Library of Mistakes

Tim Lee and Kevin Coldiron discuss the impact of carry trades on emerging markets, implementation of transaction taxes in Latin America, and the repercussions of central bank interventions on carry trading and future monetary policy.

Kiril Sokoloff, founder of 13D Research & Strategy, shares insights from his 40-year career and 'What I Learned This Week'. Topics include market evolution, rise of algorithms, gold in institutional portfolios, Costco's gold sales, emerging market dynamics, US dollar weaponization, and historical currency declines.

Explore the interconnectedness of the stock market with economy, money, credit, and security devices. Delve into financial crises involving Alexander Hamilton and central banking in US history. Examine the impact of the transition to the gold standard and the crisis of 1893 on American farmers. Learn about the evolution of financial regulations and professional fund management in the 1930s. Discover the unexpected success and downfall of Joseph Kennedy in regulating Wall Street.

Authors William Quinn & John D. Turner join the podcast to discuss financial bubbles, including the role of technology, government policies, and market speculation. They explore historical bubbles and the emergence of bubbles in various industries like cryptocurrency and electric vehicles.

Welcome to this special episode – a lecture by Professor Deirdre McCloskey recorded at the University of Edinburgh. With great humour and wisdom, Professor McCloskey discusses Humanomics, her attempt to eradicate (or at least reduce) the role of mathematics in economics. She also explores the Market Mind Hypothesis, a new approach to the understanding of the market, the mind and the rational economic man being developed here in Edinburgh at the Edinburgh Futures Institute.[The Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, go to: www.libraryofmistakes.com/course]

Financial historian Kwasi Kwarteng discusses the significance of fiscal policy in times of war, the revolution of Dutch finance, the role of money, debt, and protectionism, the creation of the Euro, wartime economics and the use of paper currency, and the impact of government bonds and the power of the bond market.

Cognitive economist Patrick Schotanus discusses his book 'The Market Mind Hypothesis' exploring flaws in economics and finance. He challenges the concept of the rational economic man and highlights the connection between markets and minds. The podcast delves into the role of consciousness and inter-subjectivity, explores the relationship between Adam Smith and cognitive economics, and discusses the impact of artificial intelligence on market operators.

Stephen Clapham, creator of Behind The Balance Sheet podcast, discusses clues in company accounts missed by investors and journalists. Topics include analyzing shareholder registers, mistakes in acquisitions, motivations behind deals, high margin red flags, and the value of education in investing.

Hear the authors of the Millionaires' Factory reveal the inside of story of how Macquarie Bank became a global giant – a fascinating tale which also reflects the profound changes to have taken place across the financial world since 1974. Joyce and Chris are interviewed by Russell Napier, Keeper of the Library of Mistakes, who explores how the story of this institution illuminates issues that affect us all.And remember, that if you’d like to learn more about the world of investment, the Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, simply visit www.libraryofmistakes.com/course.

Welcome to a special bonus episode, in which we hear a live talk from Simon Clark recorded at the Library of Mistakes on 20 September 2023. Together with Will Louch, Simon is co-author of The Key Man, a fascinating exposé of Arif Naqvi, the disgraced founder of the Dubai-based Abraaj Group. Naqvi was arrested in 2019 on charges of money laundering and misappropriating hundreds of millions of dollars, and is currently fighting extradition from the UK to the US.In this bumper episode running to over an hour, we also hear questions from our Keeper Russell Napier and members of the audience. As tends to happen with live events, there is a little extraneous noise picked up by the microphone but we hope you enjoy this extraordinary story.And remember, that if you’d like to learn more about the world of investment, the Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, simply visit www.libraryofmistakes.com/course.