All Else Equal: Making Better Decisions podcast

All Else Equal: Making Better Decisions

Join Stanford GSB finance professor Jonathan Berk and Jules van Binsbergen of The Wharton School in a conversation with prominent business leaders about common flaws in the decision making process and what to do about them. Learn more at [AllElseEqualPodcast.com] (http://allelseequalpodcast.com) . All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM.] (https://university.fm/)

Join Stanford GSB finance professor Jonathan Berk and Jules van Binsbergen of The Wharton School in a conversation with prominent business leaders about common flaws in the decision making process and what to do about them. Learn more at [AllElseEqualPodcast.com] (http://allelseequalpodcast.com) . All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM.] (https://university.fm/)

 

#57

Rerun: Ep1 "Making a Business Decision" with Ruth Porat

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit! When the scientific method began to be applied widely hundreds of years ago, innovation bloomed. Today, those same principles inform business leaders who rely on data analysis to set and shape direction. In this episode of All Else Equal, professors Jonathan Berk and Jules van Binsbergen speak with Alphabet CFO Ruth Porat about how to — and how not to — use data to make decisions. “It’s too easy to just anchor on a set of numbers,” Porat says. “Most important is to look at the trends over time, then break it down to the sensitivity analysis — what are the key variables that will drive behavior one way or another? “Coming with just a flat set of data is not constructive because obviously the world in which we live is not static.” Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

21 Aug 2024

24 MINS

24:52

21 Aug 2024


#56

Rerun: Ep17 "Can the Free Market Discourage Fraud?" with Marc Cohodes

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit! There’s a negative connotation associated with short selling – the act of betting against a stock to perform well. But is this trading practice truly a bad thing? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen build the case for short selling as a dynamic regulating force in the free market. And an incentive for individuals to investigate and expose fraud. Later in the episode, Jonathan and Jules speak with Marc Cohodes, whose notable short-selling decisions have landed him in hot water with powerful figures all over the world. Cohodes has exposed a series of fraudulent practices – from mortgage lender Novastar to digital finance giant Wirecard, and most recently the cryptocurrency exchange FDX – and shares his view on the role of short sellers to step in where government regulation fails. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

07 Aug 2024

27 MINS

27:01

07 Aug 2024


#55

Rerun: Ep8 “Why Capitalism Works" with John Cochrane

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit! Competitive markets don’t produce the same level of prosperity for everyone. But economist John Cochrane thinks they give us something essential — incentives. In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk are joined by Cochrane, a prominent free-market economist and a senior fellow at the Hoover Institution at Stanford University. According to Cochrane, competition gives us the motivation to work, serve the needs of others, and innovate. A system with incentives, he says, “is the only one where we all don't end up worse.” Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

24 Jul 2024

31 MINS

31:58

24 Jul 2024


#54

Rerun: Ep7 Can Investors Effect Social Change?

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit! How can investors play a part in accomplishing social change? In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk explore what strategies are available to the social-minded investor. When it comes to what’s good for business and what’s good for society, van Binsbergen says, “People really would like to have it both ways.” But as he and Berk explain, it is unlikely that they can. [The Impact of Impact Investing] (https://www.gsb.stanford.edu/faculty-research/working-papers/impact-impact-investing) working paper referenced in this episode. Read more about [the pitfalls and promises of ESG] (https://www.gsb.stanford.edu/insights/promise-pitfalls-investing-change) on Stanford GSB's website. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

10 Jul 2024

25 MINS

25:49

10 Jul 2024


#53

Rerun: Ep6 "Can (and Should) Corporations Be Taxed?" with Larry Summers

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit! In this episode, hosts Jules van Binsbergen and Jonathan Berk discuss the complexities of the corporate income tax with former Treasury Secretary Larry Summers, who argues for retaining the tax. Summers explains why taxing corporations is one of the most effective tools the federal government has in making sure the wealthy pay their fair share. Might there be room for improvement? Yes, Summers says, but don’t abolish it. “Before we are critical of that tax, we better make awfully sure that we have a superior alternative.” Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

26 Jun 2024

27 MINS

27:37

26 Jun 2024


#52

Rerun: Ep4 "Making Bad Investments Profitable" with Pete Briger

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit! When it comes to investments, value sometimes resides in unlikely places. Pete Briger, CEO of Fortress Investment Group, specializes in buying bad debt and spinning it into gold. In this episode of All Else Equal, Briger, who dubs himself a “garbage collector,” describes how he makes decisions and why being prepared to act quickly and decisively is crucial for success. In a market bristling with competitors, “the competitive edge you get may be expressed in the context of days,” Briger says. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

13 Jun 2024

27 MINS

27:57

13 Jun 2024


#51

Ep46 "May Contain Lies" with Alex Edmans

What is the real problem with misinformation? Are our biases so ingrained in us that we are unable to think critically about the world and the systems around us? What happens when large institutions attempt to push a heterodox narrative? Do we simply need more education to overcome misinformation, or do we need something much deeper—to learn to think critically again? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Alex Edmans, Professor of Finance at London Business School to discuss his latest book, May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases – And What We Can Do About It. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

30 May 2024

29 MINS

29:04

30 May 2024


#50

Ep45 “The Future of Higher Education Part 2” with Niall Ferguson

What are the unseen costs of administrative bureaucracy and an ideology that favors victimhood over scholarly debate? What caused the ideological shift from classical liberalism to the illiberal leanings that now permeate universities, and what does it mean for the future of intellectual innovation and freedom? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Niall Ferguson, the Millbank Family Senior Fellow at the Hoover Institution at Stanford University and a Senior Faculty Fellow at the Belfer Center for Science and International Affairs at Harvard University, for a discussion of Niall’s solution to the current problems – a new university. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

