The market has been in a fairly specific type of behavior since 2009. It's easy to imagine being a hedge fund analyst who graduated in 2009 and has just been learning in this environment. After it's been happening for 10 or 20 years, you stop even kind of considering how it would affect your trades if it were to change. Then you can get massive problems like the huge financial collapse when the mortgage industry went down.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode