
William N. Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies and Faculty Director of the International Center for Finance at the Yale School of Management. He is an expert on a diverse range of investments. His past work includes studies of stock market predictability, hedge funds and survival biases in performance measurement. His current research focuses on alternative investing, factor investing, behavioral finance and the art market.
Professor Goetzmann has written and co-authored a number of books, including Modern Portfolio Theory and Investment Analysis (Wiley, 2014), The Origins of Value: The Financial Innovations that Created Modern Capital Markets (Oxford, 2005), The Great Mirror of Folly: Finance, Culture and the Crash of 1720 (Yale, 2013) and most recently, Money Changes Everything: How Finance Made Civilization Possible (Princeton, 2016). He teaches portfolio management, alternative investments, real estate and financial history at the Yale School of Management.
Expertise
Education
- PhD, Yale University, 1990
- MBA, Yale School of Management, 1986
- BA, Yale College, 1978
Courses
- World Financial History MGT 649
- Self-directed Study AssetM MGT 690
- Selfdirected Study- Asset Mgmt MGT 690
- ColloquiumHealthcareLeadership MGT 699
- Management Colloquium - Asset Management MGT 699
- Portfolio Mgmt: Alternative Portfolios MGT 807
- Prtfolio Mgt 3:Alter Portfolio MGT 807
- Cases in Commercial Real Estate MGT 849
Selected Articles
The Financial Analysts Journal and Investment Management
The Present Value Relation over Six Centuries: The Case of the Bazacle Company
Momentum in Imperial Russia
Negative Bubbles: What Happens after a Crash
Hedge Funds and Stock Price Formation
Selected Books
Working Papers
Fibonacci and the Financial Revolution
Modeling and Measuring Russian Corporate Governance: The Case of Russion Preferred and Common Shares
Home Equity Insurance: A Pilot Project
Estimating Indices in the Presence of Seller Reservation Prices
Investor Sentiment in Japanese and U.S. Daily Mutual Fund Flows
Achievements
- Best Paper Award, Journal of the European Financial Management Association, 2018
- James R. Vertin Award, CFA Institute Research Foundation “for a body of research notable for its relevance and enduring value to investment professionals”, 2018
- Jack Treynor Prize, Q-Group for superior academic working papers with potential applications in the fields of investment management and financial markets, 2018
- President, Western Finance Association , 2010
- Past President, European Finance Association, 2006