William N. Goetzmann (born February 4, 1956) is the Edwin J. Beinecke Professor of Finance and Management Studies at the

Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executiv ...

, and a research associate of the

National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic c ...

. In 2018, he received the James R. Vertin Award by the Chartered Financial Analysts Institute Research Foundation "for a body of research notable for its relevance and enduring value to investment professionals".

Early life and education

Goetzmann is the son of Pulitzer and Parkman Prize-winning historian, William H. Goetzmann, and Mewes Mueller Goetzmann. He graduated from

Yale College Yale College is the undergraduate college of Yale University. Founded in 1701, it is the original school of the university. Although other Yale schools were founded as early as 1810, all of Yale was officially known as Yale College until 1887, ...

in 1978 with a degree in Art History and Archaeology, earned his MBA in 1986 from the

, and his Ph.D. from

Yale University Yale University is a Private university, private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the List of Colonial Colleges, third-oldest institution of higher education in the United Sta ...

in Operations Research with a dissertation on topics in finance in 1990. Prior to his academic career, Goetzmann worked as an archaeologist, a writer and producer of

PBS The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virginia. PBS is a publicly funded nonprofit organization and the most prominent provider of educat ...

documentaries, and served as the director of the American Museum of Western Art in

Denver, Colorado Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the Unit ...

during 1984–85.

Academic career

Roles

Goetzmann was made an assistant professor of finance at

Columbia University Graduate School of Business Columbia Business School (CBS) is the business school of Columbia University, a private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one of the oldest busi ...

beginning in 1990 and returned to Yale as an associate professor at the Yale School of Management in 1994, where he is currently a chaired professor. Since January 2021, he has served as the Executive Editor of the ''

Financial Analysts Journal The ''Financial Analysts Journal'' is a quarterly peer-reviewed academic journal covering investment management, published by Routledge on behalf of the CFA Institute. It was established in 1945 and , the editor-in-chief is William N. Goetzman ...

''. He is the faculty director of the International Center for Finance at the Yale School of Management, and faculty director of the school's Executive MBA program in Asset Management.

Research

His research focuses on asset management, investor behavior, and the history of global capital markets. He has written widely cited papers about investment fund performance, real estate, the long-term history of stock markets the economics of the art market. Following the 2008 financial crisis, Goetzmann co-authored a 2009 research report with Andrew Ang and Stephen Schaefer for the

Norwegian Ministry of Finance The Royal Norwegian Ministry of Finance (Norwegian: Finansdepartementet) is a Norwegian ministry established in 1814. The ministry is responsible for state finance, including the state budget, taxation and economic policy in Norway. It is led by T ...

evaluating the sovereign wealth fund's use of active management. This research provided ground-breaking recommendations on the use of factor investing for institutional portfolios.

Works

He has authored and co-edited a number of books, including ''Money Changes Everything: How Finance Made Civilization Possible'', a history of finance from antiquity to the modern era, and ''The Great Mirror of Folly: Finance, Culture, and the Great Crash of 1720'', about the world's first global stock market bubble. In 2020, he was featured in the newsletter, ''

Yale Insights The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives ...

'', with an article and a video that focus on the global financial bubbles that have occurred since the one that crashed in 1720.

References

External links

William Goetzmann's website

William Goetzmann's Yale SOM faculty website

SSRN Research and Papers
{{DEFAULTSORT:Goetzmann, William N. 1956 births Living people Yale College alumni Yale School of Management alumni Yale University alumni Yale School of Management faculty American economic historians American finance and investment writers Historians of economic thought 20th-century American non-fiction writers 21st-century American non-fiction writers Academic journal editors