24 episodes

Based in Edinburgh, with branches in Switzerland and India, the Library of Mistakes is a free public library designed to improve understanding of finance (and life in general), one mistake at a time. In this podcast series the Library's Keeper, Professor Russell Napier, speaks to authors of some of the most interesting books in the ever-expanding collection exploring insights into finance, business, society and human nature. Fascinating, educational and often rather funny.
Produced and edited by Fraser Allen (www.allencomms.co.uk)
Voiceover by Mary Duffy.

Library of Mistakes The Library of Mistakes

    • Business
    • 4.8 • 23 Ratings

Based in Edinburgh, with branches in Switzerland and India, the Library of Mistakes is a free public library designed to improve understanding of finance (and life in general), one mistake at a time. In this podcast series the Library's Keeper, Professor Russell Napier, speaks to authors of some of the most interesting books in the ever-expanding collection exploring insights into finance, business, society and human nature. Fascinating, educational and often rather funny.
Produced and edited by Fraser Allen (www.allencomms.co.uk)
Voiceover by Mary Duffy.

    EP 24: Investing in US Financial History (with Mark J Higgins)

    EP 24: Investing in US Financial History (with Mark J Higgins)

    Russell Napier and Mark J Higgins explore some of the lessons to be learned from Mark's latest book, Investing in US Financial History: Understanding the Past to Forecast the Future. The book opens with Alexander Hamilton’s financial programmes of 1790 and ends with the Federal Reserve’s battle with inflation in 2023 – and Russell welcomes the valuable way in which it fills a void in our understanding of American financial history.

    •The Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, go to: www.libraryofmistakes.com/course

    • 46 min
    EP 23: Boom and Bust (with William Quinn & John D. Turner)

    EP 23: Boom and Bust (with William Quinn & John D. Turner)

    In an appetising taster of our Weekend of Mistakes at Hay Castle on 1-3 March 2024, Russell Napier is joined by the authors of Boom And Bust, William Quinn & John D. Turner, to discuss their fascinating global history of financial bubbles.

    William will also be joining Russell at Hay Castle for a session called The Madness Of Crowds.

    If you're accessing this podcast before 1 March 2024, there may still be tickets left for the Weekend of Mistakes. More info at https://www.haycastletrust.org/p-3525-weekend-of-mistakes-at-hay-castle.aspx

    •The Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, go to: www.libraryofmistakes.com/course

    • 39 min
    EP 22: Humanomics (with Professor Deidre McCloskey)

    EP 22: Humanomics (with Professor Deidre McCloskey)

    Welcome to this special episode – a lecture by Professor Deirdre McCloskey recorded at the University of Edinburgh. With great humour and wisdom, Professor McCloskey discusses Humanomics, her attempt to eradicate (or at least reduce) the role of mathematics in economics. She also explores the Market Mind Hypothesis, a new approach to the understanding of the market, the mind and the rational economic man being developed here in Edinburgh at the Edinburgh Futures Institute.

    [The Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, go to: www.libraryofmistakes.com/course]

    • 56 min
    EP 21: War and Gold (with Kwasi Kwarteng)

    EP 21: War and Gold (with Kwasi Kwarteng)

    Financial historian and former Chancellor of the Exchequer Kwasi Kwarteng discusses War And Gold, his 500-year review of 'empires, adventures and debt'. In conversation with Russell Napier, he also looks back on the fallout from the 'fiscal statement' of September 2022 and the power of the bond markets.

    (The Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, go to: www.libraryofmistakes.com/course)

    • 39 min
    EP 20: The Market Mind Hypothesis (with Patrick Schotanus)

    EP 20: The Market Mind Hypothesis (with Patrick Schotanus)

    Welcome to a special, extended episode recorded live at the Library of Mistakes on 15 November 2023. Cognitive economist and investment 'pracademic' Patrick Schotanus discusses his important new book The Market Mind Hypothesis, with an introduction from Russell Napier. Drawing on the thinking of Adam Smith, The Market Mind Hypothesis touches on key issues in economics, investing, and cognitive science, leading to insights that can improve markets, make investing more sustainable, increase the effectiveness of public policy and benefit society.

    The two quotes that Patrick refers to in his talk are as follows:

    "Now the issue, as is plain, relates to the treatment of 'consciousness' in human beings. The essence is [economics'] iniststence that we ignore... the existence of conscousness... In oppositioon to this view, I propose... that we cannot treat human beings as... mechanisms, and that we do not want to do so even if it were possible."
    Frank Knight 1925

    The global behavor of the market... is reminiscent of... the emergence of consciousness."
    Didier Sornette 2003

    [The Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, go to: www.libraryofmistakes.com/course]

    • 1 hr 13 min
    EP 19: Behind the Balance Sheet (with Stephen Clapham)

    EP 19: Behind the Balance Sheet (with Stephen Clapham)

    Stephen Clapham joins Russell Napier to discuss the clues and warnings that are often hiding in plain sight within the pages of a company's accounts – and yet are all too often missed by investors and journalists. Steve is the author of The Smart Money Method, and the creator of the Behind The Balance Sheet podcast and the popular online training course of the same name. Join us for an entertaining and insightful conversation.
    Also, to find out more about Stephen's course, go to: www.behindthebalancesheet.com
    And remember that the Library of Mistakes also runs an outstanding course called the Practical History of Financial Markets. To find out more, go to: www.libraryofmistakes.com/course

    • 40 min

Customer Reviews

4.8 out of 5
23 Ratings

23 Ratings

Impoxtssibxo ,

Brilliant

Brilliant in conception, with deftly chosen Mistakes and guests. Key is Russell Napier’s deep grasp of the issues and concepts and ability to pull out the important . If only more podcast hosts could draw lessons from this.

SteveC BTBS ,

Iceland’s Secret

Great episode with Prof Napier interviewing Jared Bibler about his fab book.

Acido55 ,

Excellent addition to one’s podcast library.

Very interesting and hopefully the first of many podcasts from a rich seam of material. Perfect for the format.

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