, for a discussion about why the private debt markets have exploded.Submit your questions to the show here: https://bit.ly/AllElseEqualFind...
2024-02-28
27 min
All Else Equal: Making Better Decisions
Ep39 “Why Does the Non-Profit Model Work?” with Daniel Diermeier
Without a residual claimant, who sets the agenda of a non-profit organization like a university? Who makes sure that the organization follows that agenda rather than serving the interests of the administrators running the organization? Who are the stakeholders in a non-profit organization, and how does the organization prioritize their competing interests. In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Daniel Diermeier, Chancellor of Vanderbilt University, for a discussion about Non-Profit Organizations, and some key ways in which they operate differently and are able, in some instances to achieve better results than For...
2024-02-14
28 min
All Else Equal: Making Better Decisions
Ep38 "The Power of Non-Monetary Incentives: Lessons from the Military" with Lt. Gen. Thomas Bostick
Picture a workforce driven not by the promise of a paycheck, but by a shared sense of purpose and the thrill of contributing to something greater than themselves. How can you can ignite a passion in a team that money simply can't buy. In this episode, based on a question from a listener, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Lieutenant General Thomas Bostick, was the 53rd Chief of Engineers of the United States Army and Commanding General of the U.S. Army Corps of Engineers, for a discussion about Non-Monetary Incentives, and how they...
2024-01-31
24 min
All Else Equal: Making Better Decisions
Ep37 Five Common Finance Mistakes
Today, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss five common mistakes financial decision-makers often make. There is much misinformation and bad advice in financial markets. In this episode, Jonathan and Jules discuss strategies for avoiding bad advice and making better decisions.Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisionsAll Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School...
2024-01-17
29 min
Motley Fool Money
Wharton Professor on Risk and Returns
Ricky Mulvey caught up with Jules van Binsbergen, a finance professor at the University of Pennsylvania’s Wharton School, to talk about market sentiment, savings goals, and how to prepare for periods with lower rates of return. They also discuss: Disconnects between the real economy and financial markets, Whether the US stock market is merely a “lucky survivor,” And the dangers of institutional thinking – in investing and academia. Tickers discussed: NOK, BTCHost: Ricky MulveyGuest: Jules van BinsbergenProducer: Mary LongEngineer: Rick Engdah...
2024-01-14
42 min
All Else Equal: Making Better Decisions
Rerun: Ep15 "Shareholder vs. Stakeholder Capitalism" with Alex Edmans
For the end of the year, Jules and Jonathan are taking some well-deserved time off, and wanted to rerun a past episode they love for the new audience who has joined since then.Imagine being able to see through all the layers of corporate decision-making to uncover whether businesses should prioritize profits for shareholders or the well-being of a wider community. In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Alex Edmans, professor of finance at the London Business School, as they wade through the murky waters...
2024-01-03
25 min
All Else Equal: Making Better Decisions
Rerun: Ep5 "Why You Can't 'Agree to Disagree" with Robert Aumann
For the end of the year, Jules and Jonathan are taking some well-deserved time off, and wanted to rerun a past episode they love for the new audience who has joined since then.Is it possible to unravel the paradox of disagreement in rational decision-making? How should we dissolve discord? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Robert Aumann, mathematician, professor, and Nobel Prize winner, as they discuss acknowledging errors and embracing diverse viewpoints, with stories of Nobel Prize-winning luminaries showing the importance of evolving...
2023-12-27
35 min
All Else Equal: Making Better Decisions
Rerun: Ep3 “Why Good Stocks Are Not Good Buys” with Cliff Asness
For the end of the year, Jules and Jonathan are taking some well-deserved time off, and wanted to re-present a past episode they love for the new audience who has joined since then.Investing in stocks isn’t just prowess in numbers but a mental marathon as well. But prowess in numbers isn't all there is; this episode also explores the mental marathon of investment. It's a master class in economic acumen that will challenge the way you see the numbers, with the promise to elevate your understanding of the intricate dance between buyer an...
