Robin Wigglesworth, Head of the FT's Alphaville blog, dives into the astonishing findings of Professor Hendrik Bessembinder's research on stock market performance. Discover how one stock boasted a staggering 265,528,900 percent return, while others like Kansas City Southern showcased historic wealth compounding. The hosts discuss the contrasting capital intensity of railways versus today's tech giants, and debate the merits of active stock picking versus passive investing. Get insights into enduring stocks and the quirky world of niche financial products!

Robin Wigglesworth, a Financial Times columnist and author of 'Trillions,' dives into the legacy of index investing, paying tribute to pioneer Mac McQuown. He shares insights on the evolution of index funds and the impact of key figures like Jack Bogle. The discussion highlights the recent Fed rate cuts and the S&P 500's rise to 6,000, alongside market resilience amid speculation around cryptocurrencies and tech IPOs. Wigglesworth also explores Elon Musk's complicated acquisition of Twitter, emphasizing the need for cautious investing in turbulent times.

Author Robin Wigglesworth joins the podcast to discuss quantitative investing, the private credit trend, and the Canada Pension Plan. They explore the quant winter, value stocks, factor investing, and the history of the bond market. They also provide insights into the benefits and criticisms of the Canada Pension Plan and discuss annuities. The hosts share their upcoming paper, talk about podcast success, financial literacy, and recommend movies and books. They conclude with positive reviews and a discussion on dividend investing.

Robin Wigglesworth, an expert on government debt, discusses Jamaica's remarkable turnaround from a staggering 140% debt-to-GDP ratio to halving its debt in just seven years. He highlights how political cooperation and fiscal discipline were vital in this process, allowing Jamaica to maintain significant primary surpluses. Wigglesworth also explores lessons for larger economies, and the need for growth-oriented solutions that balance debt management with middle-class welfare. The conversation paints a hopeful picture of Jamaica's potential economic future.

Robin Wigglesworth, Alphaville editor at the Financial Times, dives deep into synthetic risk transfers (SRTs), a hot new trend in finance. He discusses how these innovations promise attractive returns but raise concerns reminiscent of past financial crises. With the IMF sounding alarms, Wigglesworth highlights the rapid growth and potential risks of SRTs, especially regarding the quality of loans banks are offloading. He emphasizes the need for transparency and the lessons financial history offers to navigate these new challenges.

Join Robin Wigglesworth, a contributor from FT Alphaville, and Hendrik Bessembinder, a renowned professor known for his extensive stock research, as they delve into the staggering results of Bessembinder’s analysis of top-performing stocks over the last century. Discover how one stock achieved an unbelievable 265,528,900% return. They also explore the power of compounding, the challenges facing traditional versus tech industries, the debate between passive and active investing, and the quirks of leveraged ETFs in today’s market.

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

Robin Wigglesworth, editor of FT Alphaville and author of a book on index funds, delves into the world of bond market volatility and its implications. He discusses the recent turbulence in U.S. Treasury yields and how bonds serve as indicators of systemic risks. The conversation highlights the disparity between U.S. and European markets, particularly in the context of potential political changes, and raises concerns over inflation and private credit. Optimism surfaces in Europe and Japan, hinting at shifting financial landscapes despite historic challenges.

Robin Wigglesworth, a financial journalist based in Oslo, dives into the rise of algorithmic trading firms like Citadel, XTX, and Jane Street. He reveals how these firms have taken over trading in equities, currencies, and bonds, historically dominated by banks. Discussions circle around the significant impact of technology on finance, regulatory changes post-2008, and the unique dynamics within these firms. Wigglesworth also touches on the elusive nature of finance leaders in media and brings some light-heartedness with a pub quiz segment.

Finance trivia showdown between teams from Alphaville and Unhedged newsletters. Topics include orange juice futures, age comparison, guessing the number of stocks in the S&P 500, a pub quiz showdown answering questions about government debt and the Bank of Japan's intervention, and guessing the price of Dogecoin.