15 May 2024

30 MINS

30:19

15 May 2024


#49

Ep44 “The Future of Higher Education Part 1” with Carmen Twillie Ambar and Kimberly Wright Cassidy

Should universities be primarily research and teaching institutions or should they have broader social responsibilities to today’s youth? How are institutions navigating the delicate dance of institutional neutrality among very hot-button and controversial issues? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Carmen Twillie Ambar, President of Oberlin College, and Kimberly Wright Cassidy, President of Bryn Mawr College, to discuss the shape, motivations, and responsibilities of Higher Education today and also going forward. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

09 May 2024

30 MINS

30:31

09 May 2024


#48

Ep43 Examining Bad Investment Advice

Is Suze Orman giving out bad investment advice? Should you ever not refinance rates drop? Is dilution of stock a bad thing for the early stockholders? Should you dollar cost average? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen evaluate three pieces of widely given investing advice and drill down for why each one is actually bad investment advice. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

17 Apr 2024

22 MINS

22:56

17 Apr 2024


#47

Ep42 Waiting to Invest

What could be the reason to delay investing in an option that will make you money? How do your investment opportunities expand when you make that choice? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the concept of real options in finance, focusing particularly on investment decision-making. They also address the challenge of valuing growth options in uncertain investment environments, emphasizing the importance of flexibility and the potential to create value through well-timed information and decisions. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

03 Apr 2024

25 MINS

25:43

03 Apr 2024


#46

Ep41 “Understanding the SEC's New Climate Disclosure Rules” with Lawrence Cunningham

Why should climate risk be singled out for mandatory disclosure by the SEC, and how does this change the investment landscape? Can climate disclosure legislation walk the fine line between transparency and information overload? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Lawrence Cunningham, Research Professor of Law Emeritus at GW Law and special counsel with Mayer Brown LLP, to explore the arguments for and against the Securities and Exchange Commission (SEC) mandating climate risk disclosures for companies. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

13 Mar 2024

26 MINS

26:37

13 Mar 2024


#45

Navigating Workplace Power Dynamics with Deborah H. Gruenfeld feat. ‘If/Then’ Podcast

Today, we’re sharing a special episode from If/Then, the new podcast from our friends at Stanford Graduate School of Business. If/Then is made for curious people looking for answers to challenging questions, featuring experts and thought leaders engaged in cutting-edge research on topics like AI, immigration, sustainability, and power - all framed around an if/then statement that captures the guest’s incisive, sometimes surprising, takeaways. Like this episode, where Stanford Professor of Organizational Behavior Dr. Deborah Gruenfeld answers the question, “If we want to change power systems, then we need to understand the animal forces that drive our behavior.” Listen to more episodes of If/Then and follow the podcast:<a href="https://link.chtbl.com/uZ_Oqv_c?sid=gravy" rel="noopener noreferrer" target="_blank"></a> [https://link.chtbl.com/cjXV4SRE?sid=AEE] (https://link.chtbl.com/cjXV4SRE?sid=AEE) Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

04 Mar 2024

28 MINS

28:35

04 Mar 2024


#44

Ep40 “Why the Private Debt Markets Have Exploded” with Laurence Gottlieb

There has been a rising trend in the importance of private debt as a way of financing companies. But what are the differences between private debt and public debt? Why is it increasing in popularity? What advantages does it offer over traditional banking models? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Laurence Gottlieb, Chief Executive Officer and Co-Founder of Fundamental Advisors LP, for a discussion about why the private debt markets have exploded. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

28 Feb 2024

27 MINS

27:57

28 Feb 2024


#43

Ep39 “Why Does the Non-Profit Model Work?” with Daniel Diermeier

Without a residual claimant, who sets the agenda of a non-profit organization like a university? Who makes sure that the organization follows that agenda rather than serving the interests of the administrators running the organization? Who are the stakeholders in a non-profit organization, and how does the organization prioritize their competing interests. In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Daniel Diermeier, Chancellor of Vanderbilt University, for a discussion about Non-Profit Organizations, and some key ways in which they operate differently and are able, in some instances to achieve better results than For Profit Organizations. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

14 Feb 2024

28 MINS

28:56

14 Feb 2024


#42

Ep38 "The Power of Non-Monetary Incentives: Lessons from the Military" with Lt. Gen. Thomas Bostick

Picture a workforce driven not by the promise of a paycheck, but by a shared sense of purpose and the thrill of contributing to something greater than themselves. How can you can ignite a passion in a team that money simply can't buy. In this episode, based on a question from a listener, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Lieutenant General Thomas Bostick, was the 53rd Chief of Engineers of the United States Army and Commanding General of the U.S. Army Corps of Engineers, for a discussion about Non-Monetary Incentives, and how they function in the military. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

31 Jan 2024

24 MINS

24:59

31 Jan 2024


#41

Ep37 Five Common Finance Mistakes

Today, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss five common mistakes financial decision-makers often make. There is much misinformation and bad advice in financial markets. In this episode, Jonathan and Jules discuss strategies for avoiding bad advice and making better decisions. Submit your questions to the show here: [https://bit.ly/AllElseEqual] (https://bit.ly/AllElseEqual) Find All Else Equal on the web: [https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions] (https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions) All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by [University FM] (https://university.fm/) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

17 Jan 2024

29 MINS

29:47

17 Jan 2024