2023-12-20
29 min
All Else Equal: Making Better Decisions
Ep36 "Institutional Neutrality: Open Debate and Moral Stands" with John Etchemendy
What happens when universities and step off the sidelines and take a stance on contentious issues? Are they boarding a roller coaster that they can’t ever get off? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome John Etchemendy, former Provost of Stanford University, for a discussion about Institutional Neutrality, and the long-term unseen costs of any stance institutions elect to take. Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/al...
2023-11-29
24 min
All Else Equal: Making Better Decisions
Ep35 “Does Common Ownership Affect Product Market Outcomes?” with Martin Schmalz
It turns out your airline ticket prices might be affected by common ownership in mutual and index funds, but how? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Martin Schmalz, Professor of Finance and Economics at Oxford Saïd and Academic Area Head for the FAME faculty group (Finance, Accounting, Managerial Science, and Economics) for a discussion about Common Ownership, and the unseen power it holds in asset management for the corporate world. Submit your questions to the show here: https://bit.ly/AllElseEqualFind All E...
2023-11-23
27 min
All Else Equal: Making Better Decisions
Ep34 “Why Has Private Equity Grown So Much?” with Eric Zinterhofer
What accounts for the recent growth of private firms? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Eric Zinterhofer, Founder of Searchlight Capital Partners, to discuss the fundamental tradeoff between Public Equity and Private Equity, and how having a manager with more skin in the game creates greater returns, but at a cost of greater risk. Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu...
2023-11-01
29 min
All Else Equal: Making Better Decisions
Ep33 How Risky Should Your Retirement Savings Be?
In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the second half of the retirement equation, after going over how much you need to save, they now elaborate on how to think about investing what you have saved, and what theories make for optimizing your own personal risk exposure. They explain the importance of holding a diversified portfolio and tailoring the overall risk of that portfolio to you own personal needs. Submit your questions to the show here: https://bit.ly/AllElseEqual
2023-10-19
24 min
All Else Equal: Making Better Decisions
Ep32 “Labor Unions and Detroit Struggle” with Larry Katz
With recent strikes making big news, what are the complexities at hand when Unions become involved in the labor force? Some are well known but other effects, both good and bad, have been less obvious. Exact data can be hard to discern, but In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen talk with Larry Katz of Harvard University about how labor unions have functioned in the past, the current union landscape with an ongoing UAW strike in Detroit, and what impacts and changes they think will happen...
2023-10-05
26 min
All Else Equal: Making Better Decisions
Ep31 How Much Should You Save?
How much are you supposed to save for retirement and how do you get there? What is the different advice for people with different plans or risk tolerances?In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the ins and outs of long term investing, and how to make a working retirement plan that will work for you.Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford...
2023-08-30
27 min
All Else Equal: Making Better Decisions
Ep30 “Becoming a Better Communicator” with Matt Abrahams
Are you breaking some basic rules of communication without knowing it? What are the things you can start doing right now to communicate better? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Matt Abrahams, lecturer at Stanford GSB, and host of the highly influential podcast Think Fast, Talk Smart for a discussion about becoming a more effective communicator and presenter. Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the...
2023-08-02
25 min
All Else Equal: Making Better Decisions
Ep29 “How Do You Become CEO?” with Dirk Jenter
A lot has been written and said about CEOs and their compensation, but who are they really and how did they get there? According to the data, what are the most likely paths to become one? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Dirk Jenter, Professor of Finance at the London School of Economics, for a fascinating discussion of CEOs, including the surprising truths about who rises to the rank of CEO and from where, as well as exploring the issue of CEO...
