Very excited my new book, "Shut Up and Keep Talking: Lessons on Life and Investing From the Floor of the New York Stock Exchange”,is out Oct. 18,a summary of what I learned from 25 years on @NYSE floor. Available for pre-order on Amazon.More to come! https://t.co/hE0jGZ1c14 @CNBC
Richard Vague, my fellow Trustee of the @FinanceMuseum , just received a glowing review from the Wall Street Journal for his new book, The Banker Who Made America: Thomas Willing and the Rise of the American Financial Aristocracy, 1731-1821
Willing was the first president of the First Bank of the United States, chartered in 1791 and largely the creation of Alexander Hamilton, the first Treasury Secretary. It was not a central bank in a modern sense (it didn’t set monetary policy or act as a lender of last resort), but it was allowed to have branches in multiple states and lend money to the US government.
Hamilton also made two other bold proposals: that the government should assume the entire debt that both the states and the federal government had accumulated during the Revolutionary War, and that a mint should be established.
Both proposals were adopted.
The creation of the First Bank, along with the assumption of the Revolutionary War debts of the states and federal government, helped stabilize and improve the young nation’s credit. Assuming the debts of the states and the federal government gave investors (including foreign investors) confidence in the young government.
Creating the bank was one thing, but running it was another, and Richard’s book is about how Willing managed that feat and retain the confidence of the nation’s very early elite investors.
Congratulations Richard, for illuminating a very early and important corner of American financial history!
https://t.co/likzH7aoKL
The Art of Balance: Bob Pisani on Life Beyond Wall Street. Great chatting with @SilviaCDavi on what work & balance look like in my life right now, what fuels me outside of work, and the one daily ritual I never skip. https://t.co/5LIWe6khVc
The clock is ticking on Social Security. 70.5 million people collect Social Security benefits each month. It's going to run out of money by 2032, after that everyone is going to get a cut in their benefits. Fortunately, there are some options available
https://t.co/64WoA6KPAh
What a fourth of July weekend in Philadelphia!
I was in Philadelphia 50 years ago for the 200th anniversary Bicentennial in 1976, and my wife and I were again here for the 250th anniversary this weekend.
The highlight was witnessing the America250 ceremony on July 4th that buried a time capsule in front of Independence Hall, which will not be opened until July 4, 2276.
My friend Reggie Brown is a Commissioner of the U.S. Semiquincentennial Commission and was among several officials who spoke.
Reggie noted that Philadelphia was not just the birthplace of independence, it was also the birthplace of the first stock exchange, and the first federal bank, the First Bank of the United States, which just reopened to the public.
Reggie noted that the burial of a time capsule, particularly in front of the birthplace of our country, was “an act of optimism”:
“We are custodians of the past, and stewards of the future. By preserving the stories and artifacts of today, we create a bridge between the present and those who will come after us. Today’s ceremony is an act of optimism. It’s a message from one generation to Americans 250 years from now that we have faith that our nation will endure…the greatest gift we can leave our children and future generations isn’t inside the capsule, it’s a love of country, it’s a love of confidence, it’s the pursuit of excellence. It is the American dream.”
His remarks are below.
Thank you Reggie, and thank you Jennifer Condon, Executive Vice President of America 250, Steve Sims, superintendent of Independence National Historical Park, mayor Cherelle Parker of Philadelphia, and Tom Caramanico, Board Chair of Independence Historical Trust.
Happy Birthday, America!
Lessons on financial history and investing. Great fun to chat with @SteveSanduski on the @barronsadvisor podcast .
We talk about:
The Art of Storytelling in the stock market: what legendary UBS trader Art Cashin taught me about how to communicate complicated market concepts.
Behavioral Economics: what it is and why we all became behavioral economists after the dot-com bubble.
The awfulness of forecasting: why is forecasting so difficult, why are Wall Street pundits so bad at it, and can prediction markets help improve forecasting?
Staying calm: how financial advisors can help clients stay grounded even when the headlines are screaming.
Financial innovation: why we need to support new types of financial innovation like blockchain
Artificial Intelligence: how to look at the “AI will lead to large-scale layoffs” story.
Get rich slow: why we need to support long-term, get rich slow investing, not get rich quick, and why the stock market is not a casino.
Expanding the wealth pie: how to get more households involved in “investing culture”
The Dreams Business: what financial advisors are really in the business of providing.
Thanks Steve for a great conversation and great questions!
From Barron’s Advisor: Bob Pisani: Why Great Advice Is About Behavior, Not Bets, Jun 16, 2026
On Apple: https://t.co/lBwkoRyS67
On Spotify:
https://t.co/VpKO41Jo30
https://t.co/VpKO41Jo30
Museum of American Finance opening permanent exhibit space in Boston. Just in time for the nation’s 250th birthday, I am very excited that I will be in Boston one week from today for the long-awaited reopening of the permanent exhibit headquarters of the Museum of American Finance.
The Museum will open its new exhibit headquarters on Commonwealth Pier in the Boston Seaport on Friday, July 3.
It will be free to the public and will open with seven exhibits:
1️⃣ America in Circulation—An interactive exhibit on the history of U.S. currency.
2️⃣ Alexander Hamilton Experience—Featuring a multilingual AI-generated Hamilton, developed in partnership with the Fidelity Center for Applied Technology (FCAT®).
3️⃣ A Financial Revolution—The story behind the founding of the U.S. financial system.
4️⃣ Investing in U.S. Financial History—A six-station interactive timeline covering 250 years of American financial history.
