Join Greg as he sits down with the CFA Institute Research Foundation’s Director of Research Laurence “Larry” B. Siegel to discuss why investors have many reasons to be optimistic about the forward progression of society (and the economy). In this engaging episode, Larry talks about his new book, Richer, Greener, Fewer, offers a historical perspective on globalization and inflation, talks frankly about his endowment model debate versus Richard Ennis, and why investors should feel optimistic about the market. He also debunks several investment myths and shares his take on the ultimate investment strategy: buy, hold, and forget. This episode is one for the books that will leave listeners more knowledgeable and optimistic about the world we live in!
Chapters
0:00 - Intro
0:35 - Episode Overview
2:26 - Some background on Larry
5:41 - Larry's take on why society has improved in a historical sense
8:01 - Choosing optimism
10:36 - What it means to be Richer, Greener, Fewer
13:45 - The impact of de-globalization
16:05 - Unknown Knowns and Puzzles of Inflation, Money, and Debt
20:07 - Debunking unlimited debt
23:09 - Advice from history for weathering inflation
25:22 - An endowment model debate with Richard Ennis
28:53 - Reviewing Pinker's Rationality
31:53 - Larry's book recommendations
34:33 - Larry's interests and current projects