Money Lessons with Andrew Temte, PhD, CFA

In this SPECIAL EPISODE of Money Lessons, Andy discusses the implications of the U.S. government's interest in acquiring Greenland, arguing that such a move could exacerbate global tensions, undermine the country's financial stability, and have direct negative consequences for the average citizen. He emphasizes the importance of maintaining strong global alliances, particularly in light of the U.S...

In this episode of Money Lessons, Andy discusses the world of bonds, explaining their mechanics, pricing, and the INVERSE relationship between interest rates and bond prices.  He emphasizes the importance of understanding these concepts for making informed investment decisions and introduces the topic of yield, which will be explored in the next episode.

In this episode of Money Lessons, Andy explores the evolution of bond markets from the aftermath of World War II to the present day. He discusses the regulatory reforms that laid the groundwork for modern bond investing, the rise of institutional investors, the transformation brought by electronic trading, and the impact of globalization. Andy highlights how these changes have democratized bond in...

In this episode of Money Lessons, Andy explores the historical context and implications of the bond market collapse during the Great Depression, the subsequent regulatory reforms, and their lasting impact on today's financial landscape. He discusses the failures of the credit rating system, the introduction of the Trust Indenture Act of 1939, and the significance of the Glass-Steagall Act in prote...

In this episode of Money Lessons, Andy explores the evolution of corporate bond markets, highlighting their historical significance, the role of credit ratings, and the legal protections that make corporate lending viable. He emphasizes the importance of understanding corporate bonds as a stable investment option compared to stocks, and discusses the current state of the bond market.   #financiall...

In this episode of Money Lessons, Andy explores the complexities of sovereign debt, focusing on historical examples of nations that have defaulted on their obligations. He discusses the immediate relief that defaults may provide, but emphasizes the long-term consequences, including loss of credibility, economic isolation, and political instability.    The episode highlights the importance of under...

In this episode of Money Lessons, Andy explores the evolution of sovereign debt from its early origins in ancient Mesopotamia to its transformation into a systematic foundation for modern nation-states.  He discusses the role of the Fugger family in early sovereign lending, the impact of the Glorious Revolution on government borrowing, and the establishment of the Bank of England, which revolution...

This episode of Money Lessons with Andrew Temte explores the evolution of equity investing, highlighting how technology has transformed stock ownership from an exclusive privilege to a widely accessible opportunity.    Andy discusses the historical context of investing, the impact of regulatory changes, and the rise of online trading platforms. The conversation emphasizes the importance of financi...

** News Flash ** The Saturday Morning Muse is now MONEY LESSONS with Andrew Temte, PhD, CFA! Since the beginning of 2025, the show has been focused on the topic of financial literacy and we’ll be creating financial literacy lessons for the foreseeable future! In this episode of Money Lessons, Andy discusses the evolution of equity securities markets, focusing on mutual funds and index funds. He ex...

In this episode of Saturday Morning Muse, Andy explores the evolution of financial markets, focusing on the investor optimism of the 1920s, the catastrophic market crash of 1929, and the subsequent regulatory reforms that shaped modern securities laws.    The discussion highlights the role of margin trading, the impact of speculation, and the necessity for investor protection through regulatory ov...

In this episode of Saturday Morning Muse, Andy explores the evolution of financial literacy and the impact of information technology on stock trading. He discusses how the telegraph revolutionized communication in the 19th century, enabling faster and more efficient trading. The introduction of the stock ticker further democratized access to market information, but also led to new challenges such...

In this episode of Saturday Morning Muse, Andy explores the evolution of stock markets, focusing on the democratization of equity investments through railroads in the 19th century. He discusses the rise of “the market” as an economic barometer, the impact of the Panic of 1873, the creation of the first stock market indices, and the fundamental shift in understanding investment versus speculation,...

In this episode of Saturday Morning Muse, Andy explores the evolution of equity ownership and stock trading from the Dutch East India Company to the establishment of the London Stock Exchange. He discusses the challenges of informal trading, the catastrophic South Sea Bubble, and the eventual need for organized stock markets, highlighting the principles that govern modern financial markets today....

In this episode of Saturday Morning Muse, Andy explores the evolution of financial markets, focusing on the innovations of the Dutch Republic in the early 1600s. He discusses the limitations of previous equity ownership models and how the establishment of the Dutch East India Company (VOC) revolutionized investment through the introduction of transferable shares and a secondary market.    You can...

In this episode of Saturday Morning Muse, Andy explores the historical evolution of stock ownership, beginning with the Roman Publicani and the Venetian Commenda. He discusses how these early systems of equity ownership laid the groundwork for modern financial practices through capital pooling and risk spreading for investment in major infrastructure projects and trading expeditions. #financiallit...

In this episode of Saturday Morning Muse, Andy explores the evolution of insurance and its democratization in the late 19th century. He discusses how industrial life insurance, expanded property coverage, and the rise of automobile insurance transformed the industry into a mass market service accessible to ordinary families.    Andy highlights the significant innovations that made insurance afford...

In this episode of Saturday Morning Muse, Andy explores the origins of modern insurance, focusing on Edward Lloyd's Coffee House in the 1680s.  He discusses how Lloyd's transformed the insurance landscape by introducing innovative practices such as syndicated underwriting, the publication of shipping news, and the establishment of a systematic reinsurance market.

In this episode of Saturday Morning Muse, Andy explores the evolution of insurance, tracing its origins from ancient civilizations to modern practices. He discusses how early merchants shared risks to protect their goods, the development of mutual aid societies in medieval Europe, and the establishment of formal insurance contracts. The conversation culminates in the recognition of the need for sy...

In this episode of Saturday Morning Muse, Andy explores the dual nature of compound interest, highlighting its potential to build wealth while also revealing its darker side through the lens of compound debt.  The discussion emphasizes the importance of understanding how compound interest works in both investing and borrowing contexts, particularly in relation to credit card debt. Temte provides p...

In this episode of Saturday Morning Muse, Andy explores the concept of compound interest, its historical significance, and practical applications for building wealth.    He explains the mathematics behind compound interest, introduces the Rule of 72 for estimating investment growth, and illustrates the impact of small daily expenses on long-term wealth accumulation through the 'latte effect.' Andy...

In this episode of Saturday Morning Muse, Andy explores the concept of compound interest, discussing its historical significance and mathematical foundations. He introduces Benjamin Franklin's experiment with compounding, the contributions of mathematicians like Edmund Halley and Leonhard Euler, and the implications of compounding in both wealth creation and destruction, illustrated by the Tulip M...

In this episode of Saturday Morning Muse, Andy delves into the basics of investment returns, emphasizing the importance of understanding different types of returns such as nominal, real, holding period, and total returns. The discussion also touches on the historical development of return calculations and the significance of the compound annual growth rate (CAGR) in comparing investments over time...

In this episode of Saturday Morning Muse, Andy explores the concept of inflation, its historical context, and the implications of monetary policy on everyday life. He discusses the various types of inflation, including demand-pull, cost-push, monetary, and expectational inflation, and illustrates these concepts with historical examples, particularly the Great Recoinage of 1696. Andy emphasizes the...

In this episode of Saturday Morning Muse, Andy explores the historical tension between the moral objections to charging interest and the economic necessity for credit. It traces the evolution of interest from ancient civilizations, through religious prohibitions, to modern acceptance, highlighting the innovative financial practices that emerged to reconcile these conflicting views. The discussion...