Rank #1: #38: Everything is Negotiable - Herb Cohen
If you’re interested in improving your negotiation, whether that’s to buy a used car or bump up your salary, you probably want to learn from the best. How about the person who invented the term ‘win-win’? Perhaps the man who advised Presidents through tense diplomatic negotiations? What about the author of NYT bestsellers including 'You Can Negotiate Anything'? That's definitely a good place to start! Our guest Herb Cohen has done all this and more. A friend of Larry King’s and a native New Yorker, his street smarts and storytelling abilities make this one of our favourite episodes. Herb worked at large American firms and helped Presidents Carter and Reagan negotiate the Iranian Hostage Crisis (memorialised in the film Argo), and is brimming with advice on how to get the outcome you desire - because as Herb says, Everything is Negotiable!
Rank #2: #27: Not If, When - Jonathan Tepper
In Part 3 of our Property Series we consult the 'housing bubble whisperer', Jonathan Tepper (@jtepper2). He is the founder of research house Variant Perception, which provides macroeconomic advice to the biggest hedge funds in the world. Jonathan successfully predicted the Irish, Spanish, and US housing bubbles before they all spectacularly burst. He is a Rhodes Scholar, former Bank of America VP of Proprietary Trading, and founded and exited a media company, Demotix. Jonathan also co-authored two best-selling books, Endgame: The End of the Debt Supercycle and Code Red, a book on unconventional monetary policy. Jonathan has now turned his attention to Australia. He believes Australia's housing market will crash very soon. In this episode, we explore the psychological nature of what drives bubbles, how to predict a crash using key leading indicators, and why Australia is currently experimenting with one of the biggest housing bubbles in history.
Rank #3: Housing Bubble Week: Can We Predict Housing Bubbles? -- Dean Baker
I speak with Dean Baker, US economist and co-founder of the Center for Economic and Policy Research based in Washington, D.C. Dean is widely regarded as one of the first economists to have discovered the existence of the US housing bubble. I learn what indicators led him to make that call and what lessons his experience holds for future bubble-seers.
Rank #4: Housing Bubble Week: Lessons From Amsterdam's 'Gentlemen's Canal' -- Piet Eichholtz
We all know that real estate is the best long-term investment for capital gains, and property investors should just hold through the ups and downs of the market. Right? But is that really true? To answer that question we need to take a long run view of real house prices. Piet Eichholtz is the Fortis Professor of Finance and Real Estate and the Finance Department Chair at Maastricht University. In 1997, he created the Herengracht Index, which, beginning in 1628, is the longest running house prices index in the world.
Rank #5: #12: Why You Shouldn't Eat, Two Days a Week - Dr Michael Mosley
#1 New York Times bestselling author, award-winning journalist, presenter or producer of over 25 BBC documentaries, and self-confessed "human guinea pig" Dr Michael Mosley joins us this week on the pod. We are so excited to bring you this episode because Michael has revolutionised how literally millions of people think about their health - including the Swagmen. Best known for popularising the 5:2 diet, where you drastically restrict your calorie intake on two days every week, his medical investigations have extended to High-Intensity Interval Training, The 8-Week Blood Sugar Diet, and most recently, The Clever Guts Diet. Michael has been named "Medical Journalist of the Year" by the British Medical Association and has also executive-produced the three most popular science or history programmes of the last decade: Pompeii: The Last Day, Supervolcano and Krakatoa. In the first part of this episode, we chat with Michael about the proper 5:2 diet, including how it should be followed and how it has been misapplied. We then discuss why you should eat a "Mediterranean diet", and how you can optimize your gut health to live a longer, healthier, happier life.
Rank #6: #65: ‘Housing Bubble Week’ & Joe’s Speech to Mensa
I announce ‘Housing Bubble Week’ and share a speech I gave in Sydney in September 2018.
Rank #7: Housing Bubble Week: A Philosophy of Bubbles -- Timo Henckel
Bubbles are everywhere today -- or so we’re told. But what are they really? I speak with behavioural macroeconomist from the Australian National University Dr Timo Henckel. We discuss how to define bubbles, the psychology of investor contagion, and why bubbles occur not so much in the absence, but with the help, of strong “economic fundamentals”.
Rank #8: #13: Cocaine, Ritalin and the Finance Industry - Peter Luc Bossaerts
Peter Luc Bossaerts is the world's leading expert in experimental finance and pioneered the field of "neuroeconomics". He is now the Redmond Barry Distinguished Professor and Professor of Experimental Finance and Decision Neuroscience at the University of Melbourne, and was Division Chair at the California Institute of Technology, and his articles have been published in journals like Econometrica. He is currently conducting research with Dr Carsten Murawski on the use of smart drugs, such as Modafinil, Ritalin and Adderall, by finance professionals in Australia - the men and women who jointly manage over $2 trillion of the nation's retirement savings. In this episode, the Swagmen discover some of Peter's preliminary findings. We discuss what percentage of professionals are using smart drugs, whether usage is safe in the long-term, and why researchers test sewerage for traces of cocaine. Listeners who work in the finance industry are encouraged to take Peter and Carsten's survey.
