William N. Goetzmann …

                                            William N. Goetzmann

Office Information                                                 Personal Information

Yale School of Management                                          324 Livingston Street, New Haven,
Box 208200 New Haven,                                              Connecticut 06511 (203) 785-1629
Connecticut 06520-8200                                             Born 2/4/56, New Haven, Connecticut
E-mail: william.goetzmann@yale.edu                                 Married to Mariko Masuoka, Architect
Internet site: http://viking.som.yale.edu


Current Position

Edwin J. Beinecke Professor of Finance and Management Studies, Yale School of Management
Director, International Center for Finance at the Yale School of Management
Research Associate, National Bureau of Economic Research

Education

B.A. Yale College, 1978
MBA Yale School of Management, 1986
Ph.D. Operations Research (Finance) Yale University 1990

Teaching

Financial Management, Investment Management, Portfolio Management, Real Estate Finance, Mutual Funds,
Endowment Management, Hedge Funds, History of Finance, Empirical Methods in Finance.

Academic Honors & Awards

Real Estate Academic Initiative Harvard 2005
INQUIRE grant for research in hedge funds 2005
Real Estate Research Institute Grant, 2004
Pension Real Estate Association (PREA) Grant, 2004
INQUIRE grant for research in behavioral finance, 2003, with Massimo Massa.
BSI/Gamma Foundation Research Grant, 2002, with Massimo Massa, for research in mutual funds.
Honorable Mention, The William Sharpe Award for Best Paper (2000). Awarded for the best paper in 1999 by a
vote of the readership of the Journal of Financial and Quantitative Analysis.
 The Smith Breeden Distinguished Paper Award (2000), co-winner. Given to outstanding papers published in The
Journal of Finance.
Alumni Teaching Award, Yale School of Management (1998)
Roger F. Murray Prize, Institute for Quantitative Analysis, (1998)
Real Estate Research Institute Grant [RERI] (1997)
AREUEA Best Paper of the Year Award, Real Estate Economics (1997)
Institute for Quantitative Analysis research grant with Philippe Jorion (1996)
National Association of Realtors / Leonard Reaume Best International Real Estate Paper Award (1995)
Homer Hoyt Advanced Studies Institute & Weimar School of Advanced Studies in Real
Estate Award to Young Scholars in Real Estate (1994)
Co-winner, Review of Financial Studies Award for best finance article of the year (1992)
Research grant from The Futures Center, Columbia Business School (1992)
Richard and Hinda Rosenthal Prize for Innovation in Investment Management (1992)
Carr P. Collins Award for the best non-fiction book of the year (1987)
A. Conger Goodyear Award (1978)
Bates Traveling Fellowship (1977)
Past Positions

2005-1006        Visiting Professor of Finance, Harvard Business School
1994-1997        Associate Professor of Finance, Yale School of Management
1990-1994        Assistant Professor of Finance, Columbia Business School
1984-1985        Director of the Museum of Western Art, Denver, Colorado
1979-1990        Writer and producer of PBS documentaries with T.W. Timreck , New York

Publications in Finance


1. "Portfolio Performance Manipulation and Manipulation-Proof Performance Measures," with Jon Ingersoll,
Matthew Spiegel and Ivo Welch, forthcoming, Review of Financial Studies.

2."Efficiency and the Bear: Short-Sales and Markets around the World," with Arturo Bris and Ning Zhu,
forthcoming, 2007, The Journal of Finance.

3."China and the World Financial Markets 1870-1930: Modern Lessons From Historical Globalization," with
Andrey Ukhov and Ning Zhu, forthcoming, The Economic History Review.

4. "British Investment Overseas 1870--1913: A Modern Portfolio Theory Approach," with Andrey Ukhov. Review
of Finance, 2006 10(2):261-300.

5. "Pairs Trading: The Performance of a Relative Value Arbitrage Rule," with Geert Rouwenhorst and Evan Gatev,
Review of Financial Studies, vol. 19, no. 3, Fall 2006, pp. 797-827

6. "Where is the Weather Effect?" with Ning Zhu, European Financial Management, vol. 11, no. 5, November
2005, pp. 559-78.

