BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Fordham Now - ECPv6.5.1.4//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:Fordham Now X-ORIGINAL-URL:https://now.fordham.edu X-WR-CALDESC:Events for Fordham Now REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/New_York BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20230312T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20231105T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/New_York:20230615T120000 DTEND;TZID=America/New_York:20230615T130000 DTSTAMP:20250315T001052 CREATED:20230515T183607Z LAST-MODIFIED:20230515T183607Z UID:10005123-1686830400-1686834000@now.fordham.edu SUMMARY:Financial Issues Forum: Edward Chancellor on The Price of Time: The Real Story of Interest DESCRIPTION:In the beginning\, there was the loan\, and the loan carried interest. For at least five millennia\, people have been borrowing and lending at interest. The practice wasn’t always popular: In the ancient world\, usury was generally viewed as exploitative\, a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onward\, denunciations of interest were tempered because interest was a necessary reward for lenders who parted with their capital. And interest performs many other vital functions: It encourages people to save; enables them to place a value on precious assets\, such as houses and other financial securities; and allows us to price risk. \nOver the first two decades of the 21st century\, interest rates have sunk lower than ever before. Easy money after the global financial crisis in 2007–2008 has produced several ill effects\, including multiple asset price bubbles\, a reduction in productivity growth\, discouraging savings and exacerbated inequality\, and forcing yield-starved investors to take on excessive risk. The financial world now finds itself caught between a rock and a hard place\, and Edward Chancellor is here to tell us why. In The Price of Time\, he explores the history of interest and its essential function in determining how capital is allocated and priced. \nAbout the Speaker\nEdward Chancellor is the author of The Price of Time and Devil Take the Hindmost: A History of Financial Speculation\, a New York Times Notable Book of the Year. He also writes the specialist report Crunch-Time for Credit?\, a prescient analysis of the credit boom in the U.S. and the U.K. In addition\, Chancellor has edited two investment books\, Capital Account and Capital Returns. An award-winning financial journalist\, he is currently a columnist for Reuters Breakingviews and has contributed to many other publications\, including the Wall Street Journal\, MoneyWeek\, New York Review of Books\, and Financial Times. URL:https://now.fordham.edu/event/financial-issues-forum-edward-chancellor-on-the-price-of-time-the-real-story-of-interest/ LOCATION:Zoom CATEGORIES:Lectures ORGANIZER;CN="Malika Gogia":MAILTO:mgogia1@fordham.edu END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20230517T120000 DTEND;TZID=America/New_York:20230517T130000 DTSTAMP:20250315T001052 CREATED:20230411T194325Z LAST-MODIFIED:20230411T194325Z UID:10005090-1684324800-1684328400@now.fordham.edu SUMMARY:Financial Issues Forum: Pulak Prasad on What I Learned About Investing from Darwin DESCRIPTION:The investment profession is in a state of crisis. The vast majority of equity fund managers are unable to beat the market over the long term\, which has led to massive outflows from active funds to passive funds. Where should investors turn in search of a new approach? \nPulak Prasad offers a philosophy of patient\, long-term investing based on an unexpected source: evolutionary biology. He draws key lessons from core Darwinian concepts\, mixing vivid examples from the natural world with compelling stories of good and bad investing decisions—including his own. How can Bumblebees’ survival strategies help us accept that we might miss out on Tesla? What does an experiment in breeding tame foxes reveal about the traits of successful businesses? Why might a small frog’s mimicry of the croak of a larger rival shed light on the signs of corporate dishonesty? \nInformed by successful evolutionary strategies\, Prasad outlines