Easy Money, Government Stimulus, Speculative Boom: Lessons from The Great Depression

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 14 June 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Most eyes are on the Federal Reserve in advance of (we assume) another interest rate hike. (0:25) Bill Mann discusses:
- What he's watching in the market
- Where he's been putting his money to work and which stocks he's been buying
- His relative disinterest in IPOs as an event

(13:23) Morgan Housel joins Alison Southwick and Robert Brokamp to talk about the speculative boom that caused the Great Depression, and how those lessons apply for investors today.

Stocks discussed: BRK.A, BRK.B, MA, GOOG, GOOGL, DPZ

Host: Chris Hill
Guests: Bill Mann, Alison Southwick, Robert Brokamp, Morgan Housel
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl

Transcript

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0:00.0	Today we've got Morgan Howell doing what he does best, looking at financial history and
0:09.8	drawing lessons for today.
0:11.8	Motley Fool Money starts now.
0:15.2	I'm Chris Hill and I'm joined by Motley Fool's Senior Analyst Bill Mann.
0:24.2	Thanks for being here.
0:25.2	Hey Chris, how are you?
0:28.0	I'd be doing better if the market was going higher, but in that sense I have a lot of company
0:33.2	down I.
0:34.3	We would all be doing a little bit better if the market was going higher.
0:37.5	Yes, exactly.
0:38.5	I mean I guess the good news is that you're not necessarily wondering what you have done
0:42.8	wrong.
0:43.8	No.
0:44.8	No, that is true, so that is some solace.
0:49.7	I wanted to get your thoughts on just sort of stepping back.
0:53.8	I mean sure we could talk about Oracle's earnings if you really want to, but I'm sort
1:00.0	of more interested in Bill Mann's big picture view of where things are right now because
1:08.1	something Jason and I had talked about yesterday was just the level of pessimism in the market
1:15.6	right now.
1:18.1	And I don't want to say it's unfounded because when you have smart people like Jamie
1:22.6	Diamond coming out and saying I think there's an economic hurricane coming and the only
1:27.9	question is how bad it's going to be.
	...

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