7."Dispersion of Opinion and Stock Returns: Evidence from Index Fund Investors," with Massimo Massa, Journal
of Financial Markets, Volume 8, Issue 3, August 2005, Pages 324-349.

8. "Fees on Fees in Funds of Funds," with Stephen J. Brown and Bing Liang, The Journal of Investment
Management, 2004, 2(4).

9."Will History Rhyme? The Past as Financial Future," Journal of Portfolio Management, 30th Anniversary Issue,
September, 2004.

10. "The History of Corporate Ownership in China: State Patronage, Company Legislation, and the Issue of
Control," with Elisabeth Köll, in Randall Morck, ed., The History of Corporate Ownership: The Rise and Fall of
Great Business Families , University of Chicago Press.

11. "Short-Sales in Global Perspective," with Arturo Bris and Ning Zhu, in Frank Fabozzi, ed. Short Selling, John
Wiley and Sons.

12. "An Analysis of the Relative Performance of Japanese and Foreign Money Management Firms," by S. Brown,
W. Goetzmann, T. Hiraki and N, Shiraishi, Pacific-Basin Finance Journal, 2003, 11(4), pp. 393-412.

13."Long Term Global Market Correlations," with Geert Rouwenhorst and Lingfeng Li, 2005, Journal of Business,
volume 78: 1-38.

14. "Hedge Funds with Style," with Stephen J. Brown, Journal of Portfolio Management, Winter 2003, 29(2), pp.
101 - 112

15. "High-Water Marks and Hedge Fund Management Contracts," by Goetzmann, William N; Ingersoll, Jonathan
E, Jr; Ross, Stephen A Journal of Finance, vol. 58, no. 4, August 2003, pp. 1685-1717.
16."Daily Momentum and Contrarian Behavior of Index Fund Investors," with Massimo Massa, Journal of
Financial and Quantitative Analysis, 2002, 37( 3), September.

17. "Index Funds and Stock Market Growth," with Massimo Massa, 2003, The Journal of Business, 76,(1),
pp. 1-28.

18. "Day Trading International Mutual Funds: Evidence and Policy Solutions," with Zoran Ivkovic and K.
Geert Rouwenhorst, Journal of Financial and Quantitative Analysis, 36(3) September, 2001, pages 287-
309.

19. "Careers and Survival: Competition and Risk in the Hedge Fund and CTA Industry," with Stephen Brown and
James Park, The Journal of Finance, 200, 156(5) October, pages 1869-1886.

20. "The Japanese Open-End Fund Puzzle," with Stephen J. Brown, T. Hiraki, T. Otsuki and N. Shiraishi, Journal
of Business, January, 2001, 74(1) pages 59-77.

21. "Monthly Measurement of Daily Timers," with Jon Ingersoll and Zoran Ivkovic, Journal of Financial and
Quantitative Analysis, Summer 2000, 35(3) pp.257-290.

22. "Hedge Funds and the Asian Currency Crisis," with Stephen J. Brown and James Park, Journal of Portfolio
Management, 2002, 6(4), pp. 95-101, Summer.

23. "A New Historical Database for the NYSE 1815 to 1871: Performance and Predictability," with Roger Ibbotson
and Liang Peng, forthcoming, 2001, The Journal of Financial Markets. (4)1 (2001) pp. 1-32.

24. "Re-Emerging Markets," with Philippe Jorion, Journal of Financial and Quantitative Analysis, 34(1), March
1999, pages 1-32.

25. "The Dow Theory: William Peter Hamilton's Track Record Reconsidered,." with Stephen J. Brown and Alok
Kumar, Journal of Finance, 1998, 53(4), August, pp.1311-33. (Proceedings Volume)

26. "Global Stock Markets in the Twentieth Century," with Philippe Jorion, Journal of Finance, 1999, 54 (3), June,
pages 953-80.

27. "Off-Shore Hedge Funds: Survival and Performance," with Stephen Brown and Roger Ibbotson, Journal of
Business, 1999, 72(1), January, pages 91-117.

