Masters in Business

Morgan Housel, acclaimed author of "The Psychology of Money" and "The Art of Spending Money," dives into the nuances of spending wisely. He challenges the traditional focus on earning and investing by emphasizing the importance of intentional spending. Housel discusses the complex relationship between money and happiness, shedding light on how social media distorts our perception of wealth. He also explores the emotional journey of home buying and champions prioritizing peace of mind in spending for a richer, more fulfilling life.

David Altschuler, the Chief Scientific Officer at Vertex, dives into the pressing issue of sickle cell disease affecting 100,000 Americans. He discusses the company’s strategic focus on targeting this disease and the extensive R&D efforts behind it. The conversation touches on the social implications of sickle cell, particularly the challenges faced by African-American patients in accessing effective treatment. Insights on innovative therapies and the emotional toll on patients highlight the importance of compassionate care and the hope for improved patient outcomes.

John Montgomery, the President and CEO of Bridgeway Capital Management, shares his unique journey from engineering to finance, highlights his firm's dedication to philanthropy by donating half of profits to support war crime victims, and discusses the evolution and strategic advantages of ETFs in investment. He dives into the intricacies of factor-based investing, blending metrics for optimal returns, and emphasizes the importance of a long-term perspective in navigating market volatility. Montgomery also reflects on mentorship and cultural influences in finance.

Michael Lewis, bestselling author of 'Liar’s Poker' and 'Moneyball,' shares captivating stories from his illustrious career during a lively discussion. He recounts hilarious behind-the-scenes anecdotes from the 'Moneyball' film set with Brad Pitt. Lewis dives into his evolution as a writer and his latest project, 'Who is Government,' addressing the often-ignored roles of governmental entities. His unique storytelling approach stems from personal curiosity and experiences, reflecting on how they shape his narratives.

Karin Risi, a former executive at Vanguard with 27 years of experience, shares her insights on capital allocation and investment strategies. She discusses the evolution of ETFs and their vital role during market crises, emphasizing their liquidity benefits. Risi highlights Vanguard's commitment to low-cost investing and its influence on the finance industry. She reflects on her journey from art to finance, the importance of mentorship, and how increasing life expectancy impacts financial planning.

William Bernstein, founder of Efficient Frontier Advisors and author of influential investing books, shares his journey from neurologist to professional investor. He discusses the challenges of changing careers, emphasizing a balance between passion and financial security. Bernstein also reflects on rookie investing mistakes and the emotional aspects of financial decision-making. He highlights the unique mindset needed for successful long-term investing, especially for those transitioning from medicine, and humorously critiques conventional career advice.

Sander Gerber, CEO and CIO of Hudson Bay Capital, is a finance innovator known for developing the Gerber Statistic, which enhances risk management strategies. In the discussion, he dives into the vital role of ETFs in market liquidity and the evolving credit landscape affecting real estate investments. Gerber shares insights on blending philosophical perspectives with financial acumen, and highlights his adaptive investment strategies. He emphasizes the importance of fostering a collaborative corporate culture and the growing influence of AI in finance.

In this BONUS live edition of Masters in Business, Barry Ritholtz speaks with Harvey Schwartz. He's the CEO of the Carlyle Group. They talk about his New Jersey roots, how his mentors helped him grow on Wall Street and how geopolitics will play a critical role in investor fortunes.  They speak at the Future Proof Miami conference on March 18, 2025. See omnystudio.com/listener for privacy information.

Barry speaks with Jeffrey Becker, Chairman and CEO of Jennison Associates LLC. Prior to joining Jennison in 2016, Jeff served as the CEO of Voya Investment Management, formerly ING. He held various positions with ING including Vice Chairman, Chief Operating Officer, and Chief Financial Officer. He is a member of the Economic Club of New York and also serves as an Advisory Board member of Institutional Investor’s U.S. Institute. Additionally, he is Vice Chair of the AmeriCares Board of Directors, and Chair of the AmeriCares Free Clinics Board of Directors. On this episode, Barry and Jeff discuss his path through finance, managing risks in today's environment, and global trends and opportunities.See omnystudio.com/listener for privacy information.

Dive into the latest trends in the stock market! Discover why AT&T is celebrating strong earnings, Tesla's stock is on the rise despite mixed reports, and how Intel's job cuts are reflecting positively on its stock price. Plus, learn about SAP's remarkable profit growth. These insights reveal the dynamic movements shaping today's market landscape.