Jack Bogle (1929–2019)

RIP

Bloomberg writes:

Bogle founded Valley Forge, Pennsylvania-based Vanguard in 1974. Investors attracted to its low fees helped the firm overtake American Funds, managed by Los Angeles-based Capital Group Inc., in 2008 as the biggest U.S. stock and bond fund manager. Vanguard has $4.9 trillion in assets under management.

via Vanguard, N.Y. Times, CNN, Wash. Post, NPR, Wall St. J., Reuters, Time, Bloomberg, Market Watch, Fin. Times, Fortune, Forbes, WSJ, WSJ, WSJ, WSJ, WSJ

In Pursuit of the Perfect Portfolio: Eugene F. Fama

via Barry Ritholtz

  • 効率的市場仮説(efficient market hypothesis)という名称について

FAMA: A kind of bad choice though.

LO: Why do you say that?

F: Because it gets mixed with efficient portfolios. …. I don’t know what is the alternative.

Yale大学における国際金融に関するカンファレンス(2013)

Yale大学におけるSullivan & Cromwell Conference on Challenges in Global Financial Servicesと題された国際金融に関するカンファレンスです。幾つかのビデオがありあます。

  • Panel I: Bank Capital and Liquidity Requirements

パネリストは次の通りです。

  • Stijn Claessens, Assistant Director, Research Department, International Monetary Fund
  • Michael H. Krimminger, Partner, Cleary Gottlieb Steen & Hamilton LLP and former General Counsel, Federal Deposit Insurance Corporation (FDIC)
  • Andrew Metrick, Deputy Dean for Faculty Development & Michael H. Jordan Professor of Finance and Management, Yale School of Management
  • Roberta Romano ’80, Sterling Professor of Law and Director, Yale Law School Center for the Study of Corporate Law
  • Moderator: Ian Ayres ’86, William K. Townsend Professor of Law, Yale Law School

  • Panel II: Bank Transparency and the Financial Crisis

パネリストは次の通りです。

  • Robert J. Giuffra, Jr. ’87, Partner, Sullivan & Cromwell LLP
  • Gary B. Gorton, Frederick Frank Class of 1954 Professor of Management and Finance, Yale School of Management
  • Henry T. C. Hu ’79, Allan Shivers Chair in the Law of Banking and Finance, University of Texas Law School, and former Director, Division of Risk, Strategy, and Financial Innovation, U.S. Securities and Exchange Commission
  • Frederick Schauer, David and Mary Harrison Distinguished Professor of Law, University of Virginia School of Law
  • Moderator: Donald Kohn, Senior Fellow, Brookings Institution and former Vice Chairman, Federal Reserve Board

  • Panel III: Accountability and Structuring of Systemically Important Financial Institutions

パネリストは次の通りです。

  • H. Rodgin Cohen, Senior Chairman, Sullivan & Cromwell LLP
  • Edward J. Kane, Professor of Finance, Boston College
  • Andrew W. Lo, Charles E. and Susan T. Harris Professor, MIT Sloan School of Management and Director, MIT Laboratory for Financial Engineering
  • John F. Simonson, Deputy Director for Systemic Resolution Planning and Implementation, Office of Complex Financial Institutions, FDIC
  • Moderator: Henry B. Hansmann ’74, Oscar M. Ruebhausen Professor of Law, Yale Law School

  • Panel IV: Cross-Border Resolution

パネリストは次の通りです。

  • James W. Giddens ’66, Chair, Corporate Reorganization and Bankruptcy Group, Hughes Hubbard & Reed LLP and Liquidation Trustee, Lehman Brothers Inc. and MF Global Inc.
  • Seth Grosshandler, Partner, Cleary Gottlieb Steen & Hamilton LLP
  • Richard J. Herring, Jacob Safra Professor of International Banking & Professor of Finance, The Wharton School, University of Pennsylvania
  • Jonathan R. Macey ’82, Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law, Yale Law School
  • Moderator: John D. Morley ’06, Associate Professor of Law, Yale Law School