Welcome to the latest in Family Capital’s Podcast Series – an occasional series of interviews with some of the most talented and engaging individuals in the world of family capital and beyond. In this latest episode, the award-winning business journalist Matthew Gwyther talks to the financial historian Edward Chancellor. The author of Devil Take the Hindmost: A History of Financial Speculation and, recently, The Price of Time: The Real Story of Interest, Chancellor talks about the importance of interest rates in the world economy.
He looks at the patient capital of family businesses and how that is so different from the speculative world of financial capital. Chancellor, who also worked for the Boston investment group co-founded by legendary investor Jeremy Grantham, GMO, has some strong opinions on family offices, saying they are: “a sign of the huge amount of wealth and wealth inequality of this plutocratic age we live in…”
His insights are invaluable to Family Capital’s readers.