December 7, 2006 – Francis X. Diebold

December 7, 2006

  • Social interaction
  • Discussion of current issues and events
  • And a lively conversation with our featured speaker

Francis X. Diebold
Professor of Finance and Statistics,
Wharton School, University of Pennsylvania

Volatility and Investing:
A Fifty-Year Overview

Francis X. Diebold is W.P. Carey Professor of Economics, and Professor of Finance and Statistics, at the University of Pennsylvania and its Wharton School, and Faculty Research Associate at the National Bureau of Economic Research in Cambridge, Mass. He is a leader in financial and macroeconomic modeling, forecasting and risk management, with extensive experience simultaneously in academic, corporate, and policy circles.

Diebold has published more than one hundred articles and ten books and edited volumes, including the leading text, Elements of Forecasting, now in its third edition, and the volume of collected macroeconomic works, Business Cycles: Durations, Dynamics, and Forecasting. He has received widespread recognition for his research, including election to advisory and editorial boards of numerous leading journals, election to Fellowship in the American Statistical Association and the Econometric Society, and Sloan, Guggenheim and Humboldt awards. Articles on his work have appeared in leading popular press outlets, including Newsweek and The Economist.

Diebold is also active in policy and corporate affairs. He has served on numerous boards and is consulted regularly by financial firms, central banks, and policy organizations, worldwide. He is a founding member of the Mercer Oliver Wyman Institute, a cooperative undertaking between Mercer Oliver Wyman and the international academic community, whose mission is to facilitate and accelerate knowledge transfer between academia and the financial services industry. Diebold is a popular lecturer, both in the U.S. and internationally. He is active in executive education and has received several prizes for outstanding teaching. His ongoing annual lecture series include those at FAME (Geneva) and at the International Monetary Fund (Washington, DC). He has held visiting appointments in Economics and Finance at Princeton University, Cambridge University, the University of Chicago, the London School of Economics, Johns Hopkins University, and New York University.

Diebold received his B.S. from the Wharton School in 1981 and his Ph.D. in 1986, also from the University of Pennsylvania. Before returning to Penn in 1989, he worked as an economist under Paul Volcker and Alan Greenspan at the Board of Governors of the Federal Reserve System in Washington DC. He is married with three children and lives in suburban Philadelphia.

  • We gather at 7pm on the first Thursday of each month and begin our organized meeting around 7:30.
  • The featured speaker is normally introduced at about 8. The meeting continues until about 10.
  • Please note: Junto is not the usual sort of meeting with a long speech followed by Q & A. Invited speakers give a short presentation, and then are challenged to defend their assertions. Discussions are intense, but polite.

General Society Library
20 West 44th St.
Between 5th & 6th avenues, near Grand Central Terminal

Subway: 4, 5, 6, 7 to Grand Central – 42nd St.,
B, D, F, V to 42nd St. – Sixth Ave., or
1, 2, 3, 9, N, Q, R, S, or W to Times Square – 42nd St.

Admission is free, and no reservation is necessary.

Junto focuses on libertarianism, Objectivism — the philosophy of Ayn Rand — and investing.

Our founder and host is Victor Niederhoffer, publisher (with Laurel Kenner) of Daily Speculations.


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