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Lily Francus and Jesse Livermore — Understanding Financial Bubbles (EP.91)
Infinite Loops
Is Leverage Creating a Bubble?
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Bubbleology is the study of whether or not a stock market bubble has happened. This week, we look at if it's possible for us to consistently say that bubbles have occurred in the past. We'll start with jesse and then move on to Jessie and lily.jesse: I've been doing this since 19 82. Never evers a market wide financial collapse that at the heart was not over leverage. That was at the heart of every single collapse i watched happen. The one that i had personal experience with was long term of capital management. And then obviously the great financial crisis, where the firm that i had just left, barsterns, was forced into
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode