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Prognosis: Misconception

Introducing: Crash Course

Prognosis: Misconception

Bloomberg

Health & Fitness, Science

4.1838 Ratings

🗓️ 5 January 2023

⏱️ 3 minutes

🧾️ Download transcript

Summary

Hosted by Bloomberg Opinion senior executive editor Tim O'Brien, Crash Course will bring listeners directly into the arenas where epic business and social upheavals occur. Every week, Crash Course will explore the lessons to be learned when creativity and ambition collide with competition and power -- on Wall Street and Main Street, and in Hollywood and Washington.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

The forces shaping markets and the economy are often hiding behind a blur of numbers.

0:04.8

So that's why we created The Big Take from Bloomberg Podcasts, to give you the context you need to make sense of it all.

0:11.5

Every day in just 15 minutes, we dive into one global business story that matters.

0:16.1

You'll hear from Bloomberg journalists like Matt Levine.

0:19.1

A lot of this meme stock stuff is, I think, embarrassing to the SEC.

0:23.3

Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen.

0:31.1

Crash course.

0:32.1

Crash course. Crash course. Crash course. Crash course. Crash course. And we saw

0:36.5

some crashes. Emphasis on crash.

0:39.6

From Wall Street to Main Street and from Hollywood to Washington, the news is filled with decisions,

0:46.5

turning points, deals, and collisions.

0:50.3

Investors saw this gusher of demand and seemed to assume that it could go on for a lot longer than it really was able to.

1:00.0

There's a business element to this too. They have to put up some kind of guardrails, if you will.

1:05.0

I'm Tim O'Brien, the Senior Executive Editor for Bloomberg Opinion.

1:09.0

And I'm your host for Crash Course, a weekly podcast from

1:12.4

Bloomberg and IHeart Radio. Every week on Crash Course, I'll bring listeners directly into the

1:18.4

arenas where epic upheavals occur. And I'm going to explore the lessons we can learn when

1:24.4

creativity and ambition collide with competition and power.

1:29.0

Like, if you make a mistake, you have to atone for your mistake. You should own up to your

1:33.1

mistake. They had the entire market, and then they have just been losing it ever since then.

1:39.9

Each Tuesday, I'll talk to Bloomberg reporters around the world, as well as experts and big names in the news.

1:46.6

Together, we'll explore business, political, and social disruptions, and what we can learn from them.

...

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