28. "Mutual Fund Styles," with Stephen Brown,     The Journal of Financial Economics; 43(3), March 1997, pages
373-99.

29. "Rejoinder: The J Shape of Performance Persistence Given Survival Bias," With Stephen Brown, Stephen Ross
and Roger Ibbotson, Review of Economics and Statistics, 79(2), Spring 1997, pages 167-160.

30. "Survival," with Stephen Brown and Stephen Ross, Journal of Finance, 50(3), July 1995, pages 853-73.
(Proceedings Volume)

31. "Cognitive Dissonance and Mutual Fund Investors," with Nadav Peles, Journal of Financial Research; 20(2),
Summer 1997, pages 145-58.

32. "A Longer Look at Dividend Yields," with Philippe Jorion, Journal of Business;68(4), October 1995, pages 483-
508.

33. "Performance Persistence," with Stephen Brown, June, 1995, Journal of Finance; 50(2), June 1995, pages 679-
98.
34. "Do Winners Repeat: Predicting Mutual Fund Performance," with Roger Ibbotson, The Journal of Portfolio
Management; 20(2), Winter 1994, pages 9-18. Abstracted in Financial Management Collection (1994) v. 9 no. 2,
Financial Planning February, 1995.

35. "Short Horizon Inputs and Long Horizon Portfolio Choice," with Franklin Edwards,           Journal of Portfolio
Management; 20(4), Summer 1994, pages 76-81.

36. "Testing the Predictive Power of Dividend Yields," with Philippe Jorion, Journal of Finance; 48(2), June 1993,
pages 663-79.

37. "Patterns in Three Centuries of Stock Market Prices," Journal of Business; 66(2), April 1993, pages 249-70.

38. "Survivorship Bias in Performance Studies," with Stephen Brown, Stephen Ross and Roger Ibbotson, Review of
Financial Studies v 5(4) 553-580. December, 1992 (Co-winner of the RFS Award). Reprinted in Andrew Lo,
Market Efficiency: Stock Market Behavior in Theory and Practice.

39. Economic Forces and the Spanish Stock Market," Informacion Commercial Espanola, with Cesar Gonzalez-
Bueno and Roger G. Ibbotson December, 1990.

40.The Effect of the `Triple Witching Hour' on Stock Market Volatility," Review of the Atlanta Federal Reserve
Bank; with Stephen P. Feinstein 73(5), Sept./Oct. 1988, pages 2-18

41. "Does Delisting From the S&P 500 Affect Stock Price?" with Mark Garry, Financial Analysts Journal, v 42(2)
March/April 1986, 64-69.

42. "Discussion: On Fads, Crashes and Asymmetric Information," in Richard Sylla and Mike Bordo, Eds. Anglo-
American Finance Systems: Institutions and Markets in the 20th Century, Irwin Publishers, 1995, pages 323-328.


Publications in Real Estate

1. "Institutional Perspectives on Real Estate Investing: The Role of Risk and Uncertainty," with Dhar, Ravi;
Journal of Portfolio Management, vol. 32, no. 4, Summer 2006, pp. 106-16.

2."Estimating Indices in the Presence of Seller Reservation Prices," with Liang Peng, Review of Economics and
Statistics, vol. 88, no. 1, February 2006, pp. 100-112.

3. "The Performance of Real Estate Portfolios: A Simulation Approach," with Jeffrey Fisher, Journal of Portfolio
Management, vol. 0, no. 0, Special Issue September 2005, pp. 32-45.

4. "The Bias of the RSR Estimator and the Accuracy of Some Alternatives," with Liang Peng, Real Estate
Economics, Spring, 2002; 30(1): 13-39.

5. "The Policy Implications of Portfolio Choice in Underserved Mortgage Markets," William N. Goetzmann and
Matthew Spiegel, in Nicholas P. Retsinas and Eric S. Belsky, eds. Low Income Homeownership: Examining the
Unexamined Goal, Harvard Joint Center for Housing and Urban Studies Conference and The Brookings Institution,
and Brookings Institution Press, 2002. Pages 257-274.

6. "The Global Real Estate Crash: Evidence From an International Database," with Susan Wachter, New York
University Stern School of Business Salomon Center publications, Real Estate Cycles, Editor, Stephen J. Brown.

