GoodFellows

John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University. His monetary economics publications include the book The Fiscal Theory of the Price Level and articles on monetary policy and inflation. His finance publications include the book Asset Pricing and articles on dynamics in stock and bond markets, the volatility of exchange rates, the term structure of interest rates, the returns to venture capital, liquidity premiums in stock prices, the relation between stock prices and business cycles, and option pricing. He has also written articles on macroeconomics, health insurance, time-series econometrics, financial regulation, and other topics. He was a coauthor of The Squam Lake Report. He writes occasional Op-eds, mostly in the Wall Street Journal, and blogs as “the Grumpy Economist” at grumpy-economist.com. He recently created the Coursera online course “Asset Pricing.” Cochrane is also a Senior Fellow of the Stanford Institute for Economic Policy Research (SIEPR), Professor of Finance and Economics (by Courtesy) at Stanford GSB, a Research Associate of the National Bureau of Economic Research, and an Adjunct Scholar of the CATO Institute. He is a past President and Fellow of the American Finance Association, and a Fellow of the Econometric Society. He has been an Editor of the Journal of Political Economy, and associate editor of several journals including the Journal of Monetary Economics, Journal of Business, and Journal of Economic Dynamics and Control. He was a director of the NBER asset pricing program. Awards include the Bradley Prize, the APEE Adam Smith award, the TIAA-CREF Institute Paul A. Samuelson Award for Asset Pricing, the Chookaszian Endowed Risk Management Prize, the Faculty Excellence Award for MBA teaching and the McKinsey Award for Outstanding Teaching. Before coming to Hoover, Cochrane was the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, where he taught the MBA class “Advanced Investments” and a variety of PhD classes in Asset Pricing and Monetary Economics. Cochrane earned a Bachelor’s degree in Physics at MIT, and earned his Ph.D. in Economics at the University of California at Berkeley. He was at the Economics Department of the University of Chicago before joining the Booth School in 1994, and visited UCLA Anderson School of Management in 2000-2001. Outside of academic pursuits Cochrane is a competition sailplane pilot, and enjoys cycling, windsurfing, skiing, and other outdoor activities.

Sir Niall Ferguson, MA, DPhil, FRSE, is the Milbank Family Senior Fellow at the Hoover Institution, Stanford University, and a senior faculty fellow of the Belfer Center for Science and International Affairs at Harvard. He is the author of sixteen books, including The Pity of War, The House of Rothschild, Empire, Civilization and Kissinger, 1923-1968: The Idealist, which won the Council on Foreign Relations Arthur Ross Prize. He is an award-making filmmaker, too, having won an international Emmy for his PBS series The Ascent of Money. His 2018 book, The Square and the Tower, was a New York Times bestseller and also adapted for television by PBS as Niall Ferguson’s Networld. In 2020 he joined Bloomberg Opinion as a columnist. In addition, he is the founder and managing director of Greenmantle LLC, a New York-based advisory firm, a co-founder of Ualá, a Latin American financial technology company, and a trustee of the New York Historical Society, the London-based Centre for Policy Studies, and the newly founded University of Austin. His latest book, Doom: The Politics of Catastrophe, was published in 2021 by Penguin and was shortlisted for the Lionel Gelber Prize.

H.R. McMaster is the Fouad and Michelle Ajami Senior Fellow at the Hoover Institution, Stanford University. He is also the Bernard and Susan Liautaud Fellow at the Freeman Spogli Institute and lecturer at Stanford University’s Graduate School of Business.  Upon graduation from the US Military Academy in 1984, McMaster served as a commissioned officer in the US Army for thirty-four years. He retired as a lieutenant general in June 2018 after serving as the twenty-fifth Assistant to the US President for National Security Affairs. From 2014 to 2017, McMaster designed the future army as the director of the Army Capabilities Integration Center and the deputy commanding general, futures, of the US Army Training and Doctrine Command (TRADOC). As commanding general of the Maneuver Center of Excellence at Fort Benning, he oversaw all training and education for the army’s infantry, armor, and cavalry force. He has commanded organizations in wartime including the Combined Joint Inter-Agency Task Force—Shafafiyat in Kabul, Afghanistan, from 2010 to 2012; the Third Armored Cavalry Regiment in Iraq from 2005 to 2006; and Eagle Troop, Second Armored Cavalry Regiment in Operation Desert Storm from 1990 to 1991. McMaster also served overseas as advisor to the most senior commanders in the Middle East, Iraq, and Afghanistan. He was a Hoover National Security Affairs Fellow from 2002-2003. McMaster holds a PhD in military history from the University of North Carolina at Chapel Hill. He was an assistant professor of history at the US Military Academy. He is author of the bestselling books Battlegrounds: The Fight to Defend the Free World and Dereliction of Duty: Lyndon Johnson, Robert McNamara, the Joint Chiefs of Staff and the Lies that Led to Vietnam. In August 2024, McMaster released his most recent book, At War with Ourselves: My Tour of Duty in the Trump White House. His many essays, articles, and book reviews on leadership, history, and the future of warfare have appeared in The Atlantic, Foreign Affairs, Foreign Policy, National Review, the Wall Street Journal, the Washington Post, and the New York Times. McMaster is the host of Battlegrounds: Vital Perspectives on Today’s Challenges and is a regular on GoodFellows, both produced by the Hoover Institution. He is a Distinguished University Fellow at Arizona State University.

Bill Whalen, the Virginia Hobbs Carpenter Distinguished Policy Fellow in Journalism and a Hoover Institution research fellow since 1999, writes and comments on campaigns, elections and governance with an emphasis on California and America’s political landscapes. Whalen writes on politics and current events for The Washington Post and Real Clear Politics, as well as Hoover’s California On Your Mind web channel. Whalen hosts Hoover’s Matters of Policy & Politics podcast and serves as the moderator of Hoover’s GoodFellows broadcast exploring social, economic and geopolitical dynamics. He also is the host of The Hoover Book Club showcasing new releases by Hoover fellows. Whalen has been a guest political analyst on the Fox News Channel, MSNBC and CNN. He’s also a regular guest on the nationally syndicated radio shows hosted by John Batchelor and Lars Larson. Whalen has served as a media consultant for California political hopefuls and aspiring policy leaders. His past clients have included former Governor Arnold Schwarzenegger, former congressman Tom Campbell and former Los Angeles mayor Richard J. Riordan. Prior to joining the Hoover Institution, Whalen served as chief speechwriter and director of public affairs for former California governor Pete Wilson. In that capacity, he was responsible for the governor's annual State of the State address, as well as other major policy addresses. Before moving to California, Whalen was a political correspondent for Insight Magazine, the national newsweekly and sister publication of the Washington Times, where he was honored for his profiles and analysis of candidates, campaigns, Congress, and the White House. In addition to his time in Washington as a political journalist, Whalen served as a speechwriter for the Bush-Quayle reelection campaign and was a senior associate with the public relations firm Robinson-Lake/Sawyer-Miller, offering media and political advice for domestic and foreign clientele. Whalen currently resides in Palo Alto, California.