324: Exploring the Past, Present and Future of Finance with Financial Archeologist, Professor William Goetzmann

My guest today is Professor William Goetzmann. He’s the Professor of Finance and Management Studies at Yale’s School of Management, the faculty director of the International Center for Finance, and the director of the SOM Executive MBA in Asset Management.

He’s also a Research Associate of the National Bureau of Economic Research and has served as the president of the Western Finance Association and the European Finance Association. He’s an expert on financial markets and securities, investment strategies, investor behavior, and financial history, and the author of several books.

In his most recent book, Money Changes Everything: How Finance Made Civilization Possible, he explores the role money has played over the course of human history–and how it will shape the future.

In our conversation, we’ll explore the history of finance and where we’re at today. We dig into the actual function of finance and how today’s economy compares to others from the past. You’ll also hear why Will believes Ethereum could be more than just a typical blockchain technology and so much more.

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In this podcast interview, you’ll learn:

• Why Will thinks money is like a time machine.
• What so many people get wrong about the function of money or finance.
• Why people keep comparing our current economy to previous recessions and how today’s economy is different.
• Will’s advice for how to manage your emotions when reviewing your portfolio in a down economy.
• Why cryptocurrency isn’t necessarily a currency or a replacement for fiat currency per se–and why Will is excited about the potential of Ethereum in particular.

Show Notes: RetireWithPurpose.com/324

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