7. "Two Decades of Commercial Property Returns: A NCREIF Index using Independent Appraisals," with David
Geltner Journal of Real Estate Finance and Economics 21(1) July, 2000, 5-22.

8. "Risks and Incentives in Underserved Mortgage Markets," with Brent Ambrose, Journal of Housing
Economics,7(3), September 1998, pages 274-85.
9. "A Spatial Model of Housing Returns and Neighborhood Substitutability," with Matthew Spiegel, The Journal of
Real Estate Finance and Economics; 14(1-2), Jan.-March 1997, pages 11-31.

10. "Do Cities and Suburbs Cluster?" with Matthew Spiegel and Susan Wachter, Cityscape, A Journal of Policy
Development and Research; 3(3), 1998, pages 193-203.

11. "Clustering Methods for Real Estate Portfolios," with Susan Wachter, Real Estate Economics; 23(3), Fall 1995,
pages 271-310. Winner, AREUEA Best Paper of the Year Award, Real Estate Economics.

12. "Non-Temporal Components of Real Estate Returns," with Matthew Spiegel, The Review of Economics and
Statistics;77(1), February 1995, pages 199-206.

13. "Homogeneous Groupings of Metropolitan Housing Markets," with Jesse Abraham and Susan Wachter, Journal
of Housing Economics, 3(3), September 1994, pages 186-206.

14. "The Single Family Home in the Investment Portfolio," Journal of Real Estate Finance and Economics;6(3),
May 1993, pages 201-22.

15. "The Accuracy of Real Estate Indices: Repeat Sales Estimators," Journal of Real Estate Finance and
Economics; 5(1), March 1992, pages 5-53.

16. "The Performance of Real Estate as an Investment Class," with Roger Ibbotson, Journal of Applied Corporate
Finance, with Roger G. Ibbotson 3(1) June, 1990, 65-76.


Publications in the Economics of Art

1. "Does Governance Matter: The Case of Art Museums," with Sharon Oster, in Edward L. Glaeser ed., The
Governance of Not for Profit Firms, The University of Chicago Press, 2003.

2."Private Value Components and the Winner's Curse in the Art Market," with Matthew Spiegel, European
Economic Review; 39(3-4), April 1995, pages 549-55 May, 1995.

3."How Costly is the Fall From Fashion?" in Victor A Ginsburgh, and Pierre-Michel Menger, eds. Economics of the
arts: Selected essays. Contributions to Economic Analysis, vol. 237. Amsterdam; New York and Oxford: Elsevier,
North-Holland, 1996, pages 71-84.

4."The Informational Efficiency of the Art Market," Managerial Finance, 21(6) pp.25- 24, 1995.

5."Accounting for Taste: An Analysis of Art Returns Over Three Centuries," American Economic Review 83(5),
December 1993, pages 1370-76.


Books

The Origins of Value: The Financial Innovations That Created Modern Capital Markets
Goetzmann, William N; Rouwenhorst, K Geert, eds Oxford and New York: Oxford University Press, 2005, pp. xii,
404.

The Equity Risk Premium: Essays and Explorations with Roger Ibbotson. 2006, Oxford and New York: Oxford
University Press.

Modern Portfolio Theory and Investment Analysis, Sixth Edition, with Elton, Gruber, Brown, Goetzmann. John
Wiley and Sons.
The West of the Imagination, 1986, second edition in press, with W.H. Goetzmann, University of Oklahoma Press.


Recent Working Papers and Chapters

"Risk Aversion and Clientele Effects," with Douglas Blackburn and Andrey Ukhov.

"Lessons from Hedge Fund Registration" with Stephen J. Bing Liang and Chris Schwarz

"Investor Expectations, Business Conditions, and the Pricing of Beta-Instability Risk," with Akiko Watanabe and
Masahiro Watanabe.

"Diversification Decisions of Individual Investors and Asset Prices," with Alok Kumar, ICF Working Paper, 2003

"Soft Information, Hard Sell: The Role of Soft Information in the Pricing of Intellectual Property," with Vicente
Pons-Sanz and S. Abraham Ravid, ICF Working Paper, 2004.

