Based in Edinburgh, the Library of Mistakes is a free public library designed to improve understanding of finance, one mistake at a time. In this podcast series the Library's Keeper, Professor Russell Napier, speaks to leading financial history authors around the world, with Fraser Allen & Leila Johnston presenting an additional thread of episodes called Shelf Life. Series produced by Fraser Allen.
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Permanent Plus One Podcasts
The Permanent Plus One Podcast - "Where Marriages go to Live" - Hosted and produced by Allen & Kyla Woods, Permanent Plus One takes you into the joy, pain, lessons, and blessings of marriage (and parenting). The show was birthed out of Allen & Kyla's mission to provide a platform for couples to be supported and encouraged, and for marriage to be celebrated. Sometimes it feels like the work that is required for marriage to be successful overshadows the beautiful outcomes of that work. The Cin ...
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EP 43: Shelf Life #6 (with Iona Bain & Michael Gilmore)
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53:47Personal finance is the theme of this episode as we hear from two friends of the Library of Mistakes deeply committed to making financial understanding more accessible – particularly to younger people. Iona Bain has made her name as a supporter of millennials striving to make the most of their finances, and is the resident money expert on BBC One's…
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EP 42: The CEO (with Michael Aldous & John Turner)
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41:54The CEOs of Britain's largest companies wield immense power, but we know very little about them. How did they get to the top? And how have they changed over the past 100+ years? Join Russell Napier in a fascinating conversation with Michael Aldous & John Turner, authors of The CEO: The Rise and Fall of Britain's Captains of Industry. www.libraryofm…
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Fraser Allen and Leila Johnston are back with a summer episode exploring life behind the scenes at the Library of Mistakes. Looking to the northern shores of Lake Geneva, Fraser interviews Boris Zhilin, the investment expert who has established a Library of Mistakes in Lausanne. Boris tells us about his career journey from growing up in the former …
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EP 40: The Irish Bank Strike (with Emma Horgan)
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30:02In conversation with Emma Horgan, Russell Napier explores the Irish Bank Strike of 1966, which resulted in shopkeepers and publicans stepping in to keep the economy ticking over as unofficial bankers. What can this extraordinary episode teach us about economics, human resilience – and how we might be able to cope in the event of a huge fintech fail…
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In our latest, behind-the-scenes look at the Library of Mistakes, Leila Johnston joins author and journalist Ray Perman on the streets of Edinburgh, as they explore the Library of Mistakes walking tour, Money Talks, Money Walks. Join them to discover lots of fascinating nuggets about the financial history of Scotland's capital city. Meanwhile, Fras…
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EP 38: Meltdown – Scandal, Sleaze And The Collapse of Credit Suisse (with Duncan Mavin)
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51:43Russell Napier invites Duncan Mavin back for a second appearance on the podcast – this time to discuss his recent book on Credit Suisse. Their fascinating discussion explores how decades of a rotten corporate culture dating back to WWII developed into the scandals and reputational disasters that eventually brought the Swiss bank down.…
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EP 37: Shelf Life #3 (with Herman Brodie)
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53:42Fraser Allen and Leila Johnston take you behind the scenes at the Library of Mistakes once more. This month we hear from the brilliant behavioural finance expert Herman Brodie, discover the colourful back story of Didasko CEO David Clarke, and find out more about the library itself with Lauren Hotson and Helen Williams. If you have any queries abou…
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EP 36: Shelf Life #2 (with Liam Rees PLUS The Weekend of Mistakes)
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57:11Leila Johnston and Fraser Allen are back to take you behind the scenes at the Library of Mistakes. And in this packed episode we... •Hear from theatre director and actor Liam Rees about his show The Land That Never Was. It's based on the adventures of 19th century Scottish conman Gregor MacGregor, who sold bonds on behalf of a South American countr…
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EP 35: Lending To The Borrower From Hell (with Mauricio Drelichman)
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43:58Russell Napier enjoys a fascinating chat with Mauricio Drelichman who (together with Hans Joachim-Voth) is the author of Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II. Together, they explore how this account of the freely-defaulting 16th century King of Spain changes our perceptions of financial history.…
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EP 34: Shelf Life #1 (with Russell Napier)
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1:04:08In the first of a new thread of monthly episodes, we take you behind the scenes at the Library of Mistakes. Join us as we turn the tables on our resident interrogator Professor Russell Napier by putting the questions to him. We also interview David Clarke of Didasko, Helen Bradley of Future Asset and our librarian Helen Williams. And fear not, Russ…
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EP 33: Money – The Unauthorised Biography (with Felix Martin)
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41:31Russell Napier quizzes Felix Martin about his book, Money – The Unauthorised Biography. A fascinating listen for anyone interested in the true nature of money, illuminated through entertaining examples such as the Irish Bank Strike of 1970, the Argentinian Crédito and the Bristol Pound.By Library of Mistakes
