A passion for finance started with a 1980s television series for Marwin Glenn ’17, MS ’19. “I used to watch Family Ties with Michael J. Fox,” says Glenn, a Master of Finance candidate with an undergraduate degree in international business. “He was always focused on his end goal, being successful.” Glenn liked the mindset, so he started investing when he joined the U.S. Marine Corps in 2005. “I bought in securities just to get a little experience,” he says.

Pressure to deliver quarterly returns can drive managerial myopia. Recent studies link the short-termism to Wall Street culture and dynamics. But a deeper analysis tells a different story.

Wall Street traders play for higher stakes than Monopoly rivals collecting plastic houses and fake money. But finance professor Albert “Pete” Kyle, author of landmark research on market microstructure, sees both activities as examples of games. As a child growing up in Memphis, Tenn., Kyle enjoyed strategy games like checkers, chess, poker and bridge — especially when winning required a degree of speculation. He also enjoyed market simulations like Monopoly.

Many Bitcoin buyers can't explain their investment because they don't understand how cryptocurrency works. Smith School finance professor Joe Rinaldi and two students provide this primer to help reduce the confusion.