Reading the books every investor should read, so you don’t have to. Host, Mike Hanson, Senior Vice President of Research at Fisher Investments (and chronic bibliophile) cuts through today’s information deluge with authors of some of the most influential books in their field. From artificial intelligence with Melanie Mitchell, to behavioral finance with Meir Statman; Mike breaks down complicated concepts that impact the choices investors’ make, to help every investor become a well-read investor.
This week we have Arnold Kling on the show to discuss his book The Three Languages of Politics: Talking Across the Political Divides. Now in its third edition, it’s a short little guide to navigating ideology and tribalism in today’s politics.
Politics is of tremendous importance to investors—it defines the rules by which we operate, individual and company alike. So we must pay attention to politics as it has meaningful impacts to entire economic systems let alone individual industries. But when it comes to how markets move we have to leave ideology at the door. Markets do well and poorly through time with Republicans and Democrats alike in power; favoring one side or the other leads to investing mistakes. What matters ultimately is what politicians do, not what they say. There’s always tons of talk about grand ideas and huge programs—but the truth is they rarely come to fruition in the way lofty rhetoric envisions on both sides. Even more, politics is a global issue for investors, not just a US one. So thinking critically about not just your own ideology, whatever that might be, but out the nature of these conflicts in general is of great usefulness.
Ok, we’re on Spring Break! We’ll take a couple weeks off and come back to you in May with more challenging and exciting authors to make you a well-read investor. Until then, we wish you a wonderful and healthy spring, and as always, may all your reading profit your mind and your money. Take care.
This week we’re discussing Leave Me Alone and I’ll Make You Rich: How the Bourgeois Deal Enriched the World, with authors and professors Deirdre McCloskey and Art Carden.
Since we started the podcast now more than a year ago, we’ve had esteemed guests from a variety of fields, but having Diedre McCloskey on is special. In my humble opinion, she’s one of the best living economic historians, and a tremendous writer whose led a fascinating life. The book we’re discussing today is an accessible, highly literary, and often humorous entry into her perspectives—a sort of cheat sheet version of her essential work she calls the Bourgeois Trilogy, a magisterial and highly literary set of three books aiming to explain human freedom as the driving catalyst for accelerating world prosperity in the era commencing with the Enlightenment, the industrial revolution, and beyond. And the addition of Professor Art Carden to this mix is also a treat—both are witty, amazingly well read, and forceful in their views, which can be at times controversial but always inviting of other perspectives.
And on that note, if you like what you’re hearing make sure to follow us on social media. We’re on Twitter @wellreadpod and Instagram at @wellreadinvestorpod or just google the Well Read Investor to see what I’m reading, reviewing, and talking about week in and out.
We spoke with comedy writing legend Gene Perret about how comedy works, and a lifetime spent writing jokes for the likes of Bob Hope, Carrol Burnet and Phyllus Diller, to name just a few. But he spent a significant portion of his career writing books and teaching about comedy as well. He’s on today to speak about his book, The New Comedy Writing Step by Step. Which is still considered by many to be a standard textbook for comedy writing. He’s earned three Emmy Awards for his work on The Carol Burnett Show. He wrote for Bob Hope from 1969 until the performer’s retirement, serving the last 15 years as his head writer. Gene’s television career includes producing Welcome Back, Kotter, Three’s Company, and The Tim Conway Show. The list goes on: Mama’s Family, All in the Family, Laugh-In, and many others.
If you like what you’re hearing make sure to follow us on social media. We’re on Twitter @wellreadpod and Instagram at @wellreadinvestorpod or just google the Well Read Investor to see what I’m reading, reviewing, and talking about week in and out.
Private Investigator and author Tyler Maroney, and host of the Well-Read Investor, Mike Hanson discuss what investors can learn from The Modern Detective.
Oscar nominated screenwriter Randall Wallace and host, Mike Hanson, discuss building the character to leads to a Braveheart Life.
William Goetzman, Edwin J. Beinecke Professor of Finance and Management Studies and Faculty Director of the International Center for Finance at the Yale School of Management, discusses his book, Money Changes Everything: How Finance Made Civilization Possible.
Host, Mike Hanson and Sr. VP at Fisher Investments Naj Srinivas on being Well-Read Investor