his counterintuitive principles for long-term gain. He provides three mantras for investing: Avoid big risks\, buy high quality at a fair price\, and don’t be lazy—be very lazy. Prasad makes a persuasive case for a strategy that rules out the vast majority of investment opportunities and advocates permanently owning high-quality businesses. \nCombining punchy prose and practical insight\, What I Learned About Investing from Darwin reveals why evolutionary biology can help fund managers become better at their craft. \nAbout the Speaker\nPulak Prasad is the author of What I Learned About Investing from Darwin (Columbia Business School Publishing\, May 2023). He is the founder of Nalanda Capital\, a Singapore-based firm that invests in listed Indian equities and manages about $5 billion. He was previously the co-head of India for Warburg Pincus\, a global private equity firm\, and worked at the management consulting firm McKinsey for several years. URL:https://now.fordham.edu/event/financial-issues-forum-pulak-prasad-on-what-i-learned-about-investing-from-darwin/ LOCATION:Virtual CATEGORIES:Lectures ORGANIZER;CN="Malika Gogia":MAILTO:mgogia1@fordham.edu END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20230427T120000 DTEND;TZID=America/New_York:20230427T130000 DTSTAMP:20250315T001052 CREATED:20230324T180116Z LAST-MODIFIED:20230324T180116Z UID:10005041-1682596800-1682600400@now.fordham.edu SUMMARY:Financial Issues Forum Presents Dror Goldberg on Easy Money: American Puritans and the Invention of Modern Currency DESCRIPTION:Economists endlessly debate the nature of legal tender monetary systems—coins and bills issued by a government or other authority—yet the origins of these currencies have received little attention. Dror Goldberg tells the story of modern money in North America through the Massachusetts colony during the 17th century. As the young settlement transitioned to self-governance and its economy grew\, the need to formalize a smooth exchange emerged. Printing local money followed. \nEasy Money illustrates how colonists invented contemporary currency by shifting its foundation from intrinsically valuable goods—such as silver—to the taxation of the state. Goldberg traces how this structure grew into a worldwide system in which\, monetarily\, we are all Massachusetts. Weaving economics\, law\, and American history\, Easy Money is a new touchstone in the story of monetary systems. \nJoin us to hear from Goldberg\, in conversation with Richard Sylla. \nAbout the Speakers\nDror Goldberg is a senior faculty member in the Department of Management and Economics at the Open University of Israel. He holds a Ph.D. in economics from the University of Rochester and a law degree from Tel Aviv University. Goldberg studies the theory\, history\, and law of money\, especially of legal tender currency. His work was published in the Journal of Economic History\, the Journal of Monetary Economics\, Economic Theory\, and the Journal of Money\, Credit\, and Banking\, among others. He is the author of Easy Money: American Puritans and the Invention of Modern Currency\, published by the University of Chicago Press in March. Goldberg worked at Texas A&M University and spent a sabbatical in the Department of Economics at NYU as a guest of professor Richard Sylla. \nRichard Sylla is a professor emeritus of economics and the former Henry Kaufman Professor of the History of Financial Institutions and Markets at the NYU Stern School of Business. He is the author or co-author of several books\, including Alexander Hamilton on Finance\, Credit\, and Debt\, Alexander Hamilton: The Illustrated Biography\, and Genealogy of American Finance. He was chairman of the Museum of American Finance from 2010 to 2020. \nRegistration is required. URL:https://now.fordham.edu/event/financial-issues-forum-presents-dror-goldberg-on-easy-money-american-puritans-and-the-invention-of-modern-currency/ LOCATION:Virtual CATEGORIES:Lectures ORGANIZER;CN="Malika Gogia":MAILTO:mgogia1@fordham.edu END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20230404T120000 DTEND;TZID=America/New_York:20230404T130000 DTSTAMP:20250315T001052 CREATED:20230324T171059Z LAST-MODIFIED:20230324T171059Z