Lessons from Financial History with Mark Higgins | Inflation, Bank Failures, Bubbles and More
Excess ReturnsMarch 14, 202400:54:11

Lessons from Financial History with Mark Higgins | Inflation, Bank Failures, Bubbles and More

There have been many significant events in the economy and stock market over the past several years. We have had inflation. We have had bank failures. We have had a pandemic. We have even had a potential bubble developing in the AI space. Despite their differences, there is one thing that all of these events have in common - all of them have happened before. And studying that history can allow us to better understand them and what they mean for the market and the economy. This week we are joined by the perfect person to help us do that. We speak with Mark Higgins, author of "Investing in U.S. Financial History: Understanding the Past to Forecast the Future." We discuss what all of us can learn from financial history and how we can apply that knowledge to become better investors.

00:00 - Intro
03:54 - The story behind the book
08:08 - How to best use history to relate to the current investing environment
12:21 - Relating the COVID crisis to history
17:52 - What we can learn about inflation from history
22:65 - The history of the Federal Reserve
27:58 - Lessons from history about bubbles
30:58 - Shadow banking and bank failures in history
35:30 - Putting current political polarization in a historical context
37:28 - Looking at deglobalization and history
39:24 - The history of pension plans
44:08 - Has active management gotten more difficult?
46:34 - Reasons for optimism about the future

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