19min chapter

New Books Network cover image

The Library of Mistakes: A Conversation with Russell Napier

New Books Network

CHAPTER

Learning from Financial History

This chapter discusses the essential role of the Library of Mistakes in understanding financial history to inform current practices. Speakers emphasize the importance of incorporating historical context into economic study, highlighting the disconnect between theoretical models and real-world investing experiences. The conversation also addresses the inherent challenges of making financial predictions amidst uncertainty, advocating for a balanced approach that includes personal narratives alongside empirical data.

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