2023-06-29
32 min
All Else Equal: Making Better Decisions
Ep28 Incentives and Externalities
Humans respond to incentives, and so incentives predict behavior and sometimes the behavior can be detrimental. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss a range of less obvious examples of how incentives produce negative externalities — long legal contracts, negative news stories, dumb traffic lights, overly pessimistic disaster prediction and other examples. Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions
2023-06-14
25 min
All Else Equal: Making Better Decisions
Ep27 "The Future of AI" with Michal Kosinski
The speed at which AI is getting smarter is on everybody's mind these days. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss with Stanford Professor Michal Kosinski what we should expect from the coming wave of AI technology, how it relates to the research on "Theory of Mind" and whether and how it potentially could be regulated.Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford...
2023-05-31
30 min
All Else Equal: Making Better Decisions
Ep26 “Investigating Implausible Theories: The Case of COVID” with Matt Ridley
When COVID-19 shut down the world economy in 2020 many wondered where it had begun and why the pandemic had even started in the first place. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss with Matt Ridley (biologist and author of Viral: The Search for the Origin of COVID-19) about the possible origins of the coronavirus pandemic, and the reasons that the thinking on what the origin is has changed over time.Submit your questions to the show here: https://bit.ly...
2023-05-17
29 min
All Else Equal: Making Better Decisions
Ep25 “Bubble Trouble” with Will Goetzmann
Financial bubbles are episodes where the value of something (like stocks, tulips or cryptocurrency) shoots up very rapidly, but then peaks and comes crashing down. The problem has never been seeing them in hindsight, but rather identifying one while in the middle of it. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss with Will Goetzmann (Edwin J. Beinecke Professor of Finance and Management Studies at the Yale School of Management how to identify bubbles and which key historical bubbles have shaped our thinking about them.
2023-05-03
28 min
All Else Equal: Making Better Decisions
Ep24 “When Institutions Cry Wolf” with Jay Bhattacharya
It takes a long time to build up credibility, but you can lose it in an instant. What would it take to justify lying to the public for their own good, and are the benefits worth the costs? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the costs and benefits of the government lying to its own citizens.They then discuss the topic with Dr. Jay Bhattacharya (Professor of Medicine at Stanford University's Medical School, PhD in Economics, fellow of the Hoover Institution, and...
2023-04-12
32 min
All Else Equal: Making Better Decisions
Ep23 “When Banking Fails” with Amit Seru
The FDIC and Federal Reserve have recently intervened to stop another banking crisis. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen dig in to see what failed. What causes bank runs? Are the government subsidies of banks worth it? Is a bank the right way to finance risky investments or are they historical artifacts. Their guest Amit Seru, The Steven and Roberta Denning Professor of Finance and Senior Associate Dean for Academic Affairs at Stanford Graduate School of Business, explains what went wrong with the banks in...
2023-03-24
33 min
All Else Equal: Making Better Decisions
Ep22 “How Do You Know If Your Marketing Dollars Are Working?” with Florian Zettelmeyer
Note: if you are hearing the wrong audio try redownloading the episode or listen here.What reach does marketing really have? In the murky waters of cause and effect marketers have to figure out where to put their resources and what impact they can make on consumers. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen talk about how to measure the impact advertising has, and how not to measure it. They then discuss with Florian Zettelmeyer (the Nancy L. Ertle Professor of Marketing at the...
2023-03-15
26 min
All Else Equal: Making Better Decisions
Ep21 "Disentangling Causation and Correlation" with Guido Imbens
It can be tempting to think one thing causes another because they happen in succession, but there’s a lot to unwrap in the idea of causality. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen explain the difference between correlation and causality, and examine cases where it is tempting to assume one thing caused another, but the reality is quite different or even the opposite. They then discuss with Guido Imbens (Nobel Prize Winner and a chaired professor in Economics at the Stanford Graduate School of Business) th...