Rank #9: #61: The Three Big Lies Poisoning Young Minds - Jonathan Haidt
This is a conversation with renowned moral psychologist Jonathan Haidt about his new book The Coddling of The American Mind, co-authored with Greg Lukianoff. Jonathan is the Thomas Cooley Professor of Ethical Leadership at New York University, and the author of two acclaimed books, The Happiness Hypothesis and The Righteous Mind. In an era of microaggressions, call-outs, and trigger warnings, Joe and Jonathan discuss what underpins the new culture of political correctness. They talk about how ‘Three Great Untruths’ have poisoned parenting norms and university campuses - as well as what caused them and what will fix them.
Rank #10: #59: Elephants in the Room - Jonathan Tepper
Which US and Australian industries are the most concentrated? How did Standard Oil inspire the Nazis? Why are Warren Buffett's famous “moats” harmful to society? Joe speaks with Rhodes scholar, economist, founder of macro research firm Variant Perception, and author of The Myth of Capitalism Jonathan Tepper about monopolies and the death of competition.
Rank #11: #36: Doing the Most Good - Peter Singer
Peter Singer is widely regarded as the world's most influential living moral philosopher. From kickstarting the animal rights movement to causing controversy in bioethics, Peter Singer's contributions have changed how we live. Peter is the Ira W. DeCamp Professor of Bioethics at Princeton, and joined us for a discussion about effective altruism, a growing movement which seeks to apply reason and analysis to answer the question: How can we use our resources to benefit others the most? This episode could change not just your life, but the lives of those you help. Show Notes: - Peter's books and Writings: Animal Liberation, The Most Good You Can Do, The Life You Can Save, Famine, Affluence and Morality Other Books Mentioned in the Episode: - The Origins Of Virtue, Matt Ridley - Thinking, Fast and Slow, Daniel Kahneman - Sapiens, Yuval Harari - Reasons and Persons, Derek Parfit - On What Matters, Derek Parfit - Doing Good Better, Will MacAskill Effective Alturist Organisations: - GiveWell (recommends most effective charities to give to) - Giving What We Can and The Life You Can Save (pledge to donate some of your income!) - 80000hours (find out how you can have the most impactful career - Centre for Effective Altruism
Rank #12: #24: Saving Capitalism - Luigi Zingales
Trump. Cronyism. Inequality. Monopolies. Weren’t we promised better than this? What happened to a “new nation, conceived in Liberty"? What’s happening to capitalism? Professor Luigi Zingales knows a thing or two about the destructive powers of nepotism and corruption. Emigrating from the land of Berlusconi to the home of the brave, he received his PhD in economics from MIT in 1992, before joining the Chicago Booth School of Business. He has written two acclaimed books, A Capitalism for the People (2012) and Saving Capitalism from the Capitalists (2003), the latter being hailed as “one of the most powerful defences of the free market ever written" by the National Review Online. In 2014 Luigi was the President of the American Finance Association, and in 2015 he became the director of the Stigler Center at the University of Chicago, which he has refocused on the various distortions that special interest groups impose on capitalism. He also co-developed the Financial Trust Index, which is designed to monitor the level of trust that Americans have towards their financial system. In this conversation, the Swagmen prepare for a tour de force on American Capitalism. Luigi shows how we can combat populism, reclaim meritocracy, and even opens up about why the US government should break up mammoths like Amazon. Strap yourselves in for an uncommon discussion with an exceptional guest!
Rank #13: Housing Bubble Week: Housing Bubbles as Availability Cascades -- Timur Kuran
Timur Kuran is a Turkish American economist, Professor of Economics and Political Science, and Gorter Family Professor in Islamic Studies at Duke University. In 2017, Timur Kuran and legal scholar Cass Sunstein advanced an incredibly powerful construct called an availability cascade. Availability cascades combine informational cascades and reputational cascades, and are mediated by the availability heuristic (all will be explained in the podcast). Joe and Timur talk about the application of availability cascades to housing bubbles, and the ‘availability entrepreneurs’ who populate housing bubbles.
Rank #14: #19: Columbia MBA Professor Teaches You How to Find Strategic Insight in Any Scenario - William Duggan
Would you like the ability to reliably experience those "breakthrough moments"? We've found your guru. William Duggan teaches Executive MBA courses at the renowned Columbia Business School in New York. He has taught innovation and strategy to 1000s of company executives around the world. William has written three books on innovation and "strategic intuition," that elusive spark of insight which helps you creatively solve hard problems. His 2007 book, Strategic Intuition, was named "Best Strategy Book of the Year" by the journal Strategy+Business. William has three degrees, including a PhD, from Columbia University. He also likes corn-based tortillas. In this expert chat, the Swagmen hear William's definition of "strategic intuition" and how you can develop it in your own life. We learn about Napoleon's weird habits of insight and why more work is sometimes the enemy of brilliant ideas.
