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Financial Thought Exchange Podcast

Financial Thought Exchange Podcast

Written by: CFA Institute Research Foundation
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The Financial Thought Exchange Podcast offers listeners invaluable insights from top financial thought leaders across various sectors. Whether you're a financial analyst, investor, or simply interested in the "inside baseball" of the financial world, this podcast provides access to some of the most influential people shaping the industry. Brought to you by the CFA Institute Research Foundation, the Financial Thought Exchange is your go-to resource for staying informed and gaining a deeper understanding of the finance industry's most pressing topics. Tune in for interviews with industry pioneers, expert analyses, and actionable insights you can apply in your own financial journey. Financial Thought Exchange is the official podcast and video channel of the CFA Institute Research Foundation. Check out our peer-reviewed research here: https://rpc.cfainstitute.org/en/research187990 Economics Management Management & Leadership Personal Finance
Episodes
  • Evaluating ETFs with Joanne M. Hill, PhD, Elisabeth Kashner, CFA, and Dave Nadig

    Evaluating ETFs with Joanne M. Hill, PhD, Elisabeth Kashner, CFA, and Dave Nadig
    Oct 8 2026

    Joanne M. Hill, PhD, Elisabeth Kashner, CFA, and Dave Nadig join host Will Goodhart of CFA Institute Research Foundation to discuss Evaluating ETFs, the second module in the ETFs Evolving series. Building on the foundations established in the first module, the conversation explores how investors can assess and select ETFs in an increasingly complex marketplace.

    The guests discuss their due diligence framework of Efficiency, Tradability, and Fit and explain why fit is often the most important consideration for investors. They examine common due diligence mistakes, the evolution of the ETF landscape, investor personas, performance chasing, and the challenges of evaluating increasingly specialized ETF products. The conversation also explores liquidity, pricing, tracking differences, concentration risk, fixed-income ETF valuation, and the importance of matching ETF choices to specific investment objectives and time horizons. Throughout the discussion, the authors emphasize the value of curiosity, careful analysis, and ongoing education in a rapidly evolving ETF market.

    Related Links:

    Evaluating ETFs (Module 2)
    Module 2: Evaluating ETFs

    A Guide to Exchange-Traded Funds (Module 1)
    Module 1: ETF Features and Evolving Landscape
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    32 mins
  • Exponential Wealth: Centuries of Stock and Bond Returns with Ibbotson and Siegel (Part 2)

    Exponential Wealth: Centuries of Stock and Bond Returns with Ibbotson and Siegel (Part 2)
    Sep 10 2026
    Roger G. Ibbotson, PhD, and Laurence B. Siegel join Lotta Moberg, PhD, CFA, to continue their discussion of Exponential Wealth: Centuries of Stock and Bond Returns, a forthcoming CFA Institute Research Foundation book. This conversation focuses on the construction of long-run stock and bond market indices and the challenges of measuring returns across centuries of financial history. Ibbotson and Siegel examine index methodologies, including market capitalization weighting, equal weighting, and free-float adjustments, and discuss what investors can learn from historical data about concentration, volatility, survivorship bias, and the small-cap premium. The conversation also explores the book's international perspective, drawing on centuries of market data from around the world to provide context for capital market forecasts and long-term investment decisions. Exponential Wealth is a 21-chapter compendium of data, insights, and essays by 24 distinguished authors on stock and bond markets. . The book is organized into four sections covering stock and bond return history, the past 100 years in US markets, centuries of US and global returns, and forecasts for the future. Topics include index construction, equity risk premiums, bubbles and crashes, commodities, global market history, and forecasting. Contributing authors include David Chambers, Peng Chen, Thomas Coleman, Fernando de la Luz Reyes, Elroy Dimson, William N. Goetzmann, James Harrington, Thomas Idzorek, Antti Ilmanen, Rajkumar Janardanan, Paul Kaplan, Tadaaki Komatsubara, Otto Manninen, Paul Marsh, Edward McQuarrie, Carla Nunes, Xiao Qiao, Paul Rintamäki, Geert Rouwenhorst, Mike Staunton, Bryan Taylor, and James Tyler. Related content and publications: Exponential Wealth: Centuries of Stock and Bond Returns with Ibbotson and Siegel (Part 1)https://youtu.be/wyVlpZQ6qc4 The Long-Run Drivers of Stock Returns: Total Payouts and the Real Economyhttps://rpc.cfainstitute.org/research/financial-analysts-journal/2017/the-long-run-drivers-of-stock… Financial Thought Exchange with Rob Arnott, Part 1https://www.youtube.com/watch?v=ox7-y7PZ_ek Financial Thought Exchange with Rob Arnott, Part 2https://www.youtube.com/watch?v=ShaI1N1BrEM Stocks, Bonds, Bills, and Inflation® (SBBI®): 2020 Summary Editionhttps://rpc.cfainstitute.org/research/foundation/2020/sbbi-2020-summary-edition Stocks, Bonds, Bills, and Inflation: Historical Returns (1926–1987)https://rpc.cfainstitute.org/research/foundation/1989/rf-v1989-n3-sbbi-historical-returns Stocks, Bonds, Bills, and Inflation: The Past and the Future, 1982 Edition
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    35 mins
  • Exponential Wealth: Centuries of Stock and Bond Returns with Ibbotson and Siegel (Part 1)