2023-03-01
28 min
Money For the Rest of Us
Beware of Survivorship Bias When Investing
Why long-term U.S. stock market outperformance could be because it has avoided major catastrophes. Does an over-reliance on historical U.S. stock returns when modeling retirement outcomes lead to spending rates that are too high?Topics covered include:Why you might consider earthquake insuranceWhat is survivorship bias and what are some examplesWhy the U.S. is an outlier when it comes to stock market performanceWhy the 4% retirement spending rule might be too highIf the 4% spending rule is too high, what can retirees do instead to have enough for retirementWhy the size and scale of the...
2023-02-15
22 min
All Else Equal: Making Better Decisions
Ep20 "Risk and the Fundamental Tradeoff of Corporate Finance"
Risk is an inherent part of all business decisions and understanding ways this risk can be reduced is essential to succeeding in today’s business environment. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen explain how to assess risk and discuss smart ways of diversifying it away. But sometimes diversification comes at a cost to productivity and the hosts present this as the fundamental tradeoff of corporate finance.Submit your questions to the show here: https://bit.ly/AllElseEqualFind Al...
2023-02-15
20 min
All Else Equal: Making Better Decisions
Ep19 “The Future of Money: Central Bank Digital Currency?” with Kevin Warsh
Cryptocurrency is increasing in popularity but still confusing to many consumers and finance professionals alike. On this episode of All Else Equal, finance professors Jules van Binsbergen and Jonathan Berk admit they don’t understand why some central banks are introducing digital currencies and why there would be need in our economic system.To help answer these questions they speak with Kevin Warsh, a former governor for the Federal Reserve and current Visiting Fellow at the Hoover Institute at the Stanford School of Business. Kevin makes the case for regulating crypto currencies and what that would look li...
2023-02-01
26 min
All Else Equal: Making Better Decisions
Ep17 “Can The Free Market Discourage Fraud?” with Marc Cohodes
There’s a negative connotation associated with short selling – the act of betting against a stock to perform well. But is this trading practice truly a bad thing? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen build the case for short selling as a dynamic regulating force in the free market. And an incentive for individuals to investigate and expose fraud.Later in the episode, Jonathan and Jules speak with Marc Cohodes, whose notable short-selling decisions have landed him in hot water with powe...
2022-12-07
26 min
Risk Parity Radio
Episode 221: All Roads Lead To More Cowbell -- Shplendid!
In this episode we answer emails from Gregory, MyContactInfo, Ralphio and Spencer. We discuss the overriding currency speculation aspect of investing in non-U.S. funds, keeping things simple during accumulation, leveraged funds, some academic analyses of managed funds and what to make of it, how to identify the basic factors of given funds and the Shplendid aspects of MORE COWBELL.Links:Paul Merriman's "Best in Class" Fund Identification Page: Best-in-Class ETF Portfolios - Paul MerrimanRational Reminder Leveraged Portfolios Video: Investing With Leverage (Borrowing to Invest, Leveraged ETFs) - YouTubeRational Rem...
2022-11-30
27 min
All Else Equal: Making Better Decisions
Ep16 “The Value Of Protecting Unpleasant Speech” with John Paulson
Freedom of expression is a constitutional right, but it’s also a valuable business strategy. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen build the case that without freedom of expression within an organization, the competitiveness of the organization will suffer and ultimately be much worse off without a culture that allows for dissenting opinions.Later in the episode, Jonathan and Jules speak with John Paulson – whose outside-the-box thinking allowed him to predict the 2008 mortgage crisis before almost anyone else, and to position hims...
2022-11-16
26 min
All Else Equal: Making Better Decisions
Ep15 "Shareholder vs. Stakeholder Capitalism" with Alex Edmans
Businesses often prioritize shareholder interests to make profit. But this can lead to short-sighted decisions that fail to benefit other stakeholders… right? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen – and guest Alex Edmans – ask that very question and provide some surprising answers. Whose interests are better aligned with the long-term health of a business: external stakeholders or internal shareholders?Alex Edmans is a finance professor at the London Business School. He has written a book on the topic of shareholder versus stakeholder capita...
