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ECON 252: Financial Markets

Lecture 18 - Professional Money Managers and Their Influence. Most people are not very good at dealing in financial markets. Professional money managers, such as financial advisors and financial planners, assist individuals in matters of personal finance. FINRA and the SEC monitor the activities of these managers in order to protect individual investors. Mutual funds, exchange traded funds also exist to assist individual investments, and pension funds provide further services. These investment institutions help people to put money in diversified portfolios and, in some cases, reap some tax benefits for funding their retirement income. (from oyc.yale.edu)

Lecture 18 - Professional Money Managers and Their Influence

Time Lecture Chapters
[00:00:00] 1. Introduction
[00:04:01] 2. Financial Advisors and Financial Planners
[00:15:20] 3. Assets of U.S. Households and Nonprofits
[00:24:09] 4. Mutual Funds, ETFs, and Spendthrift Funds
[00:41:53] 5. Pension Funds: A History
[00:54:53] 6. Modern Innovations for Pension Management: ERISA and Beyond

References
Lecture 18 - Professional Money Managers and Their Influence
Instructor: Professor Robert J. Shiller. Resources: Lecture 18 [PDF]. 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)