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Josh White Profile
Josh White

@joshua_t_white

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Asst. Professor of Finance, Vanderbilt University @VanderbiltOwen | Former @SECGov economist | On leave as Senior Advisor at @PCAOB_news | Views ≡ mine

Nashville, TN
Joined January 2011
Don't wanna be here? Send us removal request.
@joshua_t_white
Josh White
1 year
@MaskedEcon @buccocapital Optimal strategy in life. Get job at sketchiest public company. Blow whistle. Profit.
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@joshua_t_white
Josh White
10 months
@lastpositivist @AnthonyLeeZhang We do know how to Excel.
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@joshua_t_white
Josh White
1 year
@tweetsbyparker
parker lyons
1 year
the libertarianism leaving VC’s bodies when their banks default
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@joshua_t_white
Josh White
1 year
Question for #econtwitter . Does anyone know who came up with this example of omitting important variables? My code is from 2019 and I cannot recall where I found it. You set up a dataset with quarters, dimes, nickels, pennies and the total. 1/n
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@joshua_t_white
Josh White
9 months
No matter what you think about retail investors, can we acknowledge that 4400 of them streamed and discussed @GaryGensler 's testimony today to the House Financial Services Committee in just one space? This is incredible. Nearly zero would have listened in 2019.
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DrewDiligence
9 months
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@joshua_t_white
Josh White
1 year
This CEO of Silicon Valley Bank, Greg Becker, is the same one that successfully lobbied Congress to raise the Dodd-Frank threshold from $50 to $250b that triggers enhanced standards such as stress tests & capital requirements. They had assets ~$200b before they collapsed. $SIVB
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@joshua_t_white
Josh White
8 months
@KarmaCollects @SusanneTrimbath @LightningHall35 Can confirm that Drew is both knowledgable and hospitable. Highly recommend joining a space with him. 💯
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@joshua_t_white
Josh White
9 months
@florianederer AMA is supposed to a question. His was more of a comment.
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@joshua_t_white
Josh White
11 months
Shout out to the student from 6 years ago that sent me a nice message on a Saturday. An assistant professor's career is around 90% rejection from journals and conferences in finance. They have no idea how much it means to hear you made a difference in someone's life.
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@joshua_t_white
Josh White
9 months
@paulgp I do not see a signed honesty statement at the top of the website.
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@joshua_t_white
Josh White
9 months
Did not have "kneecapping" or "rom-com" on my bingo card for @GaryGensler 's hearing today?
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@joshua_t_white
Josh White
10 months
So you want to do a PhD in finance, accounting, or econ? It is a Saturday in August 2023. And I am revising for the third round on a paper I started with a postdoc in 2018. And this is not atypical.
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@joshua_t_white
Josh White
9 months
The livestream will be here starting Wednesday (9/27) at 10am ET.
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@joshua_t_white
Josh White
9 months
@Ziqian_Xia Unprofessional. Plus it was Chat GPT’d. As evidenced by the non curly apostrophe and use of word thirdly. Do your best to not internalize it.
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@joshua_t_white
Josh White
5 months
My teaching days are all the same. 8am: I'm going to do A LOT before I teach this afternoon 9-noon: Accomplish nothing Noon-2pm: Wait, what am I teaching today? 2-4pm: Teach 4-10pm: Obsess over the one question I should have answered better Rinser. Lather. Repeat.
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@joshua_t_white
Josh White
8 months
DOJ spitting fire with this PR on the SBF ruling. 🔥 “This case is also a warning to every fraudster who thinks they’re untouchable…I promise we’ll have enough handcuffs for all of them.”
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@joshua_t_white
Josh White
1 year
Shocked and thrilled to be awarded Vanderbilt University's 2023 James A. Webb Award for Teaching Excellence. I feel undeserving, but am always inspired by the curiosity and resilience of Vanderbilt students. It is a privilege for a kid from a small town in East TN to help foster
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@joshua_t_white
Josh White
2 years
Did several journos tweet 500 N. King St in Wilmington? Which should be accurate once a month or so.