2022-11-02
24 min
All Else Equal: Making Better Decisions
Ep14 “‘A Pound Of Flesh’ And Student Debt” with Sheila Bair
President Biden has promised sweeping debt relief to millions of student loan borrowers. In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the implications of this policy decision and the ways it could influence behavior for both students and educational institutions.Later in the episode, Jonathan and Jules call in an expert: Sheila Bair, former Assistant Secretary of the Treasury and Chair of the Federal Deposit Insurance Corporation (FDIC). Sheila shares her work as a Senior Fellow at the Peter G. Peterson Foundation, where she...
2022-10-19
24 min
The Rational Reminder Podcast
Permanent Life Insurance
Of course, you want to protect your family and your savings from unforeseen consequences, but is life insurance the best option? Can life insurance be an investment rather than a cost? In today's episode of the Rational Reminder Podcast, we take a look at everything life insurance and dig into some hard-hitting research on the subject. We break down the various insurance products available and unravel the nuances regarding returns, dividends, and the associated fees. We discuss why there is so much confusion regarding returns and associated risk, how your contribution can affect your returns, and why you may...
2022-10-06
1h 16
All Else Equal: Making Better Decisions
Ep13 “Does Regulation Help or Hurt Consumers?” with Maureen Ohlhausen
Conventional wisdom tells us that we need regulators to ensure quality work in certain professions. But do consumers really benefit as much as they think from government regulation?In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen investigate the question: Who does regulation help more, consumers or producers?Later in the episode, Jonathan and Jules call in an expert: Maureen Ohlhausen, who chairs the Global Antitrust and Competition Law practice at Baker Botts.Submit your questions to the show...
2022-10-05
27 min
The Rational Reminder Podcast
Jonathan Berk and Jules van Binsbergen: The Arithmetic of Active Management, Revisited
Do you feel like you have a good grasp of financial markets? Think again! In this episode, we take a plunge into the world of financial markets with experts Jules van Binsbergen and Jonathan Berk. Jules is a Professor of Finance at the Wharton School of the University of Pennsylvania and Jonathan is a Professor of Finance at Stanford Graduate School of Business. They also host a popular podcast called Else Equal, which explores the science and strategy of making better financial decisions, and have written several academic papers that challenge the status quo. In our conversation, we discuss th...
2022-09-29
1h 23
All Else Equal: Making Better Decisions
Ep12 "Corporations as Job Security Providers"
Corporations are often characterized as evil entities that exploit workers. But in fact they enable firms to provide job security and thus serve the important role of minimizing risk for individual employees.In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen explore how corporations set employees’ wages based on their job performance while still providing job security by comparing it to an insurance contract. “I think, in fact, you could think of corporations as entities that insure workers,” says Jonathan Berk.Also in this episod...
2022-09-21
20 min
All Else Equal: Making Better Decisions
Ep11 "Is Bankruptcy the End?" with Jim Millstein
Does filing for bankruptcy spell the end for a company? Or is there another way to look at corporate financial distress?In this episode of All Else Equal: Making better decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen debunk some myths about Chapter 11 of the United States Bankruptcy Code – and compare the benefits of financing your company with equity or debt. Later, bankruptcy expert Jim Millstein joins the show to talk about corporate restructuring proceedings and the government bailout of General Motors.Jim Millstein is the Co-Chairman of Guggenheim Securities, the investment ba...
2022-09-07
28 min
All Else Equal: Making Better Decisions
Special Episode: What’s Wrong with Buybacks?
Are buybacks bad for business? Should firms buy dividends instead, or just not make payouts?In this episode of All Else Equal: Making Better Decisions, hosts and finance professorsJonathan Berk and Jules van Binsbergen debunk myths about buybacks. They explain what abuyback, or share repurchase, is and why companies choose to use them, as well as theimplications of the Inflation Reduction Act’s proposal to assess a 1% tax on buybacks.All Else Equal: Making Better Decisions is a podcast produced by Stanford Graduate Sc...
