TIP589: Stock Market Crises & Bubbles w/ Brendan Hughes

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 26 November 2023

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Clay Finck is joined by Brendan Hughes to chat about his new book – Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more.

Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under management and primarily caters to high-net-worth individuals.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

02:12 - What a market crisis is.

05:42 - Why it’s important to study history as investors.

09:11 - What led to hyperinflation in Zimbabwe.

15:14 - The market crisis in Iceland that led to their stock market falling by 95%.

28:09 - The lost decade of Japan.

32:11 - Potential parallels between the bubble in Japan and markets in the US today.

47:53 - Brendan’s biggest takeaways from studying market crises.

53:44 - The US energy crisis in the 1970s.

58:06 - Companies that perform best during inflationary periods.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Brendan’s book: Markets in Chaos.
Brendan’s firm: Lafayette Investments.
Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected].
Related Episode: TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham or watch the video.
Connect with Brendan on LinkedIn.
Follow Clay on Twitter.

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Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:03.0	On today's episode, I'm joined by Brendan Hughes to chat about his new book,
0:06.8	Markets in Chaos.
0:08.8	Markets in Chaos covers various market crises, including the COVID-19 pandemic, the Latin American debt crises, the
0:15.6	South Sea bubble in France, Germany's hyper-inflation, post-World War I, and many more cases.
0:21.7	Brendan is a registered investment advisor for Lafayette
0:24.4	Investments and has more than a decade of industry experience in investments and
0:28.2	public finance. During this chat we cover why it's important to study history as investors what led to the massive
0:34.6	hyper-inflation in Zimbabwe the market crisis in Iceland that led to their stock market
0:40.4	rising by 900% and then swiftly falling by 95% during the great
0:45.7	financial crisis, the lost decade of Japan and the potential parallels Brendan sees
0:50.4	between the Japanese stock market bubble and the markets in the U.S. today and much more.
0:55.5	This was a very interesting discussion that really makes you take a step back and consider how we can
1:00.1	best preserve our hard-earned capital during the most extreme market periods.
1:04.6	With that, I bring you today's episode with Brendan Hughes.
1:08.1	You are listening to The Investors Podcast, where we study the financial markets and read the books
1:17.2	that influence self-made billionaires the most.
1:20.0	We keep you informed and prepared for the unexpected.
1:24.0	Welcome to the investors.
1:32.0	Welcome to the Investors Podcast. I'm your host Clay Fink and today I am thrilled to be joined by Brendan Hughes.
1:38.8	Brendan, thanks so much for joining me today.
1:41.4	Thanks a lot for having me, Clyde.
	...

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