Episodes

  • EP 25: What I Learned This Week (with Kiril Sokoloff)

    EP 25: What I Learned This Week (with Kiril Sokoloff)
    Apr 22 2024
    For 40 years, Kiril Sokoloff, the founder of 13D Research & Strategy, has been picking some of the biggest turning points in financial markets. And, in 2001, he launched 'What I Learned This Week' – a must-read for anyone in the investment community. In this interview with Russell Napier, Kiril shares some of the insights he has gleaned across a long and successful career.

    •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
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    38 mins
  • EP 24: Investing in US Financial History (with Mark J Higgins)

    EP 24: Investing in US Financial History (with Mark J Higgins)
    Mar 22 2024
    Russell Napier and Mark J Higgins explore some of the lessons to be learned from Mark's latest book, Investing in US Financial History: Understanding the Past to Forecast the Future. The book opens with Alexander Hamilton’s financial programmes of 1790 and ends with the Federal Reserve’s battle with inflation in 2023 – and Russell welcomes the valuable way in which it fills a void in our understanding of American financial history.

    •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
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    46 mins
  • EP 23: Boom and Bust (with William Quinn & John D. Turner)

    EP 23: Boom and Bust (with William Quinn & John D. Turner)
    Feb 5 2024
    In an appetising taster of our Weekend of Mistakes at Hay Castle on 1-3 March 2024, Russell Napier is joined by the authors of Boom And Bust, William Quinn & John D. Turner, to discuss their fascinating global history of financial bubbles.

    William will also be joining Russell at Hay Castle for a session called The Madness Of Crowds.

    If you're accessing this podcast before 1 March 2024, there may still be tickets left for the Weekend of Mistakes. More info at https://www.haycastletrust.org/p-3525-weekend-of-mistakes-at-hay-castle.aspx

    •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
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    40 mins
  • EP 22: Humanomics (with Professor Deidre McCloskey)

    EP 22: Humanomics (with Professor Deidre McCloskey)
    Dec 19 2023
    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]
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    56 mins
  • EP 21: War and Gold (with Kwasi Kwarteng)

    EP 21: War and Gold (with Kwasi Kwarteng)
    Dec 1 2023
    Financial historian and former Chancellor of the Exchequer Kwasi Kwarteng discusses War And Gold, his 500-year review of 'empires, adventures and debt'. In conversation with Russell Napier, he also looks back on the fallout from the 'fiscal statement' of September 2022 and the power of the bond markets.

    (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)
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    40 mins
  • EP 20: The Market Mind Hypothesis (with Patrick Schotanus)

    EP 20: The Market Mind Hypothesis (with Patrick Schotanus)
    Nov 28 2023
    Welcome to a special, extended episode recorded live at the Library of Mistakes on 15 November 2023. Cognitive economist and investment 'pracademic' Patrick Schotanus discusses his important new book The Market Mind Hypothesis, with an introduction from Russell Napier. Drawing on the thinking of Adam Smith, The Market Mind Hypothesis touches on key issues in economics, investing, and cognitive science, leading to insights that can improve markets, make investing more sustainable, increase the effectiveness of public policy and benefit society.

    The two quotes that Patrick refers to in his talk are as follows:

    "Now the issue, as is plain, relates to the treatment of 'consciousness' in human beings. The essence is [economics'] iniststence that we ignore... the existence of conscousness... In oppositioon to this view, I propose... that we cannot treat human beings as... mechanisms, and that we do not want to do so even if it were possible."
    Frank Knight 1925

    The global behavor of the market... is reminiscent of... the emergence of consciousness."
    Didier Sornette 2003

    [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]
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    1 hr and 13 mins
  • EP 19: Behind the Balance Sheet (with Stephen Clapham)

    EP 19: Behind the Balance Sheet (with Stephen Clapham)
    Nov 6 2023
    Stephen Clapham joins Russell Napier to discuss the clues and warnings that are often hiding in plain sight within the pages of a company's accounts – and yet are all too often missed by investors and journalists. Steve is the author of The Smart Money Method, and the creator of the Behind The Balance Sheet podcast and the popular online training course of the same name. Join us for an entertaining and insightful conversation.
    Also, to find out more about Stephen's course, go to: www.behindthebalancesheet.com
    And remember that the Library of Mistakes also runs an outstanding course called the Practical History of Financial Markets. To find out more, go to: www.libraryofmistakes.com/course
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    40 mins
  • EP 18: The Millionaires' Factory (with Joyce Moullakis & Chris Wright)

    EP 18: The Millionaires' Factory (with Joyce Moullakis & Chris Wright)
    Oct 2 2023
    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.
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    42 mins