Daniel Schulman - The Money Kings

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 20 November 2023

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Once you know where to look, you start to see it all around you in present day life. Whether it’s the Federal Reserve Bank, whether it’s the company Goldman Sachs… It’s remarkable how the degree to which we are living in this world they helped build.”

In this episode, Cole is joined by author Daniel Schulman to discuss his book, The Money Kings. Daniel’s book is the story of the German Jewish immigrants who revolutionized Wall Street and shaped today’s economic system. The conversation covers names like Goldman and Sachs, Lehman and Seligman, Kuhn and Loeb, and Warburg and Schiff.

Transcript

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0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:08.0	At Smead Capital Management, we advise investors who fear stock market failure.
0:12.9	You can learn more at Smeadcap.com or by calling your financial advisor.
0:26.3	Welcome to a book with legs podcast. I'm Cole Smead. I'm the CEO and a portfolio manager here at Smead Capital Management. At our firm, we are readers and book junkies. It can be said that leaders are
0:31.4	readers, and we believe books provide us a great source of information for filtering what is and isn't
0:36.7	important for us as investors.
0:38.6	Investing is the last great liberal art and the best way to spend a lifetime of learning.
0:42.7	This podcast is for readers, thinkers, business-minded people, and investors who want to grow their
0:47.8	knowledge from great authors and their writing.
0:50.3	Charlie Munger often talks about using multiple mental models and analysis.
0:54.5	Our aim for this podcast is to help listeners test Munger's theory in business,
0:58.3	markets, and people.
0:59.8	Thank you for joining us for this episode of A Book with Legs.
1:02.9	I'm very excited to welcome this episode's guests as I have treasured not one, but now two of their works.
1:09.8	I believe this book's central theme is legacy,
1:12.3	an important idea for each man and woman to contemplate for their own life.
1:16.1	Daniel Schulman is joining us to talk about his newly released book,
1:18.9	The Money Kings, the epic story of the Jewish immigrants
1:21.8	who transformed Wall Street and shaped modern America.
1:25.2	A little background on Daniel, Mr. Schulman has written for Boston Globe magazine, Politico, Vanity Fair, the Washington Post,
1:32.1	and Mother Jones.
1:33.3	He previously published the bestselling book, Sons of Wichita, which I commented on earlier.
	...

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