Are you looking for a new podcast about stuff related to money?

Well, today's your lucky day.

I'm Matt Levine.

And I'm Katie Greifeld.

And we are the hosts of Money Stuff, The Podcast.

Every Friday, we dive into the top stories about Wall Street, finance, and other stuff.

We have fun. We get weird, and we want you to join us.

You can listen to Many Stuff the Podcasts on Apple Podcasts, Spotify, or wherever you get your podcasts.

Bloomberg Audio Studios, Podcasts, Radio News.

Thank you. Radio Studios. Podcasts Radio News. Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Wisenthall.

And I'm Tracy Allaway. Tracy, it's been a theme in a lot of our episodes lately, but we are in an age where trading and speculation, it's just part of the culture. We know that stocks are up. We know that a lot of things are up, but that's different than it being part of pop culture, which it is now. It's a culture of lines. Lines going up. People watch the lines.

I really think that if you're walking down the street or on the subway and you see like a guy

staring down at his phone, there's a good chance that he's like looking at a Bitcoin chart.

Yeah. At any given moment. Well, this was one of the things about Bitcoin. It was so volatile.

There was actually something to watch. There's like an entertainment factor. But of course, when you get this kind of speculative activity, everyone starts worrying about when's it going to end? When's the crash? I have this theory that nobody likes bubbles and that basically, if there is a bubble, there's two camps of people. One camp that is really upset that they're missing out on it and one camp that is really anxious that they're going to miss the top and that there are actually very few people on the camp where it's like, oh, this is like really good. I'm really happy. I'm really relaxed. The people who nail the timing are pretty pleased with themselves, I assume. And there's like five of those people, you know,

like that's the problem. Afterwards, I was like, oh, I sold the top. I feel good. Yeah, absolutely.

Okay, so famous crashes. We're going to talk about one of them. You know, I remember the dot com

era very well. I don't remember the market environment we're going to talk about. The 1920s,

you have no memory of that? Shame on you.

I don't remember 1999 very well. I did read John Kenneth Galbraith's famous book, The Great Crash,

but there's a new book out on the great stock market boom and then crash of 1929. We are going to

be speaking with the author. Someone I'm thrilled to talk to someone whose accomplishments and work, I think,

...