What Financial Experts Won't Tell You About Money With Morgan Housel
Erika Taught Me
00:00
Why Did the Financial Crisis Happen?
I just wanted to answer the question, like, why did that financial crisis happen? I just wanted to try to explain it. There's nothing in an economics textbook that would explain why 2008 happened. But if you were looking through the lens of sociology or psychology, greed and fear could perfectly explain exactly what happened in 2008. That was really big because finance tends to be very dry and boring.
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