1929 vs 2025: Andrew Ross Sorkin on Crashes, Bubbles & Lessons Learned

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Alllin, Coronavirus, Calacanis, Palihapitiya, Health, Sacks, Friedberg, Allin, Entrepreneurship, Covid19, Gambling, Grow, Investing, Iq, Tips, Tech, Business, Jason, Startups, Poker, Technology, Money, Learn, Davidsacks, Davidfriedberg, Chamath

4.2 • 7.1K Ratings

🗓️ 16 October 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

(0:00) Chamath and Friedberg welcome Andrew Ross Sorkin to discuss his new book, "1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation"

(0:38) Why he chose this time period

(3:22) The setup: what led to the 1929 crash

(19:24) The characters: major players in the 1929 crash; what kind of bubble are we experiencing in 2025?

(26:21) Role of journalist vs market participant; characters of the 2025 market

(30:10) AI's potential 1929-like impact on unemployment

(35:16) Why socialism is flaring up now more than it did post-1929

(40:34) Does the US need a 2025 "New Deal" on cutting spending, tariff balancing act

(46:51) Film rights strategy

Buy Sorkin's new book:

https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966

Follow Andrew Ross Sorkin:

https://x.com/andrewrsorkin

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https://x.com/friedberg

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Intro Music Credit:

https://rb.gy/tppkzl

https://x.com/yung_spielburg

Intro Video Credit:

https://x.com/TheZachEffect

Referenced in the show:

https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966

https://archive.org/details/sim_ladies-home-journal_1929-08_46_8/page/n9/mode/2up

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, Sorkin, I just went through the comments.
0:02.2	The one question keeps coming up over again.
0:05.4	Why the fuck are you writing this book?
0:07.3	Jesus Christ, what a party pooper.
0:09.3	What a party pooper.
0:10.7	I don't know, man.
0:11.8	I think it's supposed to be, the book supposed to be like a beach read.
0:15.1	A beech read?
0:15.9	Yes.
0:16.4	Come on, did you read it?
0:17.3	My God, no.
0:18.4	I saw the title.
0:19.2	I was like, skip. I'm going all in. All right, besties. I think that was another epic discussion. People love the interviews. I could hear him talk for hours. Absolutely. We crushed your questions. A minute. We are giving people ground truth data to underwrite your own opinion. What are you going to say? That was fun. How much great? I'm doing all in. Chimot, you're going to love these characters.
0:41.2	I kid you. Underwrite your own opinion. What did you guys say? That was fun. I'm doing all in.
0:38.5	Chumap, you're going to love these characters.
0:41.1	I kid you not.
0:42.1	I kid you not.
0:43.4	The people who are involved in this at that time, like the main character?
0:48.5	I totally agree with you.
0:49.6	I am a huge, to be honest, I've studied this period for a while, actually.
0:53.1	I think it's great that you wrote this book.
0:54.3	I think it's incredibly fascinating.
	...

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