What happens when an organization incorporates compassion throughout its policies, procedures, and culture? What is the impact on all stakeholders in an organization when human needs for care, consideration, and connection and are considered alongside business and impact outcomes? Research, and practice, show that the needs of people and the needs of organizations are not mutually […]
Pension funds, sovereign funds, endowments, and other asset owner institutions collectively manage roughly a third of all the money on earth.
They tend to be globally diversified and invest with long time horizons, which aligns them with the public interest because they cannot succeed unless human enterprise flourishes around the world. They also provide most of the world’s risk capital, which makes them the base of modern capitalism.
Our mission at Free Money is to help them find the freedom to properly fulfill their potential, orient their operations toward projects that build collective value, and serve as truly effective stewards of society’s accumulated capital.
It’s more profitable to try and extract value from them, so we have plenty of competition. But our greatest enemy is ignorance, not malevolence. So we spent the last episode of the year talking about at least five forces which work together to leave the world’s financial plumbing in thrall to the tyranny of low expectations.
In this fireside chat, we’ll examine and interrogate:
- The influence of unexamined norms in finance
- The pleasant fiction of free markets
- Individually rational, collectively insane actions that are commonplace today
- Institutional resistance to innovation
- The low probability of positive change
Dr. Ashby Monk is a co-host of Free Money as well as the Executive and Research Director of the Stanford Global Projects Center. He has a strong track record of academic and industry publications. He was named by CIO Magazine as one of the most influential academics in the institutional investing world. His research and writing has been featured in The Economist, New York Times, Wall Street Journal, Financial Times, Institutional Investor, Reuters, Forbes, and on National Public Radio among a variety of other media. His current research focus is on the design and governance of institutional investors, with particular specialization on pension and sovereign wealth funds. Outside of Stanford, he is the co-founder and Chairman of Long Game Savings. He received his Doctorate in Economic Geography at Oxford University and holds a Master’s in International Economics from the Universite de Paris I – Pantheon Sorbonne and a Bachelor’s in Economics from Princeton University.
We will likely feature one or more guests of similar caliber and expertise to those that have appeared on our podcast. Our most recent guests have been:
- Marcie Frost, CEO of CalPERS
- Daryn Dodson, Managing Director at Illumen Capital
- Jean Rogers, Chief Resilience Officer at the Long-Term Stock Exchange and founder and CEO of the Sustainable Accounting Standards Board
- Tom Baruch, A prolific Clean Tech venture investor
- Ben Oppenheim, a Computational Epidemiologist at Metabiota
- Five Forces Fighting Free Money
- How Resilience Drives Investment Returns
- Black Investors Make A Difference to your Bottom Line
- Race, Gender, Fees, and Costs
- The Resplendent Response to Crisis
- Dearth, Wind, & Fire
- Misogyny and Maple Syrup
- How to Hedge Against the Heterosexual Ideology
- Pascal's Wager and the Religion of Climate Change