The Progress Machine with Larry Siegel of the CFA Institute Research Foundation

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

Disclosures

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This information is prepared for informational purposes only. It does not address specific investment objectives, or the financial situation and the particular needs of any person who may receive this presentation. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to make an offer, to buy or sell any securities.

The information herein was obtained from various sources. FEG does not guarantee the accuracy or completeness of such information provided by third parties. The information in this presentation is given as of the date indicated and believed to be reliable. FEG assumes no obligation to update this information, or to advise on further developments relating to it.