June 21, 2023

Elm News

John Y. Campbell on The Rational Reminder Podcast

It’s been a while since we last shared some thoughts on financial decision-making. The reason is that we’ve been busy finishing a book on that very topic, which should be in print by September – but we recently stumbled upon a terrific podcast interview of John Y. Campbell, a professor of finance at Harvard who has written two of our favorite books on finance and is one of the clearest communicators we know. We have learned a great deal from John over the years.

John touches on just about every important idea in investing and financial decision-making, from utility theory and risk aversion to the benefits and drawbacks of value investing. We hope you’ll listen through to the end, as we found the last few minutes particularly moving and memorable.

You can watch the video below:

You can also listen to the audio version via Spotify or Apple Podcasts, or read the full transcript on the Rational Reminder website.