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Library of Mistakes

Latest episodes

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Dec 15, 2022 • 42min

Ep 12: The Wall Street Renegades who Changed Finance Forever (with Robin Wigglesworth)

Robin Wigglesworth, the FT journalist and author of Trillions, joins us from Oslo to discuss the revolutionists who invented index funds, and the consequent threats to capitalism posed by the spread of passive investing.For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.
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Nov 25, 2022 • 42min

Ep 11: The Myth of Capitalism (with Denise Hearn)

Wander into any small town in the US and you'll find "a Subway, a Bank of America and some private-equity-owned retail chain".Denise Hearn, co-author (with Jonathan Tepper) of The Myth of Capitalism (the Financial Times Book of the Year in 2018), explains how corporate monopolies are not only killing competition, choice and diversity, but weakening the economy. This thought-provoking interview with the influential Seattle-based writer and campaigner is well worth a listen.For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.
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Oct 21, 2022 • 39min

EP 10: The Wirecard Criminals (with Dan McCrum)

When FT investigative journalist Dan McCrum began challenging the financial model of so-called fintech pioneer Wirecard, he was threatened with criminal charges in Germany – and worse from the murky forces of the Russian underworld. Yet he persisted, demonstrating that Wirecard was a fraudulent operation that had hoodwinked auditors worldwide – and many others, including former German Chancellor Angela Merkel. Hear Russell Napier ask Dan about his extraordinary book Money Men, and how the hubristic forces behind Wirecard were doomed to fail.For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.
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Oct 3, 2022 • 44min

Ep 9: The Extraordinary Story of John Stonehouse (with Sir Philip Augar)

He was a Labour Cabinet Minister tipped to be a future Prime Minister – charming, handsome and apparently a passionate advocate for social justice. Yet John Stonehouse was also a spy who sold secrets to Czechoslovakia, a fraudster who propped up his supposedly altruistic bank with illegal transactions, and ultimately a criminal who successfully faked his own death – until he was mistaken for Lord Lucan!In this special podcast, recorded live in the Library of Mistakes on 27 September 2022, Sir Philip Augar reveals the John Stonehouse story as portrayed in Agent Twister, his recent book with Keely Winstone. A fascinating tale.For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.
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Sep 13, 2022 • 39min

Ep 8: Lex Greensill and the Pyramid of Lies (with Duncan Mavin)

How did Australian farmer Lex Greensill convince the likes of Credit Suisse and the Softbank Vision Fund that he was a highly investable fintech entrepreneur? Why was former UK Prime Minister David Cameron recruited as a lobbyist? And what caused Greensill's 'pioneering' chain finance model to collapse with the loss of billions of dollars? Join our host Russell Napier as investigative journalist Duncan Mavin reveals a tale of greed, deceit and incompetence.Duncan Mavin is the author of The Pyramid Of Lies: Lex Greensill and the Billion-Dollar Scandal, published by Pan Macmillan.For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.
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Jul 22, 2022 • 37min

Ep 7: The Price of Time (with Edward Chancellor)

Edward Chancellor, Author of 'The Price Of Time', discusses the functions of interest rates, misallocation of capital, heroes and dogmatism in finance, consequences of low interest rates such as rise of corporate monopolies, and the future of the market rate of interest and financial repression.
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Jun 14, 2022 • 48min

EP 6: Hard Times in the 21st Century (with Helen Thompson)

Disorder, a new book by the political economist Helen Thompson, has made waves with its depiction of the long history behind the world's current political challenges. Helen's view is that the disruption experienced in geopolitics, the world economy and western democracies has come together in one big surge of turbulence. It also suggests that, even as the world moves towards greener energy, the predicaments cause by our reliance on fossil fuels will not go away. It's a fascinating book and a lively discussion with Professor Russell Napier, who starts by asking Helen how she believes that the international capital flows of the very wealthy have impacted upon western democracy.This episode is a great listen for anyone interested in what really makes the world tick.For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.
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May 20, 2022 • 37min

Ep 5: The Economics of the Stock Market (with Andrew Smithers)

Andrew Smithers first dabbled in the stock market as a schoolboy in the 1950s, and grew into one of the most respected economics commentators of his generation. As well as running S G Warburg's asset management business (now part of Black Rock) for many years, he was a columnist for The Financial Times and has written several books. His latest – The Economics of the Stock Market – focuses on the difference between corporate net worth and market valuation, and the discrepancies between the theory and the practice.This episode is a must-listen for anyone interested in the markets, with the interview expertly conducted by Professor Russell Napier.[Note to listeners: Andrew's audio was recorded remotely on his home set-up and while not up to the usual sound quality of the series, we hope you are able to enjoy his observations.]For more information on the Advanced Valuation In Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.
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May 2, 2022 • 54min

Ep 4: Back from the Brink (with Lord Darling)

Lord Darling opens the new Library of Mistakes in Edinburgh, and explains to business journalist and author Ray Perman what it was like to be Chancellor of the Exchequer during the global financial crisis, as the UK banking system teetered on the edge of collapse. A highly entertaining listen for anyone interested in banking, politics and people.
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13 snips
Apr 25, 2022 • 53min

Ep 3: Adapting to the New Economic World Order (Hidden Forces v Russell Napier)

This is a special episode, republished by kind permission of the Hidden Forces podcast series, in which Demetri Kofinas interviews our very own Professor Russell Napier about how investors should prepare for the greatest economic and financial revolution in 100 years. A great listen, particularly for investment experts and enthusiasts.

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