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@joshua_t_white
Josh White
7 months
Finance conference submission time...links and deadlines. Did I miss any? 1) SEC's CFMR: (11/15) 2) WFA (11/18) 3) Delaware Corporate Governance Symposium (11/20) 4) FIRS (11/20)
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@joshua_t_white
Josh White
1 year
@jenniferdoleac I am grateful for the @ASSAMeeting accommodating my virtual presentation. Had a back injury that prevented travel and coauthors were unavailable. Not ideal, but making the ASSA program and getting great feedback on a paper was massively important as a junior faculty member.
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@joshua_t_white
Josh White
1 year
@zrau Hahaha. I once saw Detroit t-shirt with palm trees while shopping in Norway.
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@joshua_t_white
Josh White
10 months
@MikeIsaac Proof that Jimmy was right. "If we couldn't laugh, we would all go insane."
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@joshua_t_white
Josh White
1 year
@WeSoUnderRated Had heart and back surgery and still taught 3 classes, supervised 2 MBA ind studies, mentored a postdoc, and published a paper. More than anything, learned about the mind-body connection.
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@joshua_t_white
Josh White
9 months
@ravini123 @HuckleberryHalt @JohnReedStark Will do all I can if folks send me info with very clear information. Will literally go to the very top of all of these organizations.
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@joshua_t_white
Josh White
9 months
👀
@PatrickMcHenry
Patrick McHenry
9 months
SEC Chair @GaryGensler refuses to schedule a Commission vote to provide Congress with requested documents. Should Gensler continue to stonewall, Republicans will have no choice but to issue the first subpoena to the SEC from my Committee to compel their production.
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@joshua_t_white
Josh White
9 months
Fractional share gift cards at Target. With a trading fee of around 20%. 🤦‍♂️
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@joshua_t_white
Josh White
9 months
My deerest friend decided to visit this morning.
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@joshua_t_white
Josh White
1 year
Just finished a replication report on a finance paper for the Management Science Reproducibility Project. Three observations: 1) Paper was fully reproducible ✅ 2) Learned a LOT about well-organized code 3) Came away with a research idea All journals should "replicate" this!
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@joshua_t_white
Josh White
7 months
So you want to do empirical corporate finance... I've spent the last 5 days hand collecting data for 1 of 40+ comments by reviewers. Morning until evening. For something that will likely be a footnote. On a project that is 3 years old and has 3500 obs in the main dataset. 😣
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@joshua_t_white
Josh White
1 year
I just peaked. Calling it a weekend...
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@joshua_t_white
Josh White
9 months
Woke up early with test anxiety (professors get this too). But found a paper acceptance waiting in my email. 🥳 Anxiety level zero.
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@joshua_t_white
Josh White
1 year
Excited to testify to Congress this Thursday! I'm scheduled to appear before the Subcommittee on Capital Markets of the House Financial Services Committee to discuss safeguarding investor interests in the proxy process. I hope you will stream it & share your perspectives with
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@joshua_t_white
Josh White
1 year
@mattturck Have you tried asking Jeeves about it?
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@joshua_t_white
Josh White
3 months
Each step forward, no matter how small, is progress.
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@joshua_t_white
Josh White
2 years
fwiw, have spoken with non-Block journalists that respect your editorial integrity
@fintechfrank
Frank ChapEurro
2 years
1) I'm absolutely gutted by this news, which was briefed to the company this afternoon. Underpinning my shock are feelings of utter disgust and betrayal by Mike’s actions, greed, lack of disclosure. He's literal scum. He kept every single one of us in the dark.
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@joshua_t_white
Josh White
1 year
@RMac18 @ellagirwin @kateconger Three sources is prob more than the number of employees in Trust & Safety.
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@joshua_t_white
Josh White
8 months
“Reproducibility in Management Science” Happy to participate in this important project as a reviewer along with ⁦ @charles_cy_wang ⁩ ⁦ @AustinStarkwea1 ⁩ ⁦ @Tyler_Menzer ⁩ & 700+ others. Let’s do the same at Finance and Accounting journals!
