• How Do Investment Banks Make Money?

    This video explains how Goldman Sachs made money back in 2010. Several financial issues are raised here: 1. What is the goal of the firm? What is the goal of an investment banking firm like Goldman Sachs? 2. What does it mean for Goldman Sachs to...
  • Nobel Laureate Richard Thaler on Nudges, Shoves, and Risk Management

    Richard Thaler is the winner of the 2017 Nobel Prize in Economics. From the NY Times (Oct 9, 2017): Richard H. Thaler, whose work has persuaded many economists to pay more attention to human behavior, and many governments to pay more attention to...
  • What Makes Markets Tick: The Rules of Adam Smith

    This Financial Times video reviews the rules of Adam Smith and what makes markets successful Rule #1. Markets work best when as many people as possible are involved Rule #2. Markets are most efficient when prices are transparent to many participants...
  • Credit Cards and College Students

    Credit card companies used to find new clients by advertising on college campuses. But the rules have changed: From US News & World Report : Banks have long feasted on unsuspecting young adults by offering them t-shirts, food, and other “free”...
  • Alternative Financial Services

    Banks aren't the only financial institutions that offer financial services. If you want to borrow money, you can use a rent-to-own store or a pawn shop. If you want to cash a check, you can use some store cashiers or a check cashing store. Each...
  • The Wal-Mart Financial Picture

    When we determine the value of a share of stock, we need to consider the ability of the firm to generate positive cash flow. Consider Wal-Mart, for example. The stock is currently trading at a price of 86.62 per share and the trend over the last five...
  • How To Predict The Next Financial Crisis?

    Have we learned anything from the last 10 years? How can we protect ourselves from the next financial bubble? This Financial Times video points out a few rules of thumb to predict the next banking crisis: For discussion: What "myths" does...
  • More On High-Frequency Trading

    Computer programs play an important role in the trading of stocks. In particular, the high-frequency trading (HFT) that is driven by computer algorithms that enter trades as lightning speed account for 50 percent of all trading. This activity is controversial...
  • How FINRA Spots Market Manipulation

    Market manipulation can happen in two ways: 1. Information-based manipulation 2. Transaction-based manipulation In information-based manipulation, the unethical behavior involves spreading false, exaggerated, or misleading information about a...
  • The Equifax Hack

    Equifax, the credit reporting agency, reported that millions of customers' personal financial data had been hacked. From NPR, here are six steps you can take to protect yourself: Find out if your information may have been exposed. You can do this...
  • Beware of Financial Fraud

    This video explains how anyone can be swindled. Fraud victims are not exclusively elderly widows--rather, they include doctors, lawyers, educated, and uneducated alike. For discussion: 1. What are some common financial frauds? 2. What are some warning...
  • The State of Cybersecurity

    From a recent Forbes article : Is the cybersecurity industry keeping up with cybercrime? Absolutely not. Cyberwarfare is at an all-time high, and cybersecurity is just unable—unequipped—to keep up. We’re seeing a convergence of three...
  • Imagine a World Without Cash

    Can you imagine a world without cash? It's not hard. Already, we rely on our debit cards, credit cards, PayPal and other forms of electronic payments. You can probably go days, weeks, maybe even months without using any cash at all. Today, governments...
  • Financial Institution Face Bank Crime

    Bank crimes have been the inspiration for many movies over the years. Everyone loves a good heist film, but bank fraud is serious business and comes at significant cost to financial institutions. This infographic shows that most bank crime affects commercial...
  • Fixing Wall Street's Image

    In this interview with Morgan Stanley CEO, James Gorman, he explains why he believes that Wall Street continues to suffer from an image problem. In particular, Wall Street's involvement in financial crises of the recent past have soured the public...
  • The Image of Wall Street

    "It's hard to love money unless you have it." In this video interview with Morgan Stanley CEO, James Gorman, explains why there is a problem with the image of Wall Street. For discussion: In your opinion, what is the average citizen's...
  • Muriel Siebert: The First Woman to Own a Seat on the NYSE

    Muriel Siebert is the "Woman who kicked down Wall Street's doors." From the Time article: On her first trip away from her home in Ohio, in the early 1950s, a teenaged Muriel Siebert visited the New York Stock Exchange. Later, in her autobiography...
  • The Story of Silver Thursday

    The Hunt brothers started trading silver in 1973, and by 1979 had amassed a fortune in silver. This video tells the story of Nelson Bunker Hunt, and how they tried to corner the market. For discussion: 1. Who were the Hunt brothers, and what was their...
  • How Do You Spend Your Student Loans?

    Turns out a lot of student loans are spent on non-educational expenses, perhaps even frivolous expenses. The infographic below shows some detail about how student loans are spent. The reason for poor financial decisions, like the decision to spend student...
  • Crowd Funding for Entrepreneurs

    Not long ago, entrepreneurs raised money to launch their ideas by calling friends and family, tapping into their personal credit, or borrowing from the bank. Today, crowdfunding is a source of funds small and large. Because of the potential to hurt...
  • Speculating Vs. Investing

    According to this video interview, investing is not the same as speculating. According to Investopedia , speculation is defined like this: Speculation is the act of trading in an asset or conducting a financial transaction that has a significant...
  • Credit Cards and Identify Fraud

    Identify fraud has increased, in spite of added safety measures like credit card chips. One of the reasons for the increased fraud is the increased sales online where a chip cannot be used. Additionally, opening fraudulent accounts or taking over existing...
  • Understanding the Differences in Bankruptcies

    Facing bankruptcy can be one of the most challenging experiences of your life. What seems like the end of the road--admitting you can't pay your bills--may turn out to be the beginning. Bankruptcies come in two flavors: Chapter 7 and Chapter...
  • Venture Capital in Vietnam

    A typical venture capital (VC) firm invests in start-ups in high growth industries like technology. But this is the story of a VC firm that invests in Vietnam with a goal of not only making money but also doing some social good. This video shows the...
  • Wells Fargo: A Great Bank That Made a Terrible Mistake

    Wells Fargo made a mistake when it created incentives for employees to behave badly. On September 8, 2016, the CEO announced that the bank had reached settlements with the regulators regarding the unethical sales practices and would be taking corrective...