Rank #15: #32: Will the Real Stoicism Please Stand Up - Margaret Graver
Stoicism, an ancient philosophy invented by the Greeks and developed by the Romans, is back in fashion. From author Ryan Holiday, to philosopher Alain de Botton and podcaster Tim Ferriss, Stoicism is being acclaimed as “an operating system for life”. But what is it? And is the modern take true to the original stoicism practiced by late Romans like Seneca and the emperor Marcus Aurelius? Margaret Graver, one of the world’s leading scholars on stoicism, has the answers. Margaret is the Aaron Lawrence Professor of Classics at Dartmouth College. She has written one of the most important academic book’s on the topic, Stoicism and Emotion. With Margaret we settle the questions: What is the ‘real stoicism’ practised by the ancients? And how we should we live today?
Rank #16: Housing Bubble Week: Speculation and Unchartered Waters -- Chris Joye
Chris Joye manages $3 billion as the Co-Chief Investment Officer at Australian fixed-income manager Coolabah Capital Investments, and is a contributing editor with The Australian Financial Review. He also has a long familiarity with the Australian housing market. In 2003, then-Director of the Menzies Research Centre Malcolm Turnbull commissioned Chris, fresh out of Cambridge University, to be the principal author of the 380-page Prime Minister's Home Ownership Task Force Report. In this conversation, Joe asks Chris why he paradoxically believes Australia’s housing market is a bubble that likely won’t crash. They also discuss the importance of investor expectations, and how the extent of national price falls may be larger than 15%, peak-to-trough, if these animal spirits are allowed to become too pessimistic.
Rank #17: #18: Why I Was Really Fired by Google - James Damore
Former Google Senior Software Engineer now martyr to political correctness and hero of the alt-right, James Damore is the softly-spoken yet controversial author of the 'Google memo', the infamous 10-page document in which he criticised the company's gender diversity policies. James is in favour of removing barriers to the tech sector for women, but he felt Google was going too far in its efforts for equal representation. The memo, titled 'Google's Ideological Echo Chamber: How Bias Clouds Our Thinking About Diversity and Inclusion', which he posted after attending a day-long diversity conference in July, went viral within Google, before being leaked to the media in August. Google's CEO Sundar Pichai subsequently fired James for breaching the company's Code of Conduct. James is a self-described 'classical liberal' who was studying a PhD in Systems Biology at Harvard before being head-hunted by Google in 2013. In this interview, we discuss James' unique worldview, some of the discriminatory practices at Google, the day of his firing, and the secret black-list against employees kept by left-leaning Silicon Valley tech firms.
Rank #18: #25: Safe as Houses - John Flavell
Welcome to episode 1 of our 4-part series on the Australian property market. In this episode, Mortgage Choice CEO and former NAB senior executive John Flavell gives us his best reasons to believe that the housing market is no such bubble. Mortgage brokers have been in the driver’s seat of the housing boom.Mortgage Choice is one of Australia’s leading brokerage firms. In March, ASIC released a report on brokerage remuneration practices in response to allegations that brokers were receiving huge bonuses and “soft pay” for pushing borrowers into larger loans. In September, UBS published another report, arguing that about one-third, or $500 billion, of home loans were “liar loans”, and that in many cases it was brokers who encouraged applicants to not be totally honest. So has the role of mortgage brokers been harmful or benign? We put this question and more to our guest John Flavell. As you’d expect, he’s in support of responsible brokerage. And he’s bullish on the housing market. Listen to hear exactly why.
Rank #19: #26: What's in a Bubble? - Professor Richard Holden
Welcome to part 2 of our Property Series! The term "bubble" gets bandied about a lot these days, but what is it? How do you separate intrinsic value from true mania? And is the Australian housing market in a Michael Bublé of its own? We brought in leading Australian economist Richard Holden to help us answer these questions and more. Richard received a PhD from Harvard University in 2006, as a Frank Knox Scholar. He has been a Visiting Professor at Harvard, MIT, and the University of Chicago, and now teaches at the University of New South Wales in Sydney. He also edits the Journal of Law and Economics on the side. Are we in a bubble? You're about to find out.
Rank #20: #64: Doing Good Better - Will MacAskill
Will MacAskill is an Associate Professor in Philosophy at the University of Oxford. He is also one of the founders of the Effective Altruism movement and the author of Doing Good Better. In this conversation, Joe and Will discuss the origins, the why, and the how of Effective Altruism -- an exciting movement and philosophy that can help you do good better.