Volatile markets, political upheaval, and economic uncertainty have left even seasoned investors wondering how to respond. But is there really such a thing as a “perfect” investment strategy?

In this episode of Dialogue with the Dean, Julian Birkinshaw speaks with Steve Foerster, finance professor at Ivey and author of two acclaimed books that blend behavioral finance, history, and practical wisdom. Together, they explore the psychology behind investor decision-making, the myths and realities of portfolio theory, and how timeless lessons can guide us through modern-day market chaos.

Packed with insight and perspective, this conversation offers practical guidance for investors looking to learn from history, develop their own philosophy, and make smarter decisions in uncertain times.

In this episode:

3:16 In Pursuit of the Perfect Portfolio

5:08 Harry Markowitz

9:46 William Sharpe

12:58 John (Jack) Bogle

18:50 Interviewing investing luminaries

20:27 Trailblazers, Heroes and Crooks

20:46 Ronaldo and Coca-Cola stock shock

23:09 Mastering inactivity

26:12 Power of keeping emotions in check

29:31 Upcoming biography on William Sharpe

To learn more about the research discussed in this episode, please visit:

Trailblazers, Heroes and Crooks

https://www.ivey.uwo.ca/impact/read/2024/10/trailblazers-heroes-crooks-and-smart-investing/

In Pursuit of the Perfect Portfolio

https://www.ivey.uwo.ca/news/news-ivey/2021/august/new-book-in-pursuit-of-the-perfect-portfolio/

Lessons on Learning from failure from a Nobel Prize winning economist

https://www.ivey.uwo.ca/news/news-ivey/2024/may/lessons-on-learning-from-failure-from-a-nobel-prize-winning-economist/

Impact Live – Market Mayhem: Investing amid chaos

https://www.ivey.uwo.ca/impact/watch/2025/03/impact-live-market-mayhem-investing-amid-chaos/