"Home Equity Insurance: A Pilot Project," with Andrew Caplin , Eric Hangen , Barry Nalebuff , Elisabeth Prentice,
John Rodkin , Matthew I. Spiegel and Tom Skinner, ICF Working Paper, 2003.

"The Impact of Clientele Changes: Evidence from Stock Splits," with Ravi Dhar and Ning Zhu, ICF Working Paper,
2003.

"Beauty is in the Bid of the Beholder: an Empirical Basis for Style" with Peter W. Jones, Mauro Maggioni and
Johan Walden, ICF Working Paper, 2004.

"Portfolio Diversification and City Agglomeration," with Massimo Massa and Andrei Simonov, NBER Working
Paper: 10343, 2004.

Institutional Affiliations

President , European Finance Association, 2006.
Program Chair European Finance Association Meetings, 2005.
Board member, The American Finance Association 1999-2001.
Executive Committee, European Finance Association.
Board Member, The Commonfund. Since 1999. Chair of the Audit and Risk Committee, 2005-2006.
Board Member, The Jeffrey Company, since 2006.
Independent Director, The Guardian Group of Mutual Funds, 2005-2006
Research Associate, National Bureau of Economic Research, Inc.
Member of the American Finance Association, European Finance Association, Western Finance Association,
American Economic Association, American Real Estate and Urban Economics Association, American Real Estate
Society, American Antiquarian Society, Connecticut Academy of Arts and Sciences. A fellow of Jonathan Edwards
College.

Academic Presentations

Chancellor's Distinguished Lectureship Series by the Department of Finance in LSU's E. J. Ourso College of
Business Administration, Louisiana State University, 2004, Columbia Graduate School of Business (1990,1993),
Cornell (2003), New York University Leonard Stern School of Business (1990 & 1997), Yale University School of
Management (1990), University of Connecticut (1992), University of Illinois (1995), University of Texas (1993,
1999, 2002, 2004), University of Wisconsin, Milwaukee (1994), Rutgers (1994), Berkeley (1994, 1995), Stanford
(1994), U.C. Irvine (1994), UC Davis (2004), Princeton (1995), Yale Department of Statistics (1995), University of
Illinois (1995), Washington University, Saint-Louis (1995), Northwestern University (1996), The Ohio State
University (1996), University of British Columbia (1997), UCLA (1997), Carnegie-Mellon (1997), INSEAD (1996,
2004), Harvard (1997), University of Houston (1997), London Business School (1997), Stockholm School of
Economics (1997) Boston College (1998, 2002), Virginia Tech (1998), USC (1998), University of Wisconsin
(1998), Berkeley Program in Finance (1999, 2003), Indiana University (1999) Duke University (1999), University
of Waterloo (1999), Santa Fe Institute (2000), Notre Dame (2003) Presentation at Peking University Yale Day
(2004) at the China Center for Economic Research, Presentation at the Shanghai Center for Law and Economics,
Beijing, (2004).

Chaired Conference Sessions

European Economic Association Meetings (1991) Predictability of Asset Returns
International Finance Conference, Georgia Tech (1997) International Market Micro-structure
American Finance Association Meetings (1997) Dynamics of Real Estate Markets
European Finance Association Meetings (2000, 2001) Equity Risk Premium, Mutual Funds
Western Finance Association Meetings (2003).