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Lionel Barber, the former editor of the Financial Times, discusses his fascinating biography of Masayoshi Son, one of the world's least-known but most consequential investors. Regarding himself as an 'empire builder' rather than a CEO, Son was briefly the world's richest man and has ruffled many feathers on his rise from a Korean slum in Japan to t…
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Money & Promises (Seven Deals That Changed World) is Paolo Zannoni's first book and one of Russell Napier's favourite books of the year. For as well as being President of the luxury Italian fashion group Prada, Paolo is a highly experienced banker who has combined his professional expertise with a passion for exploring ledger archives to create a g…
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EP 30: Money – A Story of Humanity (with David McWilliams)
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33:55"Despite being a fully paid-up member of the economist tribe for many years, I’ve concluded that most economists don’t really understand money," says David McWilliams, co-founder of Kilkenomics, (the world's first economics and comedy festival). David's new book, Money: A Story of Humanity, explains why he takes this entertainingly provocative posi…
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EP 29: The Bankers' New Clothes (with Anat Admati)
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40:38In this lively episode, Anat Admati (Professor of Finance and Economics at Stanford) explains what she believes to be wrong about banking, and how it should be changed. Anat is co-author (with Martin Hellwig) of The Bankers' New Clothes, originally published in 2013, then expanded and re-published this year to encompass the era of increased regulat…
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EP 28: The Twilight Before The Storm (with Viktor Shvets)
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47:09Technology is transforming our societies, promising a far deeper disruption than the industrial revolutions. As a result, humanity is at a major turning point, and how we respond to the merger of technology and financialisation will decide our future. Are we heading for "enlightened communism" or "despotic feudalism"? Russell Napier quizzes Viktor …
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Join Russell Napier for a fascinating discussion with Harold James, author of Seven Crashes: The Economic Crises That Shaped Globalisation. And unlike many of our episodes, brace yourself for a relatively optimistic conclusion! •The Library of Mistakes runs an outstanding course called the Practical History of Financial Markets. To find out more, g…
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EP 26: The Rise Of Carry (with Tim Lee & Kevin Coldiron)
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43:13Russell Napier revisits a book that slipped out during the pandemic crisis but does, he believe, deserve considerable attention. Listen to him quizzing Tim Lee and Kevin Coldiron, two of the authors of The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis. •The Li…
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EP 25: What I Learned This Week (with Kiril Sokoloff)
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38:27For 40 years, Kiril Sokoloff, the founder of 13D Research & Strategy, has been picking some of the biggest turning points in financial markets. And, in 2001, he launched 'What I Learned This Week' – a must-read for anyone in the investment community. In this interview with Russell Napier, Kiril shares some of the insights he has gleaned across a lo…
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EP 24: Investing in US Financial History (with Mark J Higgins)
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46:06Russell Napier and Mark J Higgins explore some of the lessons to be learned from Mark's latest book, Investing in US Financial History: Understanding the Past to Forecast the Future. The book opens with Alexander Hamilton’s financial programmes of 1790 and ends with the Federal Reserve’s battle with inflation in 2023 – and Russell welcomes the valu…
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EP 23: Boom and Bust (with William Quinn & John D. Turner)
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39:30In an appetising taster of our Weekend of Mistakes at Hay Castle on 1-3 March 2024, Russell Napier is joined by the authors of Boom And Bust, William Quinn & John D. Turner, to discuss their fascinating global history of financial bubbles. William will also be joining Russell at Hay Castle for a session called The Madness Of Crowds. If you're acces…
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EP 22: Humanomics (with Professor Deidre McCloskey)
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56:01Welcome to this special episode – a lecture by Professor Deirdre McCloskey recorded at the University of Edinburgh. With great humour and wisdom, Professor McCloskey discusses Humanomics, her attempt to eradicate (or at least reduce) the role of mathematics in economics. She also explores the Market Mind Hypothesis, a new approach to the understand…
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EP 21: War and Gold (with Kwasi Kwarteng)
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39:49Financial historian and former Chancellor of the Exchequer Kwasi Kwarteng discusses War And Gold, his 500-year review of 'empires, adventures and debt'. In conversation with Russell Napier, he also looks back on the fallout from the 'fiscal statement' of September 2022 and the power of the bond markets. (The Library of Mistakes runs an outstanding …
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EP 20: The Market Mind Hypothesis (with Patrick Schotanus)
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1:13:27Welcome to a special, extended episode recorded live at the Library of Mistakes on 15 November 2023. Cognitive economist and investment 'pracademic' Patrick Schotanus discusses his important new book The Market Mind Hypothesis, with an introduction from Russell Napier. Drawing on the thinking of Adam Smith, The Market Mind Hypothesis touches on key…
