Masters in Business Campbell Harvey on the Future of Finance (Podcast)
Sep 17, 2021
Campbell Harvey, a finance professor at Duke University, shares his insights on behavioral finance and the evolution of decentralized finance (DeFi). He discusses his journey from skepticism to embracing crypto and the transformative potential of DeFi in improving financial systems. Harvey also highlights challenges in cryptocurrency security and the role of custody services. He critiques misleading financial research and emphasizes mentorship in navigating the evolving landscape of retail investing. Expect enlightening perspectives on how technology is reshaping finance!
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Accidental Donation
- Cam Harvey gave his students $10 in Bitcoin to set up a Coinbase account and promised to donate it to the university.
- Many forgot, leading to a $200,000+ accidental donation.
FinTech vs. DeFi
- Modern FinTech uses existing banking infrastructure, making its disruption fleeting, according to Cam Harvey.
- DeFi, however, builds fresh infrastructure, promising more lasting change.
Credit Card Fees
- Credit card fees remain high due to security costs and legacy infrastructure.
- Apple Pay offers increased security at a lower cost for credit card companies.
