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Morgan Housel

The Dr. Drew Podcast

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What Is the Value of Holding Cash in Your Checking Account?

In the early 19 thirties, virtually every one of his posts says, i'm so worried about hyper inflation. The other thing he makes us quote in 19 32 is everyone knows that stock prices are the bargain of a lifetime but nobody has any cash to take advantage of. In two thousand eight, the number of people, smart people on t v said, hyper inflation right ound the corner. It's come and was everywhere, and it wasn't. So like those two parallels of firinin the wrong thing. I think you said you've read it more than a couple of times. Just i going to put you on the spot did anything about anything still stand out to you

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