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@joshua_t_white
Josh White
9 months
@MetaGuyMarduk @KarmaCollects @ravini123 @HuckleberryHalt @JohnReedStark Thanks. Let me get up to speed on all the background info that was shared with me. And I will circle back later this week.
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@joshua_t_white
Josh White
10 months
@KhoaVuUmn I like to pick them up at the airport and challenge their identification strategy during the drive to the hotel.
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@joshua_t_white
Josh White
2 months
Final exam and course grades posted ✅ Out-of-office message crafted ✅ Time to go off the grid in the Smoky Mtns 🌄
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@joshua_t_white
Josh White
9 months
@robbezdjian I would not be surprised if more actions come out of this. But the next week will be very busy with enforcement actions or settlements. The SEC's fiscal year ends this month, so there is an incentive to bring and settle cases quickly to increase the tally.
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@joshua_t_white
Josh White
1 year
My academic research has been rejected without an opportunity to resubmit 24 times by peer-reviewed journals. 🤓
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@joshua_t_white
Josh White
5 months
40 page response. Single spaced. 35+ tables. 7 figures. And that is one of two reviewers. Be sure if you sign up for this job, that you really want it.
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@joshua_t_white
Josh White
8 months
@busybrands @JunkSavvy @bleedblue18 @robshapiro @JWesChristian @FNez_Blogger To clarify: I was invited by @HuckleberryHalt but have not confirmed. My schedule is tight that day due to prior appointments. Will see how it shakes out.
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@joshua_t_white
Josh White
1 year
No better feeling than 2 R&Rs in 2 weeks. 🤩 No scarier feeling that 2 R&Rs both with 40+ comments each. 😬 I know how Summer 2023 will be spent...
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@joshua_t_white
Josh White
1 year
Oh my! Did not have a Taliban endorsement of Twitter on my Bingo card today. @chancery_daily @lorakolodny I wonder if this is one of those 95 equity holders of X-Corp that were redacted?
@AnasHaqqani313
Anas Haqqani(انس حقاني)
1 year
Twitter has two important advantages over other social media platforms. The first privilege is the freedom of speech. The second privilege is the public nature & credibility of Twitter. Twitter doesn't have an intolerant policy like Meta. Other platforms cannot replace it.
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@joshua_t_white
Josh White
11 months
The most stressful thing as an assistant prof is replying to an R&R explaining why we cannot do a suggested analysis. I am sweating profusely. 😰
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@joshua_t_white
Josh White
1 year
In case anyone wants the simple code and data:
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@joshua_t_white
Josh White
3 months
If they only knew
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@joshua_t_white
Josh White
7 months
“What's happening at OpenAI is a 'governance failure,' professor says” Was fun to offer some midnight musings on governance…
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@joshua_t_white
Josh White
8 months
Chat GPT is down… Expecting millions of students to have exam nightmares and test anxiety from this episode.
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@joshua_t_white
Josh White
7 months
Me working on three ref reports this weekend while AI and cover letters are having an existential crisis.
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@joshua_t_white
Josh White
7 months
The @SECGov had until Nov 30 to "correct the defects” in the economic analysis that the 5th Circuit identified in the Share Repurchase Disclosure Modernization Rule. I see nothing in Bloomberg law on Dec 1 other than a denial of extension for more time on Nov 26. (1/4)
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@joshua_t_white
Josh White
3 months
Looking forward to testifying to the House Financial Services Committee this week the SEC's climate disclosure rule. I had the privilege of testifying to the HFSC's subcommittee on capital markets last summer. I hope you can tune in.
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@joshua_t_white
Josh White
9 months
@HuckleberryHalt @JohnReedStark Wonderful. Looking forward to hearing from you.