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EP 19: Behind the Balance Sheet (with Stephen Clapham)
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40:04Stephen Clapham joins Russell Napier to discuss the clues and warnings that are often hiding in plain sight within the pages of a company's accounts – and yet are all too often missed by investors and journalists. Steve is the author of The Smart Money Method, and the creator of the Behind The Balance Sheet podcast and the popular online training c…
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EP 18: The Millionaires' Factory (with Joyce Moullakis & Chris Wright)
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42:14Hear the authors of the Millionaires' Factory reveal the inside of story of how Macquarie Bank became a global giant – a fascinating tale which also reflects the profound changes to have taken place across the financial world since 1974. Joyce and Chris are interviewed by Russell Napier, Keeper of the Library of Mistakes, who explores how the story…
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Ep 17: The Strange Case of Arif Naqvi (with Simon Clark – Live at the Library of Mistakes)
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1:09:23Welcome to a special bonus episode, in which we hear a live talk from Simon Clark recorded at the Library of Mistakes on 20 September 2023. Together with Will Louch, Simon is co-author of The Key Man, a fascinating exposé of Arif Naqvi, the disgraced founder of the Dubai-based Abraaj Group. Naqvi was arrested in 2019 on charges of money laundering …
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Ep 16: How Private Equity is Plundering America (with Brendan Ballou)
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33:13With a skull and crossbones on the cover, and the title of Plunder: Private Equity's Plan to Pillage America, Brendan Ballou's debut book pulls no punches over the perceived greed and ineptitude of many of America's private equity firms – and the damage they are causing to the economy and society. All the more surprising then that the author is nei…
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Ep 15: Controlling Credit (with Eric Monnet)
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44:59Want to learn about monetary policy without interest rates, and how we may be going back to the future? These questions, and many more, are explored as Russell Napier meets up with Eric Monnet, former senior economist at the Banque de France and now Professor of Economic History at the Paris School of Economics. Eric takes us on a journey through t…
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Ep 14: Geopolitical Alpha (with Marko Papic)
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38:54Marko Papic, author of Geopolitical Alpha, joins our Keeper Russell Napier to discuss his investment framework for predicting the future. In a world where geopolitical tensions are ever more influential, Marko is one of the few people with an investment background writing about the impact we can expect them to have. And as someone who grew up in Yu…
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Ep 13: Capital Wars - The Rise Of Global Liquidity (with Michael Howell)
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38:27Michael Howell, legendary market strategist, author and founder of CrossBorder Capital, joins our Keeper Russell Napier to discuss global liquidity. Join us for a thought-provoking episode that seasoned investors and knowledgable market observers will enjoy getting their teeth stuck into. For more information on the Advanced Valuation in Financial …
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Ep 12: The Wall Street Renegades who Changed Finance Forever (with Robin Wigglesworth)
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42:23Robin Wigglesworth, the FT journalist and author of Trillions, joins us from Oslo to discuss the revolutionists who invented index funds, and the consequent threats to capitalism posed by the spread of passive investing. For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.…
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Ep 11: The Myth of Capitalism (with Denise Hearn)
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41:45Wander into any small town in the US and you'll find "a Subway, a Bank of America and some private-equity-owned retail chain". Denise Hearn, co-author (with Jonathan Tepper) of The Myth of Capitalism (the Financial Times Book of the Year in 2018), explains how corporate monopolies are not only killing competition, choice and diversity, but weakenin…
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EP 10: The Wirecard Criminals (with Dan McCrum)
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39:07When FT investigative journalist Dan McCrum began challenging the financial model of so-called fintech pioneer Wirecard, he was threatened with criminal charges in Germany – and worse from the murky forces of the Russian underworld. Yet he persisted, demonstrating that Wirecard was a fraudulent operation that had hoodwinked auditors worldwide – and…
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Ep 9: The Extraordinary Story of John Stonehouse (with Sir Philip Augar)
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43:55He was a Labour Cabinet Minister tipped to be a future Prime Minister – charming, handsome and apparently a passionate advocate for social justice. Yet John Stonehouse was also a spy who sold secrets to Czechoslovakia, a fraudster who propped up his supposedly altruistic bank with illegal transactions, and ultimately a criminal who successfully fak…
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Ep 8: Lex Greensill and the Pyramid of Lies (with Duncan Mavin)
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38:48How did Australian farmer Lex Greensill convince the likes of Credit Suisse and the Softbank Vision Fund that he was a highly investable fintech entrepreneur? Why was former UK Prime Minister David Cameron recruited as a lobbyist? And what caused Greensill's 'pioneering' chain finance model to collapse with the loss of billions of dollars? Join our…