5️⃣ Hub of Innovation—An exhibit exploring Massachusetts’ role in the nation’s financial and economic development, sponsored by sponsored by MassMutual.
6️⃣ The Future of Finance—A hands-on exhibit focused on emerging technologies, including blockchain and tokenization, sponsored by Bitwise Asset Management.
7️⃣ Personal Finance—Hands-on tools designed to help people build a healthy financial life, presented by the Personal Finance Institute.
I am honored to be a Trustee of the Museum and to have narrated a tour of the Museum and its opening exhibits.
More on the Museum here: https://t.co/TfAVi3XqUz
More on the reopening here: https://t.co/DsOfo1HfvX
Thank you to MOAF President David Cowen and Kristin Aguilera for their fantastic efforts, and to curators Richard Sylla Ric Edelman and Mark J. Higgins, CFA, CFP®
Hope to see you in Boston!
There's a lot of discussion about what, if anything, to do about market concentration in the major indices, and about the increasing role of active management, particularly in the ETF world.
I'm happy to participate in the ICE Index Forum at the @NYSE on June 23rd. I will be on a panel discussing how active investing is being embedded in index construction, why active managers are increasingly licensing their investment processes for the design of rules-based indices, and the implications on active and passive strategies on market concentration.
More info here: https://t.co/IweZtmyOwS
Wharton Professor Jeremy Siegel: First Bank of the United States was "the SpaceX of its day."
Wharton Professor Jeremy Siegel spoke at the reopening of the First Bank of the United States in Independence National Park in Philadelphia.
The bank, which opened for business in 1791, and the building itself, which opened in 1797, are integral to the history of the U.S. economy. Alexander Hamilton, then Secretary of the Treasury, designed the plan for the bank. The Bank helped stabilized the country’s finances, created a more reliable national currency, and laid the future groundwork for a national credit and banking system.
Professor Siegel said the Bank was critical to the success of the early U.S. government and that shares in the Bank were greatly oversubscribed.
He called it "the SpaceX of its day."
Professor Siegel and his wife Ellen Schwartz donated $2 million toward the $44 million restoration.
I was honored to co-emcee the event.
Congratulations to Jonathan Burton, the @IHTrust
team, and the National Park Service on the spectacular restoration.
Just in time for our country's 250th anniversary!
An historic bank is reopening in Philadelphia. After decades of being closed, the restoration of the First Bank of the United States in Philadelphia is complete. The bank and the building itself are integral to the history of the U.S. economy. Alexander Hamilton, then Secretary of the Treausry, designed the plan for the bank. The bank helped stabilized the country’s finances, created a more reliable national currency, and laid the future groundwork for a national credit and banking system.
The historic building will be celebrated with a sold-out reopening gala on June 16 and will officially reopen to the public on July 1, welcoming visitors back into one of the nation’s most important financial landmarks.
I am honored to be a part of that gala.
Congratulations to the National Park Service and the Independence Historical Trust, the philanthropic nonprofit partner that raises private support for Independence National Historical Park, for helping bring this remarkable project to life.
Learn more here: https://t.co/EFoKNjVuDq
Facebook: @IndeHistoricalTrust
@IHTrust
LinkedIn: https://t.co/WjmkNLOz5k
@GratefulDead heaven! The @HaightStreetArt center opening a new exhibit, "Forever Grateful," an unparalleled collection of artworks, instruments, and memorabilia that pays tribute to the timeless legacy of the Dead! On view in San Francisco July 3 to September 20, 2026. I'm going!
https://t.co/leC1BiLgFW
@SpaceX is going to raise more money in the IPO market than every IPO in the last two years combined. Can the IPO market absorb this much capital demand?
Besides @AnthropicAI and @OpenAI, there is a long line of IPO hopefuls waiting in the wings, including SK Hynix, SeatGeek, Discord, Oura, FalconX, and https://t.co/6eSVXPAmNM.
$SPCX
https://t.co/5OVqQnfSFL
You might want to reconsider chasing those meme stocks. Chasing high volatility stocks with extreme price swings became a national pastime during the Covid pandemic. The urge to chase stocks with "lottery-like" returns hasn't gone away, it's only gotten worse. A new study looks at what happened when retail investors flush with Covid stimulus checks bet on meme stocks during the pandemic. It didn't turn out well.
https://t.co/tmpOioBbKV
Great piece from @DaveNadig on the rush to deregulate. The main problem is that the Wall Street sellside completely controls the narrative. What is needed is more balance, more advocates for the buyside, the people who buy all of this. But in an up market, there is very little appetite for warning people about the downside of taking the guardrails away. Bottom line: We can and should support financial innovations like blockchain and stablecoins, but we need to do in a manner that does not introduce hidden systemic risks.
https://t.co/XaBynbDRKQ
Another great night of @GratefulDead music with the @StellaBluesBand and my friend @steveliesman at the Naumberg Bandshell in Central Park. This is the seventh annual Free Dead in the Park benefit, all to benefit @riverkeeper and it was the biggest one yet. So great Steve and the band help keep the music alive playing classics like "Sugaree" and "Box of Rain."
Worried that AI is coming for your job? Worried that AI and robots are going to control your life? Relax. This issue has been current in science fiction circles for nearly 100 years. Here's a look at nine classic science fiction stories that span 80 years from authors like Isaac Asimov and Philip K. Dick, who examine what happens when machines start replacing what humans do.
https://t.co/TdH97aU1GP