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@joshua_t_white
Josh White
6 months
@mwhiley06 @jen_kapela @GandalfWizz @FINRA @MikeCrapo Absolutely! I have offered my services on all of these issues--at zero cost--and that offer remains.
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@joshua_t_white
Josh White
1 year
If nobody claims it, will just give credit to @jmwooldridge and move on. 😂
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@joshua_t_white
Josh White
8 months
Have spent the better part of the past 72 hours reading through proxy statements. Will be writing a comment letter to the @SECGov on the need for standardized info on basics like board size, classification, members of committees, etc. Info acquisition costs are too high.
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@joshua_t_white
Josh White
9 months
@terminalarc This sentence suggests that the SEC believes the error in the code was unintentional. Had it biased towards shorts, it would have appeared much worse. Their quick correction after discovery and cooperation with the SEC likely reduced the penalty.
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@joshua_t_white
Josh White
6 months
@Kenny80252099 I haven’t dug into enough to opine, but at first glance it was surprising.
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@joshua_t_white
Josh White
2 months
Very few things in life are better than sharing a wonderful meal with great company
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@joshua_t_white
Josh White
2 months
That was fun
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@joshua_t_white
Josh White
10 months
@KhoaVuUmn Stick with me. That feeling when your 18 yo daughter breaks up w/ her BF. And he calls you crying on a Sat. And you're just trying to hit an NBER submission deadline on Monday...
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@joshua_t_white
Josh White
1 year
One of the most amazing things about academia is when a senior person in the profession is gracious with their time. And offers encouragement and pointed feedback on your work. Had that experience today and I am so grateful to this person! I hope to pay it forward someday.
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@joshua_t_white
Josh White
1 year
@RollingStone 😢 She was simply the best
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@joshua_t_white
Josh White
1 year
Sending my best to all the finance profs teaching semi-strong form market efficiency this week.
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@joshua_t_white
Josh White
1 year
Amazing story and dataset. And nice quote by @jagolinzer . ⬇️
@RobertFaturechi
Robert Faturechi
1 year
1/ NEW: For the last year, we have been combing through a trove of confidential stock trading data, allowing us to see how the titans of American industry make themselves even wealthier in the stock market. (THREAD)
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@joshua_t_white
Josh White
9 months
4.75% on a 10 year Treasury 🤯 Last time it was this high, you could still bank with Lehman and Bear Stearns
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@joshua_t_white
Josh White
7 months
Working on ref report #18 for the year. And two more in the queue. My apologies to that faculty member that said I will never have more free time than when I was a grad student. You were right and I doubted you. This crow is tasty.
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@joshua_t_white
Josh White
3 months
Finance academia lost a legend. One cannot put into words the impact that Michael Jensen had on corporate finance research and the profession.
@SpencerBarnes99
Spencer Barnes
3 months
Aww man :(
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@joshua_t_white
Josh White
1 year
@robbezdjian @GRDecter Nope. Literally everything you said is wrong.
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@joshua_t_white
Josh White
8 months
Giordano’s deep dish pizza in Chicago is worth every calorie.
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@joshua_t_white
Josh White
10 months
That surreal feeling when your kiddo is packed for her Frosh year of college. It seems like yesterday that I dropped her off for Kindergarten. Time flies.
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@joshua_t_white
Josh White
3 months
Everyone complaining about about the hefty 885 page SEC Climate rule is overlooking an important fact. Page 758 is blank, so it truly only 884 pages long.
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@joshua_t_white
Josh White
10 months
@thekillers Fifteen years later and we still do not know if we are human or dancer. Does this finally shed light on the answer?
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@joshua_t_white
Josh White
1 year
“US says 'real concern' about Tesla Autopilot driver interaction” They should be! Many FSD deaths seem to be omitted from NHTSA’s reports but appear in this database with source articles:
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@joshua_t_white
Josh White
7 months
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@joshua_t_white
Josh White
1 year
Maybe the best walk-off home run dance I’ve ever seen. Carlos Santana for the Pirates. 💯
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@joshua_t_white
Josh White
7 months
Really thought I would be a DJ and a firefighter. Not sure where I went wrong…
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@joshua_t_white
Josh White
1 year
"We urge Congress to act quickly to increase the $50 billion threshold...given the low risk profile of our activities and business model, such as result would stifle our ability to provide credit to our clients without any meaningful
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@joshua_t_white
Josh White
1 year
@RMac18 Florida legislature preparing a “Don’t Say Crash” bill as we speak.