Papers Presented at Academic Conferences

Western Finance Association Meetings (1991,1992,1993,1995,1996, 1997, 1998, 1999,2000, 2002)
European Economic Association (1991,1994, 2001, 2002, 2003)
American Finance Association Meetings (1993,1994, 1995, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004)
American Real Estate and Urban Economics Association Meetings (1993,1994, 1995, 1997, 2001)
AREUEA Mid-Year Meetings (1997)
Second Conference on Financial Economics and Accounting, Buffalo (1991)
Eighth Conference on Financial Economics and Accounting, Buffalo (1997)
Chicago Center For Research on Security Prices (CRSP) Conference (1991)
Homer Hoyt Real Estate Center (1993, 1994)
 University of Connecticut New England Real Estate Conference (1993)
NBER Conference on Asset Pricing (October, 1993 & July, 1996)
NBER Meeting on Behavioral Finance, (February, 1994, Fall, 1999, Spring 2000)
European Finance Association (1995, 1997,2000, 2001)
Sixth Conference on Financial Economics and Accounting, Maryland (1995)
Second Annual Conference on the Pacific Rim, Rutgers (1996)
METEOR Conference, Maastricht (1996)
Chicago Board of Trade Fall Conference (Fall 1997)
UCLA Conference on Behavioral Finance (Spring 1998)
International Finance Conference, Georgia Tech (1997)
Western Finance Association Conference on Behavioral Finance (2000)
Japanese Indexing Summit (2000)
British Real Estate Society (1999)

Professional Presentations

Institute for Quantitative Analysis Spring Conference (1997)
Panagora Asset Management Client Conference (1995)
Instructor, Alliance Capital - Ibbotson Associates Research Institute (1993)
Instructor, Ibbotson Associates Asset Allocation Workshops in Chicago (1989-92)
Boston (1989-92), New York (1989-92), San Francisco (1989), Dallas (1990), Kuwait (1990) Zurich (1991),
Citicorp Investment Forum (1991) "Understanding Asset Allocation"
Lecture to Young CEO Organization November, (1992) "Post Election Economic Outlook"
Instructor, S.G. Warburg Associate Trainee Program (1993)
Ibbotson Associates Investment Decision Conference (1997)
CEIBA conference (1997)
CBOT conference (1997)

Teaching Cases Written

International Place I and II, with Irina Tarsis, HBS case.
Dubailand, with Irina Tarsis, HBS case.
Taubman REIT (2004) A Corporate Governance Real Estate Case.
Rivermore College (1990) A mean-variance optimization case, with software
Taurus Realty (1990) An advanced mean-variance case, with integrality constraints
Pied Piper Inc. (1990) A performance evaluation case, with software
El Lobo, Inc. (1990) An APT case with software
Leverage Brothers (1990) A simulation case with software
Hermes Investors (1990) with Jon Ingersoll. A portfolio insurance case with software
The Sears Tower (1991) with J. Silver and R. Walsh A real-estate negotiation case
Lincoln Towers (1991) A real estate negotiation case with a two-tiered offer
The Professional's Fund (1991) A real estate limited partnership case
Seabury Associates (1991) A hedonic regression housing valuation case
International Investors (1991) An international real estate case
Energy Engineering (1992) An international asset allocation case
Tuck Family Trust (1992) A bond portfolio case
Hightower Associates (1993) A pension planning case
New Line Cinema (1993) An M&A case
Fast Forward Forecasting, Inc. (1993) A stock market timing case
Hunter's Point Development (1994) A moderate income cooperative development
DeBartolo REIT: A 'Lemons Problem?' (1994) The shelving of a REIT
Acquira Co. (1995) A CAPM case for Financial Management I.
Housing Index Futures, Will They Work? (1995) A real estate derivatives case.
The Global Real Estate Crash (1995) A global asset allocation case.
Oilshaft, Inc. (1995) A futures hedging case, based upon Metallgeselshaft.
Going Global (1996) A global asset allocation case.
Oxford Associates (1998) A performance evaluation case

Editorial & Referee Duties For Professional Journals

Associate Editor, Review of Finance 2003-Present
Former Co-Editor, 1997 - 2000, with Susan Wachter and Joseph Gyourko, Real Estate Economics.
Co-Editor, with Dennis Capozza, University of Michigan: Financial Economics Network, Series E: Journal of Real
Estate Abstracts
Associate Editor, 1997 -2000, Journal of Finance.
Associate Editor , 1997- 2003 Journal of Financial and Quantitative Analysis.
Editorial Board Member, Journal of Portfolio Management, Journal of Real Estate Finance and Economics,
Emerging Markets Review (associate editorial advisory board member).
Referee for: Journal of Finance, American Economic Review, Real Estate Economics, Journal of Real Estate
Finance and Economics, Review of Financial Studies, Journal of Housing Economics, Journal of Political
Economy, Journal of Business, Journal of Financial Research.


