Top of Mind

In 2008, global financial markets were in ruins. The investment banks that hadn’t been sold or gone bankrupt were desperately seeking liquidity. Six years on, the New York Times looks at Goldman Sachs as the firm, like investment banks more broadly, adapts to new regulations and capital requirements.

Yale Insights examines where else the economic and policy ripples of the financial meltdown can still be felt with highlights from a lecture by Yale SOM professor Andrew Metrick.


11:16 AM - 8 Oct 14
Robert Litterman — Computer-based trading dominates markets, with a majority of trading activity in major markets happening without any human intervention. Robert Litterman, a pioneer of the quantitative investing approach, spoke with Yale Insights about how ruthless competition keeps the field changing and why he believes human judgment remains an essential component of any strategy. View Video
Kevin D. Gray & Ellen Shuman & Tom Zacharias & Robert Gifford — A real estate boom can drive the construction of new homes, commercial centers, and skyscrapers, reshaping cities. The following bust can leave neighborhoods vacant. Have factors like the increasing availability of public information about real estate and the shift toward a global marketplace tamed a cycle that has played out repeatedly over the centuries? View Video
Robert J. Shiller — In a New York Times op-ed, Professor Robert J. Shiller explains that stock market movements are driven by popular narratives that spread like “thought viruses.” Secular stagnation—the idea that the global economy may languish for years to come—is the current story driving down the stock market. Whether true or false, the idea alone has the potential to erase five years of gains and create a bear market. Read More
José Manuel Durão Barroso — Continuing weakness in the European economy, plus squabbling between Germany and France over the direction of Europe, has sparked new concerns about the future of the Eurozone. But José Manuel Barroso, president of the European Commission, argues that reforms made since the last financial crisis should help keep Europe afloat. View Video
Marissa D. King — Children are 30% more likely to take a stimulant medication during the school year than they are to take one during the summer, according to a new study published in the American Sociological Review. The authors found that school-year increases in stimulant use are largest for children from socioeconomically advantaged families. Because many children use stimulants only during the school year and take a “drug holiday” in the summer, the authors conclude that these children are using stimulants to manage their schools’ academic demands. Read More
Fernando Y. Roxas — Millions of people around the world want to swim in tropical waters and take in unsullied wilderness. Can the Philippines build a productive ecotourism industry around its natural environment? The Asian Institute of Management’s Fernando Y. Roxas talks about the country’s chances of claiming a link in the “tourism supply chain.” Read More
Jeremy Eden & Terri Long — Jeremy Eden ’86 and Terri Long, co-CEOs of consulting firm Harvest Earnings, argue that organizations ignore ways to significantly grow earnings because of “behaviors that limit what we know and how we think.” Their solution starts with asking lots of questions. Read More
Erin Meyer — Globalization means that people from different countries are working together more and more. In her research, INSEAD’s Erin Meyer examines the cultural differences that can trip up global business relationships—and proposes methods for avoiding problems. Read More
Joel Klein — The highly visible chancellor of the New York City Public Schools from 2002 to 2011, Joel Klein recently returned to the private sector as the CEO of News Corporation's education division, Amplify. Klein talked with Yale Insights about applying his approach to leadership in a new role. View Video
Matthew Spiegel & Heather E. Tookes — The initial public offering (IPO) market recently saw its busiest week since 2001. A new study by Yale School of Management professors Matthew Spiegel and Heather Tookes reveals how these and other IPOs affect rival firms over time. Read More
Florian Ederer — Somehow ice and cold water have become the social media phenomenon of the summer. Millions of people have shivered and screamed while dumping buckets of ice over their own heads, and a medical charity has tens of millions of dollars raised as a result. Yale Insights spoke with Yale economist Florian Ederer to try to make sense of all of this. Read More