UID:10005039-1680609600-1680613200@now.fordham.edu SUMMARY:Financial Issues Forum Presents Avi Goldfarb on Power and Prediction: The Disruptive Economics of Artificial Intelligence DESCRIPTION:Artificial intelligence (AI) has impacted many industries around the world: banking and finance\, pharmaceuticals\, automotive\, medical technology\, manufacturing\, and retail. But it has only just begun its odyssey toward cheaper\, better\, and faster predictions that drive strategic business decisions. When a prediction is taken to the max\, industries transform\, and with such transformation comes disruption. \nWhat is at the root of this? In their bestselling first book\, Prediction Machines\, eminent economists Ajay Agrawal\, Joshua Gans\, and Avi Goldfarb explain the simple yet game-changing economics of AI. Now\, in Power and Prediction\, they go deeper\, examining the most basic unit of analysis: the decision. The authors explain that the two key decision-making ingredients are prediction and judgment\, and we perform both together in our minds\, often without realizing it. The rise of AI is shifting prediction from humans to machines\, relieving people from this cognitive load while increasing the speed and accuracy of decisions. \nThis sets the stage for a flourishing of new decisions and has profound implications for system-level innovation. Redesigning systems of interdependent decisions takes time—many industries are in the quiet before the storm—but when these new systems emerge\, they can be disruptive on a global scale. Decision-making confers power. In industry\, power confers profits; in society\, power confers control. This process will have winners and losers\, and the authors show how businesses can leverage opportunities\, as well as protect their positions. \nAbout the Speaker\nAvi Goldfarb is the Rotman Chair in Artificial Intelligence and Healthcare and a professor of marketing at the Rotman School of Management\, University of Toronto. Goldfarb is also the chief data scientist at the Creative Destruction Lab\, a faculty affiliate at the Vector Institute and the Schwartz-Reisman Institute for Technology and Society\, and a research associate at the National Bureau of Economic Research. Goldfarb’s research focuses on the economic effects of information technology. Along with Ajay Agrawal and Joshua Gans\, Goldfarb is the author of the Globe and Mail bestselling book Prediction Machines: The Simple Economics of Artificial Intelligence. His latest book\, Power and Prediction\, was published in November 2022 by Harvard Business Review Press. He has published academic articles in marketing\, statistics\, law\, management\, medicine\, political science\, refugee studies\, physics\, computing\, and economics. Goldfarb is a former senior editor at Marketing Science. His work on online advertising won the INFORMS Society of Marketing Science Long Term Impact Award\, and he testified before the U.S. Senate Judiciary Committee on related work in competition and privacy in digital advertising. Goldfarb received his Ph.D. in economics from Northwestern University. \nRegistration is required. URL:https://now.fordham.edu/event/financial-issues-forum-presents-avi-goldfarb-on-power-and-prediction-the-disruptive-economics-of-artificial-intelligence/ LOCATION:Virtual CATEGORIES:Lectures ORGANIZER;CN="Malika Gogia":MAILTO:mgogia1@fordham.edu END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20230302T120000 DTEND;TZID=America/New_York:20230302T130000 DTSTAMP:20250315T001052 CREATED:20230202T211054Z LAST-MODIFIED:20230202T211054Z UID:10004960-1677758400-1677762000@now.fordham.edu SUMMARY:Financial Forum Issues: Sebastian Mallaby on The Power Law: Venture Capital and the Making of the New Future DESCRIPTION:Innovations rarely come from “experts.” When it comes to improbable innovations\, a legendary tech venture capitalist told Sebastian Mallaby\, the future cannot be predicted\, it can only be discovered. It is the nature of the venture-capital game that most attempts at discovery fail; very few succeed\, and on such a scale that they more than make up for everything else. That extreme ratio of success and failure is the power