2022-08-10
20 min
Knowledge at Wharton
Corporate Good vs. Social Good: Can Investors Have Both?
In an episode of the “All Else Equal“ podcast series from Stanford Graduate School of Business, Wharton’s Jules van Binsbergen and Stanford’s Jonathan Berk discuss the strategies available to the social-minded investor, and why they are not clear-cut. Hosted on Acast. See acast.com/privacy for more information.
2022-07-18
25 min
Knowledge at Wharton
Corporate Good vs. Social Good: Can Investors Have Both?
In an episode of the “All Else Equal“ podcast series from Stanford Graduate School of Business, Wharton’s Jules van Binsbergen and Stanford’s Jonathan Berk discuss the strategies available to the social-minded investor, and why they are not clear-cut. Hosted on Acast. See acast.com/privacy for more information.
2022-07-18
25 min
All Else Equal: Making Better Decisions
Ep9 "When is a Business Decision a Mistake?" with Hadley Mullin
As leaders, how do we know when we've made a mistake? Is it as simple as evaluating whether the outcome was good or bad? In this episode of All Else Equal: Making better decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss how risk/reward calculations can help define what is a mistake and what isn't.To talk more in depth about this topic, and how owning up to a mistake plays out inside an investment firm, the hosts interview Hadley Mullin. Mullin is a senior partner at TSG Consumer Partners, a private equity...
2022-07-12
22 min
All Else Equal: Making Better Decisions
Ep8 "Why Capitalism Works" with John Cochrane
Competitive markets don’t produce the same level of prosperity for everyone, but economist John Cochrane thinks they give us something more important — incentives.In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk are joined by John Cochrane, a prominent free-market economist and a senior fellow at the Hoover Institution at Stanford University.According to Cochrane, competition gives us the incentives to work, serve the needs of others, and innovate. A system with incentives, he says, “is the only one where we all don't end up worse.”
2022-06-07
31 min
All Else Equal: Making Better Decisions
Ep7 "Can Investors Effect Social Change?"
How can investors play a part in accomplishing social change? In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk explore what strategies are available to the social-minded investor.When it comes to what’s good for business and what’s good for society, van Binsbergen says, “People really would like to have it both ways.” But as he and Berk explain, it is unlikely that they can.The Impact of Impact Investing working paper referenced in this episode. Read more about the pitfalls and promises of ESG on Stanf...
2022-05-03
25 min
All Else Equal: Making Better Decisions
Ep6 "Can (and Should) Corporations Be Taxed?" with Larry Summers
In this episode, hosts Jules van Binsbergen and Jonathan Berk discuss the complexities of the corporate income tax with former Treasury Secretary Larry Summers, who argues for retaining the tax.Summers explains why taxing corporations is one of the most effective tools the federal government has in making sure the wealthy pay their fair share. Might there be room for improvement? Yes, Summers says, but don’t abolish it. “Before we are critical of that tax, we better make awfully sure that we have a superior alternative.”Submit your questions to the show h...
2022-04-19
27 min
All Else Equal: Making Better Decisions
Ep5 "Why You Can't 'Agree to Disagree" with Robert Aumann
"The reason people disagree is because they're striving toward a different goal," says mathematician and Nobel Prize winner Robert Aumann. In this episode of All Else Equal, Aumann sits down with finance professors and podcast hosts Jonathan Berk and Jules van Binsbergen."If there's a disagreement in the room at the end of a discussion, someone in the room is making a mistake," says Berk.Submit your questions to the show here: https://bit.ly/AllElseEqualFind All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions
2022-04-05
34 min
All Else Equal: Making Better Decisions
Ep3 “Why Good Stocks Are Not Good Buys” with Cliff Asness
Picking stocks is a famously difficult exercise, not for the faint of heart. So how do investment professionals make decisions about which stocks to buy?In this episode of All Else Equal, professors Jonathan Berk and Jules van Binsbergen interview Cliff Asness, cofounder and chief investment officer at AQR Capital Management, about his decision-making strategy. Fundamentally, Asness says, success depends on the ability to “withstand pain” when your investments perform poorly and the confidence to trust your judgment.“Everybody talks about the long term, but actually being long-term is a superpower in investing if you can do...