    Exponential Wealth: Centuries of Stock and Bond Returns with Ibbotson and Siegel (Part 1)
    Sep 1 2026

    Roger G. Ibbotson, PhD, and Laurence B. Siegel join Lotta Moberg, PhD, CFA, to discuss Exponential Wealth: Centuries of Stock and Bond Returns, a forthcoming CFA Institute Research Foundation book. Marking the 50th anniversary of Ibbotson’s landmark research on stocks, bonds, bills, and inflation, the conversation examines what more than 100 years of market data reveal about long-term wealth creation. Ibbotson and Siegel explore the power of compounding, the importance of total returns and dividend reinvestment, the relationship between market returns and economic growth, and how investors should interpret a century of evidence on stocks, bonds, and inflation.


    Exponential Wealth is a 21-chapter compendium of data, essays, and insights on stock and bond markets. The book is organized into four sections covering stock and bond return history, the past 100 years in US markets, centuries of US and global returns, and forecasts for the future. Topics include index construction, equity risk premiums, bubbles and crashes, commodities, global market history, and forecasting.

    Contributing authors include David Chambers, Peng Chen, Thomas Coleman, Fernando de la Luz Reyes, Elroy Dimson, William N. Goetzmann, James Harrington, Thomas Idzorek, Antti Ilmanen, Rajkumar Janardanan, Paul Kaplan, Tadaaki Komatsubara, Otto Manninen, Paul Marsh, Edward McQuarrie, Carla Nunes, Xiao Qiao, Paul Rintamäki, Geert Rouwenhorst, Mike Staunton, Bryan Taylor, and James Tyler.


    Related content and publications:


    The Long-Run Drivers of Stock Returns: Total Payouts and the Real Economy
    https://rpc.cfainstitute.org/research/financial-analysts-journal/2017/the-long-run-drivers-of-stock…


    Financial Thought Exchange with Rob Arnott, Part 1
    https://www.youtube.com/watch?v=ox7-y7PZ_ek

    Financial Thought Exchange with Rob Arnott, Part 2
    https://www.youtube.com/watch?v=ShaI1N1BrEM


    Stocks, Bonds, Bills, and Inflation® (SBBI®): 2020 Summary Edition
    SBBI 2020 Summary Edition |Stocks, Bonds, Bills, and Inflation


    Stocks, Bonds, Bills, and Inflation: Historical Returns (1926–1987)
    https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/1989/rf-v198…


    Stocks, Bonds, Bills, and Inflation: The Past and the Future, 1982 Edition
    Stocks, Bonds, Bills,& Inflation: 1982 Edition | RPC
    Show More Show Less
    34 mins
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