law that drives the VC business\, all of Silicon Valley\, the wider tech sector\, and\, by extension\, the world. \nIn The Power Law\, Sebastian Mallaby has parlayed unprecedented access to the most celebrated venture capitalists of all time—the key figures at Sequoia\, Kleiner Perkins\, Accel\, Benchmark\, and Andreessen Horowitz\, as well as such Chinese partnerships as Qiming and Capital Today—into a riveting blend of storytelling and analysis that unfurls the history of tech incubation\, in the valley and ultimately worldwide. We learn the unvarnished truth\, often for the first time\, about some of the most iconic triumphs and infamous disasters in valley history\, from the comedy of errors at the birth of Apple to the avalanche of venture money that fostered hubris at WeWork and Uber. \nAgenda \n12 p.m.: Welcome Remarks: James Kelly\, director\, Gabelli Center for Global Security Analysis OR Sris Chatterjee\, chair\, Gabelli Center for Global Security Analysis \n12:03 p.m.: Speaker Introduction: David Cowen\, president and CEO\, Museum of American Finance \n12:08: p.m.: Presentation: Sebastian Mallaby \n12:45 p.m.: Audience Q&A \n1 p.m.: Closing Remarks: David Cowen \nAbout the Speaker\nSebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. An experienced journalist and public speaker\, Mallaby contributes to a variety of publications\, including Foreign Affairs\, the Atlantic\, the Washington Post\, and the Financial Times\, where he spent two years as a contributing editor. He is the author of five books\, most recently The Power Law: Venture Capital and the Making of the New Future. \nMallaby’s interests cover a wide variety of domestic and international issues\, including central banks\, financial markets\, the implications of the rise of newly emerging powers\, and the intersection of economics and international relations. His previous book\, The Man Who Knew: The Life & Times of Alan Greenspan\, was the winner of the 2016 Financial Times/McKinsey Business Book of the Year Award and the 2017 George S. Eccles Prize in economic writing. More Money Than God: Hedge Funds and the Making of a New Elite was the recipient of the 2011 Loeb Prize and a New York Times bestseller. \nAdvance registration is required. The first 100 guests to register will receive a complimentary e-copy of the book. This event is co-sponsored with the CFA Society New York\, the Gabelli Center for Global Security Analysis\, and the Museum of American Finance. URL:https://now.fordham.edu/event/financial-forum-issues-presents-sebastian-mallaby-on-the-power-law-venture-capital-and-the-making-of-the-new-future/ LOCATION:Virtual CATEGORIES:Lectures ORGANIZER;CN="Malika Gogia":MAILTO:mgogia1@fordham.edu END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20230223T170000 DTEND;TZID=America/New_York:20230223T180000 DTSTAMP:20250315T001052 CREATED:20230203T172609Z LAST-MODIFIED:20230203T172609Z UID:10004961-1677171600-1677175200@now.fordham.edu SUMMARY:Financial Issues Forum: J .Bradford DeLong on Slouching Towards Utopia an Economic History of the 20th Century DESCRIPTION:Before 1870\, much of humanity lived in dire poverty\, with a slow crawl of invention offset by a growing population. Then came a great shift: Invention sprinted forward\, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we’d use such powers to build a utopia. But it was not so. Instead\, when the period between 1870 and 2010 ended\, the world saw climate change; economic depression\, uncertainty\, and inequality; and broad rejection of the status quo. \nEconomist Brad DeLong’s Slouching Towards Utopia tells the story of how this unprecedented explosion of material wealth occurred\, how it transformed the globe\, and why it failed to deliver us to utopia. Of remarkable breadth and ambition\, it reveals the last century to have been less a march of progress than a slouch in the right direction. \nThis event is co-sponsored with the CFA Society New York and the Museum of American Finance. URL:https://now.fordham.edu/event/financial-issues-forum-j-bradford-delong-on-slouching-towards-utopia-an-economic-history-of-the-20th-century/ LOCATION:Zoom CATEGORIES:Lectures ORGANIZER;CN="Malika