2022-03-08
28 min
All Else Equal: Making Better Decisions
Ep2 "How the NBA Builds Teams" with Billy King
Personnel decisions can be some of the toughest a manager will make. What are the attributes you should look for when building a team? In this episode of All Else Equal, professors Jonathan Berk and Jules van Binsbergen interview former NBA general manager Billy King about how he approached player evaluation. Statistics are an important measure of performance, but King says he also tried to assess how individual players made the players around them better.King invokes the philosophy of his mentor, Duke University head coach Mike Krzyzewski, who taught the power of teamwork. Punching...
2022-02-22
16 min
Macro Musings with David Beckworth
Will Diamond on Safe Assets, Risk-Free Rates, and Convenience Yields and their Implications for Policy
William Diamond is an Assistant Professor of Finance at the Wharton School of Business at the University of Pennsylvania. Will joins David on Macro Musings to discuss safe assets, convenience yields, bubbles and public debt and the implications for policy. Specifically, David and Will get into competing theories of interest rates and the rise of New Keynesian thinking, the role of the dollar in the global financial system, the drivers behind the growth in US debt, how the construction of risk-free interest rates unaffected by convenience yields on safe assets can improve our understanding of the financial system in...
2022-02-21
1h 05
Think Fast Talk Smart: Communication Techniques
52. Communicating Our Mistakes: How to Avoid Common Flaws and Make Better Decisions
In this episode of Think Fast, Talk Smart, host Matt Abrahams sits down with finance professors Jonathan Berk and Jules van Binsbergen to talk about their new podcast, All Else Equal.Connect:Premium Signup >>>> Think Fast Talk Smart PremiumEmail Questions & Feedback >>> hello@fastersmarter.ioEpisode Transcripts >>> Think Fast Talk Smart WebsiteNewsletter Signup + English Language Learning >>> FasterSmarter.ioThink Fast Talk Smart >>> LinkedIn, Instagram, YouTubeMatt Abrahams >>> LinkedIn ********This episode is sponsored by Grammarly. Let Grammarly take the busywork off your plate so you can focus on high-impact work. Download Grammarly for free today Be...
2022-02-16
21 min
All Else Equal: Making Better Decisions
Ep1 "Making a Business Decision" with Ruth Porat
When the scientific method began to be applied widely hundreds of years ago, innovation bloomed. Today, those same principles inform business leaders who rely on data analysis to set and shape direction.In this inaugural episode of All Else Equal, professors Jonathan Berk and Jules van Binsbergen speak with Alphabet CFO Ruth Porat about how to — and how not to — use data to make decisions.“It’s too easy to just anchor on a set of numbers,” Porat says. “Most important is to look at the trends over time, then break it down to the sensitivity...
2022-02-07
24 min
All Else Equal: Making Better Decisions
Introducing "All Else Equal"
Join finance professors Jonathan Berk and Jules van Binsbergen in a conversation with prominent business leaders about common flaws in the decision making process and what to do about them.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
2022-01-31
02 min
The Voice of Corporate Governance
The Impact of Impact Investing with Professor Jules H. van Binsbergen
In this episode, CII General Counsel Jeff Mahoney interviews Professor Jules H. van Binsbergen of the University of Pennsylvania. Professor van Binsbergen is the co-author of recent paper entitled “The Impact of Impact Investing.”
2021-11-04
10 min
Na De Pauze
#13 Jules Thijssen - Pinkpop 2020 Special -
Legende Jules Thijssen over zijn tijd als monitorman bij Doe Maar, uitdagingen als stagemanager en de toekomst in de festivals.
2020-06-21
1h 05