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@joshua_t_white
Josh White
1 year
Sometimes the finance gods have a sense of humor. Sunrun's stock $RUN crashing due to the Silicon Valley Bank collapse. They literally chose the ticker "RUN" and are now getting drilled by a bank run. 🤦‍♂️
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@joshua_t_white
Josh White
1 year
Enjoyed watching @toniwhited present research for the @CBER_Forum on CBDCs. Of course, I liked the questions about regulation at the end...but the presentation was quite insightful. If you missed it, the video is here:
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@joshua_t_white
Josh White
11 months
@Econ_4_Everyone Economists are mean when their identify is anonymous!? I feel like there was an NBER paper on this recently. 🤔
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@joshua_t_white
Josh White
4 months
🚨Finance Postdoc Alert 🚨 Excited to announce Vanderbilt-Owen is once again hiring a postdoctoral scholar in finance for a two-year appointment. Please encourage any potential candidates to consider applying by March 10, 2024. Here is the posting on FEN:
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@joshua_t_white
Josh White
2 months
Jockey of horse #2 should send an email to Professor Derby. They are shocked and upset about their final position, worked super hard, and need this win really bad.
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@joshua_t_white
Josh White
5 months
Me, just before posting grades.
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@joshua_t_white
Josh White
9 months
Yes, I am cleaning walls because a ceiling fan mishap flung hummus all over my living room. No, I will not explain how it happened. 😳
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@joshua_t_white
Josh White
9 months
@Kory_Corner I agree that a $7m fine is not much of a financial deterrent to company that made $16b in profit last year. Here is my theory on why it was so low. ⬇️
@joshua_t_white
Josh White
9 months
@terminalarc This sentence suggests that the SEC believes the error in the code was unintentional. Had it biased towards shorts, it would have appeared much worse. Their quick correction after discovery and cooperation with the SEC likely reduced the penalty.
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@joshua_t_white
Josh White
10 months
Pretty sure peak Earth was 1992. Mostly peaceful, transportation was low cost, low inflation, zero social media, and no cell phones. Can publish endogenous results in "A" journals. And Crystal Pepsi was the worst crystal you could consume. Plus Batman Returns + grunge rock.
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@joshua_t_white
Josh White
9 months
A 2nd round rejection at an "A" journal on day 2 of a 2-week road trip. 2⃣2⃣2⃣ Literally received it here in AZ. Fortunately the paper hit at another A journal later. And I learned to never check emails when taking personal time.
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@SpencrGreenberg
Spencer Greenberg 🔍
9 months
A question for you: what's one of the biggest rejections you've experienced?
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@joshua_t_white
Josh White
1 year
@JohnHolbein1 "Wonder is the beginning of wisdom." - Socrates
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@joshua_t_white
Josh White
1 year
“Finance professor Ken French once said about stock buybacks: ‘Buybacks are divisive. They divide people who do understand finance from those who don’t’” This quote will be in my slides when we get to payout policy. 💯
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@joshua_t_white
Josh White
1 year
You can block me, mute me, or send me nasty DMs. But how long are we willing to watch children die from assault rifles before we do any one thing to protect our kids?! Blood is on the hands of every politician that waits one minute to solve this problem. And I grew up in
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@joshua_t_white
Josh White
5 months
Few things are more tortuous--as an academic--than revising the same paper, every day, for 5 months. 🤦‍♂️ Is this the intellectual equivalent of a hamster running on a wheel?
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@joshua_t_white
Josh White
1 year
Sorry. Down from 7500 to 1300. Down 83% not 85%.
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