Gogia":MAILTO:mgogia1@fordham.edu END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20230215T120000 DTEND;TZID=America/New_York:20230215T130000 DTSTAMP:20250315T001052 CREATED:20230130T151941Z LAST-MODIFIED:20230130T151941Z UID:10004955-1676462400-1676466000@now.fordham.edu SUMMARY:Financial Issues Forum: Alan Blinder on A Monetary and Fiscal History of the United States\, 1961–2021 DESCRIPTION:Join us for a virtual event with Alan Blinder\, one of the world’s most influential economists\, as he discusses his latest book\, in conversation with renowned economic historian and former Museum of American Finance chairman Richard Sylla. In A Monetary and Fiscal History of the United States\, 1961–2021\, Blinder draws on his deep firsthand experience to provide an authoritative account of 60 years of monetary and fiscal policy in the United States. Spanning 12 presidents\, from John F. Kennedy to Joe Biden\, and eight Federal Reserve chairs\, from William McChesney Martin to Jerome Powell\, this is an insider’s story of macroeconomic policy that hasn’t been told before. \nFocusing on the most significant developments and long-term changes\, Blinder traces the highs and lows of monetary and fiscal policy\, which have cooperated and clashed through recessions and several long booms over the past six decades. From the fiscal policy of Kennedy’s New Frontier to Biden’s responses to the pandemic\, the book takes readers through the stagflation of the 1970s\, the conquest of inflation under Jimmy Carter and Paul Volcker\, the rise of Reaganomics\, and the bubbles of the 2000s before bringing the story up through recent events―including the financial crisis\, the Great Recession\, and monetary policy during COVID-19. \nAbout the Speakers\nAlan Blinder is a professor of economics and public affairs at Princeton University and a regular columnist for the Wall Street Journal. He served as a member of President Bill Clinton’s original Council of Economic Advisers and then as vice chair of the Board of Governors of the Federal Reserve System from 1993 to 1996. Blinder has written scores of scholarly articles and authored or co-authored 21 books\, including bestsellers After the Music Stopped (2013) and Advice and Dissent (2018). \nRichard Sylla is a professor emeritus of economics and the former Henry Kaufman Professor of the History of Financial Institutions and Markets at the NYU Stern School of Business. He is the author or co-author of several books\, including Alexander Hamilton on Finance\, Credit\, and Debt; Alexander Hamilton: The Illustrated Biography; and Genealogy of American Finance. He was chairman of the Museum of American Finance from 2010 to 2020. \nAdvance registration is required. URL:https://now.fordham.edu/event/financial-issues-forum-alan-blinder-on-a-monetary-and-fiscal-history-of-the-united-states-1961-2021/ LOCATION:Zoom CATEGORIES:Lectures ORGANIZER;CN="Malika Gogia":MAILTO:mgogia1@fordham.edu END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20230131T170000 DTEND;TZID=America/New_York:20230131T180000 DTSTAMP:20250315T001052 CREATED:20221222T175553Z LAST-MODIFIED:20221222T175553Z UID:10004911-1675184400-1675188000@now.fordham.edu SUMMARY:Financial Issues Forum: The Enduring Value of Roger Murray DESCRIPTION:Join us for a special event featuring Paul Johnson and Paul Sonkin on their new book\, The Enduring Value of Roger Murray (Columbia Business School Press). \nThe event will feature a fireside chat-style conversation between the book authors\, noted investor and hedge fund manager Leon Cooperman (joining virtually)\, and Fordham’s own Mario Gabelli\, GABELLI ’65\, who studied under Roger Murray as a graduate student. URL:https://now.fordham.edu/event/financial-issues-forum-the-enduring-value-of-roger-murray/ LOCATION:McNally Amphitheatre\, 140 West 62nd Street\, New York\, NY\, 10023\, United States CATEGORIES:Lectures ORGANIZER;CN="Malika Gogia":MAILTO:mgogia1@fordham.edu GEO:40.7713958;-73.9844894 X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=McNally Amphitheatre 140 West 62nd Street New York NY 10023 United States;X-APPLE-RADIUS=500;X-TITLE=140 West 62nd Street:geo:-73.9844894,40.7713958 END:VEVENT END:VCALENDAR