Chapter
Historical Financial Panics and Lessons from Warren Buffett
53:23 - 58:18 (04:54)
The podcast discusses the financial panic of 1907 and how investors and bankers alike should learn from Warren Buffett’s insights surrounding market panics and financial crises.
Clips
In the lead up to the panic of 1907, the cost of land saw a significant increase as people rushed to buy up real estate.
53:23 - 56:13 (02:50)
Real Estate Bubble
Summary
In the lead up to the panic of 1907, the cost of land saw a significant increase as people rushed to buy up real estate. While it resulted in large gains for some, it ultimately contributed to the eventual bursting of the bubble.
ChapterHistorical Financial Panics and Lessons from Warren Buffett
Episode#103 The Richest Woman in America: Hetty Green in the Gilded Age
PodcastFounders
The complexity of the world far outweighs what our human brain can comprehend, leading to herd-like tendencies and false beliefs in economic cures and predictions.
56:13 - 58:18 (02:04)
Economics
Summary
The complexity of the world far outweighs what our human brain can comprehend, leading to herd-like tendencies and false beliefs in economic cures and predictions.