Harvard Business School professors discuss and debate current events that sit at the crossroads of business and culture. Youngme Moon, Mihir Desai, and Felix Oberholzer-Gee engage in a spirited discussion on a range of topics torn from the headlines — from Facebook, to free trade, to the #MeToo movement. Informed by their unique expertise as professors at one of the world’s leading business schools, their takes are always surprising, unconventional, and insightful.
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Value investing is more than an investment strategy — it’s a fundamental way of thinking about finance. Value investing was developed in the 1920s at Columbia Business School by professors Benjamin Graham and David Dodd, MS ’21. The authors of the classic text, Security Analysis, Graham and Dodd were the very pioneers of their field and their security analysis principles provided the first rational basis for investment decisions. Despite the vast and volatile changes in the economy and secur ...
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After Hours


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Magnificent Markets and Conflict on Campus
41:51
41:51
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Felix and Mihir discuss the meaning and impact of the increasing concentration of stock market performance via the “Magnificent 7” and the source and resolution of conflicts on campuses.By TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee
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Felix and Mihir discuss how Sam Altman was fired and reinstated over the course of just a few days. Was the board right to dismiss Altman? Does the turmoil change how we think about hybrid organizations that combine nonprofit and for-profit motives? What does the episode teach us about the future of AI? Plus, we look at the reasons why men now die …
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Value Investing with Legends


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Nicolai Tangen - Decision-Making and Intuition in Investing
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44:45
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In the intricate dance of market movements and economic trends, it takes a discerning eye to discern patterns and make strategic decisions. Enter Nicolai Tangen, the astute CEO of Norges Bank Investment Management, who joins hosts Michael Mauboussin and Tano Santos on Value Investing with Legends. A connoisseur of art history and asset management, …
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Will Africa fulfill its remarkable promise in the next several decades? Is a land tax the best kind of tax? Would it solve our housing crisis? All that and more on this episode of After Hours.By TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee
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Felix and Mihir discuss how copyright applies to AI-generated works. Are AI companies guilty of mass infringement? Could users be sued if they use AI to generate texts and images? Wouldn’t it be right to compensate authors for their contributions to AI models? Plus, a decade in, what has the corporate purpose movement accomplished? We look back and…
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Value Investing with Legends


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John Rogers - The Power of Patience
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John Rogers isn't just a successful investor; he's an industry titan. As the founder of a reputable investment firm, he's made a name for himself with his contrarian value investing strategies. But he's not just a practitioner; he's an educator, avidly reading and contributing to seminal works in investment literature. John’s journey began with an …
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Felix, Sarah and Mihir consider whether real estate brokers add value, how the world of brokers will be transformed by a recent lawsuit and consider whether investors should be buying music as an asset class.By TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee
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After Hours


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The U.S. economy is stellar. So why are we all so mad?
31:57
31:57
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In this episode, Mihir and Felix discuss consumer finances, which are remarkably healthy. The average U.S. household now has a net worth of more than a million dollars. But if things are this good, why are we so angry? Why lament the state of the economy? Plus, we talk about Tesla and the market for electric vehicles. Has it reached its nadir?…
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Value Investing with Legends


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Sheldon Stone - Liquidity, Covenants, and Capital Availability
1:02:15
1:02:15
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Navigating the investment world is an enormous task, especially when looking at company numbers and the people running them. That's why we're thrilled to have Sheldon Stone on the show. Sheldon was the first in his family to go to college, attending the highly respected Bowden College. He was part of a remarkable class of 225 students, an experienc…
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Felix and Mihir are back, and it’s time to unpack bond market bedlam!By TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee
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Value Investing with Legends


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Ray Dalio - Risk, Return, and Asset Allocation
59:46
59:46
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Navigating the complex world of wealth creation and financial history can be daunting. That's why our guest, Ray Dalio, places a strong emphasis on understanding the evolution of wealth, the current economic landscape, and the patterns that govern financial markets. As an iconic investor and author, Ray offers a wealth of knowledge backed by years …
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Going out with a bang: Recommendations for this summer
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42:35
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This is it, dear friends of the After Hours podcast. We end our sixth season with a long list of recommendations: shows to watch, books to read, foods to savor, places to visit... Thank for spending your time with us. We will be back after our summer break, sometime in September. Have a wonderful summer everyone!…
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Felix and Mihir are joined by friends to discuss their stories to watch this summer, including the bust up of Sequoia, pricing, Gen AI, sports stories, the FTC and PBMs, Amazon in healthcare, and the future of theatres, travel, unions, brand activism, energy tax credits, interest rates and the war in Ukraine.…
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After Hours


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The Portfolio Life: Being Productive and Happy
44:50
44:50
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Felix and Mihir are joined by Christina Wallace to discuss the meaning of a portfolio life and why U.S. workers are happier than ever but less productive.By TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee
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Taking a week off!By TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee
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Felix, Mihir and their colleague Kristin Mugford debate the merits of using bankruptcy to shield companies from consumer lawsuits. Should we allow companies to bundle lawsuits, place them in a designated subsidiary with few assets and let that subsidiary go bankrupt? Might this actually be better for consumers who claim to have been hurt by defecti…
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After Hours


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What’s Your Personal Brand? Is Brand Building Worth it?
40:57
40:57
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Felix, Mihir and Jill Avery consider the merits of personal branding and how to think about the value of a brand. Why do people want to consider their personal brand? And, why do we still struggle to understand the value of brands given all the data we swim in?By TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee
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