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Ep 7: The Price of Time (with Edward Chancellor)
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36:52All economic and financial activities take place across time – and interest coordinates those activities. The story of capitalism is thus the story of interest: the price that individuals, companies and nations pay to borrow money. Edward Chancellor could barely have chosen a more topical moment to publish a book about the history of interest rates…
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EP 6: Hard Times in the 21st Century (with Helen Thompson)
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47:35Disorder, a new book by the political economist Helen Thompson, has made waves with its depiction of the long history behind the world's current political challenges. Helen's view is that the disruption experienced in geopolitics, the world economy and western democracies has come together in one big surge of turbulence. It also suggests that, even…
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Ep 5: The Economics of the Stock Market (with Andrew Smithers)
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36:41Andrew Smithers first dabbled in the stock market as a schoolboy in the 1950s, and grew into one of the most respected economics commentators of his generation. As well as running S G Warburg's asset management business (now part of Black Rock) for many years, he was a columnist for The Financial Times and has written several books. His latest – Th…
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Ep 4: Back from the Brink (with Lord Darling)
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54:25Lord Darling opens the new Library of Mistakes in Edinburgh, and explains to business journalist and author Ray Perman what it was like to be Chancellor of the Exchequer during the global financial crisis, as the UK banking system teetered on the edge of collapse. A highly entertaining listen for anyone interested in banking, politics and people.…
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Ep 3: Adapting to the New Economic World Order (Hidden Forces v Russell Napier)
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53:16This is a special episode, republished by kind permission of the Hidden Forces podcast series, in which Demetri Kofinas interviews our very own Professor Russell Napier about how investors should prepare for the greatest economic and financial revolution in 100 years. A great listen, particularly for investment experts and enthusiasts.…
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Ep 2: The Financial Cold War (with James Fok)
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45:38As the West seeks to punish Russia for its invasion of Ukraine through financial sanctions, Russell Napier meets an expert on how this kind of warfare tends to play out. In a timely and thought-provoking discussion, he puts the questions to James Fok, author of Financial Cold War – A View of Sino-US Relations from the Financial Markets. A great lis…
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Ep 1: Iceland's Secret (with Jared Bibler)
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35:43In this first episode of the Library of Mistakes podcast series, Russell Napier explores the 2008 financial collapse of Iceland with Jared Bibler, author of Iceland's Secret – The Untold Story Of The World's Biggest Con. After moving from the US financial world to Iceland in search of a quieter life, Jared found himself working for the nation's tin…
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This has been a challenging time, and this was a difficult episode to record, and even harder to go back through to edit & prepare for you. So that took a while, but now it's here. We'd love to hear your thoughts. Please share with us @PermanentPlusOne on all platforms.By Allen Woods & Kyla Woods
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Hey Y'all! Yep. Still quarantine season. We took some time this episode to lament the unique experience that 2020 Grads are having right now. Unfortunately, they didn't get to have a prom, after prom, or a traditional graduation. Who could have imagined that their Senior year would end this way? And not only that - but they're not headed into the b…
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Of course, we start by singing the Tony Toni Tone song "Anniversary"...... and now that it's in your head.... just know that we're still celebrating the day that's "made for you and me". Year Nine has been so good to us and we're just here to share what we've learned and hope that it encourages you to keep pressing and keep seeking the love and joy…
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Well....we're still quarantined. BUT we're on the brink of Outside opening back up! (but are we really going out though?). Anyhoo - we're talking about the new shows we're loving, what this time in at home together has been like, and what we are appreciating most right now. There's a lot of heavy stuff going on these days, folks, so kick back and l…
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There's a lot happening around us. All around the world, people are trying to figure out what to do as the Coronavirus leads to school closures and other things beyond their control. On this episode, we're talking about how to use this time to be helpful to others who need it, and how to keep your peace throughout the process.…
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We've been wanting to do a LIVE podcast episode for really long time, so when the good people at MORTAR asked us to do a live show as a part of their 5th Annual Future History Now event, we were all in! Thank you to everyone who was in attendance your participation made this a super dope experience.By Allen Woods & Kyla Woods
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By Allen Woods & Kyla Woods
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