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ECON 252: Financial Markets

Lecture 15 - Guest Lecture by Carl Icahn. Mr. Carl Icahn, a prominent activist investor in corporate America, talks about his career and how he became interested in finance and involved in shareholder activism. He discusses his thoughts about today's economy and American businesses and their inherent threats and opportunities. He believes that the biggest challenge facing corporate America is weak management and that today's CEOs, with exceptions, might not be the most capable of leading global companies. He sees opportunities for current, intelligent college students to succeed in the corporate world if they work hard and can identify valuable business pursuits. (from oyc.yale.edu)

Lecture 15 - Guest Lecture by Carl Icahn

Time Lecture Chapters
[00:00:00] 1. Carl Icahn: A Self-Introduction
[00:06:10] 2. An Anti-Darwinian Corporate America
[00:19:56] 3. Questions: Personal Motivation and Inspiration
[00:29:21] 4. Questions: Activist Investing in the Real World
[00:38:53] 5. Questions: Sensing Potential in Poorly Managed Companies

References
Lecture 15 - Guest Lecture by Carl Icahn
Instructor: Professor Robert J. Shiller. Transcript [html]. Audio [mp3]. Download Video [mov].

Go to the Course Home or watch other lectures:

Lecture 01 - Finance and Insurance as Powerful Forces in Our Economy and Society
Lecture 02 - The Universal Principle of Risk Management: Pooling and the Hedging of Risks
Lecture 03 - Technology and Invention in Finance
Lecture 04 - Portfolio Diversification and Supporting Financial Institutions (CAPM Model)
Lecture 05 - Insurance: The Archetypal Risk Management Institution
Lecture 06 - Efficient Markets vs. Excess Volatility
Lecture 07 - Behavioral Finance: The Role of Psychology
Lecture 08 - Human Foibles, Fraud, Manipulation, and Regulation
Lecture 09 - Guest Lecture by David Swensen
Lecture 10 - Debt Markets: Term Structure
Lecture 11 - Stocks
Lecture 12 - Real Estate Finance and its Vulnerability to Crisis
Lecture 13 - Banking: Successes and Failures
Lecture 14 - Guest Lecture by Andrew Redleaf
Lecture 15 - Guest Lecture by Carl Icahn
Lecture 16 - The Evolution and Perfection of Monetary Policy
Lecture 17 - Investment Banking and Secondary Markets
Lecture 18 - Professional Money Managers and Their Influence
Lecture 19 - Brokerage, ECNs, etc.
Lecture 20 - Guest Lecture by Stephen Schwarzman
Lecture 21 - Forwards and Futures
Lecture 22 - Stock Index, Oil and Other Futures Markets
Lecture 23 - Options Markets
Lecture 24 - Making It Work for Real People: The Democratization of Finance
Lecture 25 - Learning from and Responding to Financial Crisis I (Lawrence Summers)
Lecture 26 - Learning from and Responding to Financial Crisis II (Lawrence Summers)