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Odd Lots

Tech Stock Bubbles In the 17th Century

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 18 February 2019

⏱️ 36 minutes

🧾️ Download transcript

Summary

Jamie Catherwood is an investment analyst at Arthur J. Gallagher & Co. He's also a major financial history buff, and tells us the story of the tech stock bubble in the 17th century, when investors went crazy for schemes that facilitated underwater breathing and the search for sunken treasures.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Osage County, Oklahoma is getting a lot of attention right now.

0:04.4

It's the setting of Martin Scorsese's latest film,

0:07.8

Killers of the Flower Moon.

0:10.0

The movies based on a book about the 1920s Osage murders,

0:14.1

when white men poured into Osage County

0:16.4

and killed Osage people for their oil wealth.

0:20.1

I'm Rachel Adams Heard, the host of InTrust, a podcast from Bloomberg and I Heart Media.

0:26.8

For over a year I was reporting a different story about other ways white people got

0:32.1

Osage, land, land and wealth and how a prominent ranching family in Osage County became one of the biggest landowners here.

0:40.0

Their ranching empire was built on land that at the turn of the century was all owned by the Osage Nation.

0:47.0

So how did they get it?

0:49.0

Listen to the award-winning podcast, Trust on the I Heart Radio app Apple

0:55.3

Podcast or wherever you get your podcast. Hello and welcome to another episode of the Odd Lots podcast. I'm Tracy

1:14.7

Alaway and I'm Jill Wisenthall. So Joe you know we just recorded that

1:19.4

podcast with Lee Drogan where we were talking about tech stocks and earnings, right?

1:25.0

Yeah, I really like that one and is another one of one of our podcasts and they're kind of rare for what we do where we actually talk about markets right now as we're going

1:34.9

as are happening because we often sort of talk about esoteric stuff that doesn't directly

1:39.6

involve the day-to-day so I like that we got a chance to actually talk about what's happening right now.

1:45.0

Give the listener something useful.

1:48.0

I really dispute the notion that we talk about esoteric stuff, but as I say that, I realize that I'm a about Tracy, do you know what our podcast is called?

2:04.0

Odd thoughts?

2:05.4

But that's about Bond Trading.

...

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