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A History of Investment Vehicles

Happy Sunday, readers! Apologies for not sending a newsletter out last week. I had the privilege of guest lecturing at Yale’s School of Management again for Jim Chanos’ class on the history of fraud. That class is quite literally the perfect course for a financial history enthusiast like myself.

While I don’t have a video of my guest lecture to share, anyone that is interested in Jim’s course should check out my first financial history course on Bubbles, Manias & Fraud. Jim gave a riveting lecture on the history of his own short bets, financial history, and more.

For today’s newsletter, I’m excited to share a fascinating conversation I had with Peter Lazaroff about the evolution of investment vehicles, FTX’s collapse, and more. Peter and I had a great time discussing these topics, and I think you’ll find the content just as interesting as we did. If you’re curious about the history of investment vehicles – from the first mutual fund in 1774 to Custom Indexing in 2019 – then this is the episode for you.

You can also find my articles on this same topic here:

I hope you enjoy my discussion with Peter Lazaroff!