MI369: The Anatomy of The Bear: Digging Through Financial History w/ Shawn O'Malley

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 16 September 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down two of the greatest bear market bottoms in stock market history which left stocks incredibly undervalued, as outlined by Russell Napier’s book The Anatomy of the Bear. You’ll learn why it’s important to study financial history, what bear markets have in common, how the bear market of 1921 differed from 1932, how the financial system has evolved over the last century, which factors really caused the Stock Market Crash of 1929 and the Great Depression, plus so much more! Prefer to watch? Click here to watch this episode on YouTube. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 01:31 - Why it’s important to study financial history 03:53 - What similarities and differences there are between major bear markets 08:51 - Why the Federal Reserve was first founded and how its role evolved 10:22 - What types of stocks led the stock market across the 1910s and 1920s 11:56 - What circumstances led up to the great bottom of 1921 and how you could have identified the bottom 38:44 - Why the economy boomed in the 1920s 47:17 - What sparked the Stock Market Crash of 1929 55:40 - How a stock market selloff turned into an economic depression *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Russell Napier's book, The Anatomy of the Bear. The Library of Mistakes website. Russell Napier’s newsletter. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Shawn: Twitter | LinkedIn | Email HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey guys, Sean O'Malley here.
0:05.0	Welcome to the Millennial Investing Podcasts.
0:07.0	On this week's episode, I'll be diving into two fascinating episodes of financial history.
0:13.0	When we zoom out on stock market charts, bear markets usually look like temporary little blips,
0:18.0	but in reality, the setup for bare markets can last for years.
0:22.4	Bear markets and recessions are a natural part of the economic cycle and an inevitable outcome
0:27.9	in free markets. Most of the time, investors would do well focusing more on better understanding
0:32.8	the companies in their portfolios than they would by worrying about the macro and big picture.
0:38.4	But that does not give us permission to completely ignore broader trends in financial markets. While it's easy to think
0:44.1	that our world today is completely different than it was a century ago, in many ways it's not.
0:49.8	Past market bottoms were not caused by people who are fundamentally less capable or knowledgeable
0:55.4	than we are today.
0:56.8	We are the descendants of our parents, grandparents, and great-grandparents, and if we aren't
1:01.5	careful, we'll commit the same financial mistakes that they did.
1:04.8	With financial markets, we have a real-time pricing of assets reflecting the sentiments
1:09.5	of millions of investors on a near daily
1:12.0	basis for at least the last 150 years.
1:15.7	That is an incredibly rich archive of objective data to drill into and study.
1:21.1	By digging up the context for the most severe periods in markets history, we can uncover
1:26.1	the stimulus for twists and turns in markets
1:28.3	while learning more about collective human judgment.
	...

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