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5min chapter
TIP520: Investing Through Post-bubble Markets w/ Jamie Catherwood
We Study Billionaires - The Investor’s Podcast Network
The Panic of 1907
SPF was once compared to JP Morgan or bailing out a lot of crypto companies. A large reason why it started was actually from a year earlier in April 1906 with the San Francisco earthquake. Over 50% of fire insurance companies in San Francisco were British, which becomes very important because this event had knock-on effects for global markets.
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