News Flash! The Saturday Morning Muse is now MONEY LESSONS with Andrew Temte, PhD, CFA! 

Since the beginning of 2025, the show has been focused on the topic of  financial literacy and we’ll be creating financial literacy lessons for the foreseeable future! 

In this episode of Money Lessons, Andy discusses the evolution of equity securities markets, focusing on mutual funds and index funds. 

He explains how these investment vehicles democratized access to the stock market, allowing ordinary Americans to achieve diversification and participate in equity markets. The episode highlights the historical context of mutual funds, the revolutionary impact of index funds, and the future of investing with technology.

In this episode of Saturday Morning Muse, Andy explores the evolution of financial literacy and the impact of information technology on stock trading. 

He discusses how the telegraph revolutionized communication in the 19th century, enabling faster and more efficient trading. The introduction of the stock ticker further democratized access to market information, but also led to new challenges such as manipulation and speculation.

In this episode of Saturday Morning Muse, Andy explores the historical evolution of stock ownership, beginning with the Roman Publicani and the Venetian Commenda. 

He discusses how these early systems of equity ownership laid the groundwork for modern financial practices through capital pooling and risk spreading for investment in major infrastructure projects and trading expeditions.