Bogleheads® Conference 2024 Financial Historian Richard Sylla in Conversation w/ William Bernstein

Richard Sylla and William Bernstein discuss the long-run of financial history. What does the large current US deficit tell us? What can we learn from the history of interest rates and stock market returns?

Chapters:
0:00 Introduction
0:56 Investing is half math, half Shakespeare
3:10 Large US deficits
6:00 Catch 22 of how deficits play out
8:00 Inflating away the debt
10:22 Long term return of stocks
19:27 Interest rates over past millennium
26:15 Implications of lower financial friction
31:06 Greater stock market participation
33:50 Future of dire fiscal debt
35:40 Essential Reading for financial history
38:30 Relevance of financial foreign history
44:24 Reserve currency status
47:14 Financial innovations of the future

Recorded on September 28, 2024.

The complete Bogleheads 2024 Conference Proceedings can be found at https://boglecenter.net/2024conference/

Bogleheads University 2024 is split into two tracks: Bogleheads 101 Investing Fundamentals and Bogleheads 501 Advanced Topics.

The Bogleheads University Courses can be found at https://boglecenter.net/bogleheads-un.... Slides and transcripts are also available.

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