Expert Witness Testimony & Legal Consultancy

Analysis and Support Research: Metallgeselschaft Corp. V. W. Arthur Benson, 1995.
Analysis and Expert Opinion: Re. Estate of Musa Guston, 1995. [Artist Phillip Guston]
Analysis and Expert Opinion: Re. Estate of Louise Nevelson, 1994.
Expert Witness Testimony: In the Matter of Andy Warhol, Deceased, 1993-94.
Analysis and Expert Opinion: Daniel J. Terra v. The Commissioner of Internal Revenue, 1993-94.
Research Assistant, Hunt Brothers silver case, 1986.
Expert Witness Report, Fee award arbitration for Texas, Mississippi and Florida attorneys in the tobacco litigation,
1998.
Arbitration Panel Testimony, Fee award arbitration for Texas attorneys in the tobacco litigation, 1998.
Expert in Class Action Suit, Ethan Shaw and Clive Moon vs. Toshiba America Information Systems, 1999. Expert
Report on Settlement Valuation.
Expert in Landmark Land Company vs.United States of America, 1999. Expert Report and depositions on Corporate
Asset Valuations.
Expert Testimony in Lindholm v. Brandt, 2005, Art- related case.
Expert Report in Class Action Suit, Lucent Technologies.


Media Appearances and Interviews

Regular guest on Faith Middleton's "The Smart Investor," on CT Public Radio, a joint production with the
International Center for Finance at the Yale School of Management. Financial News Network, CNBC, American
Public Radio: "Marketplace." Art and Auction, Bloomberg News Wire, Boston Globe Syndicated Column,
Businessweek, Christian Science Monitor, Dallas Morning News, The Economic Observer, The Economist, The
Financial Times, Money, Nationally syndicated column by Jane Bryant Quinn, The New Haven Register, New York
Post, The New York Times, Pensions and Investments, Reuters, Smart Money, U.S. News and World Report, USA
Today, Wall Street Journal, Worth Magazine.


Grants

National Endowment for the Humanities, 1980 (Film)
John Sloane Foundation, 1984 (film)
Coors Foundation, 1984 (Museum)
Various grants awarded to the International Center for Finance 1999-2005.

Other Publications

"The Arcadian Landscapes of Edward Curtis," Curatorial Essay for Whitney Museum Exhibition Catalogue The
Perpetual Mirage, 1996.
"The Case of the Missing Phylactery" Proceedings of the American Antiquarian Society, 95 1985.
"The Art of the Wild West" Exhibition Catalogue, Museum of Western Art, 1984.
Toys, Tools and Carvings, Artifacts of the Eskimo, Exhibition Catalogue (Yale University Art Gallery, 1978).
About Town: A New Look at Yale and New Haven (Overland Press, 1977) with Tom Hendricks.
Book review of When the Machine Stopped for the Los Angeles Times 1987.
Book review of Collecting the West, for the Western Historical Quarterly, 1990.
Book review of Prehistoric Architecture of North America for Parabola, 1981.
Book Review of Active Portfolio Management, by Richard Grinold and Ronald Kahn, 1996 (Journal of Finance)

Film, Television and Internet Credits

Creator, co-executive producer, co-writer Thomas Eakins, A Motion Portrait, an American Masters program,
broadcast nationally on PBS, 1986, winner of the Cine Golden Eagle Award.

Co-producer, writer The Mystery of the Red Paint People, a NOVA program, broadcast nationally on PBS, 1987,
Red Ribbon Winner, American Film Festival, Cine Golden Eagle Award.

Writer Augustus Saint-Gaudens' Masque of the Golden Bowl, an American Masters program, broadcast nationally
on PBS, 1987.

Writer, The Olde New England Concert, PBS Christmas Special, 1985.

Co-producer and Writer The Quest For Norse America, Broadcast on European and Scandinavian television 1993,
honorable mention in Cinarchaea Film Festival, Kiel, Germany 1996.

Cinematography Viking America, a NOVA program, broadcast January, 1995.