New Books in Finance cover image

New Books in Finance

Mark J. Higgins, "Investing in U.S. Financial History: Understanding the Past to Forecast the Future" (Greenleaf, 2024)

Mar 13, 2024
Delve into U.S. financial history from Hamilton to present. Learn warning signs of asset bubbles and how to manage crises. Understand why index funds are a safer investment. Explore historical debt consolidation and insider trading. Navigate shadow banking system and past financial crises. Reflect on threats to U.S. economic prosperity and historical resilience. Explore key historical financial events and their relevance today.
41:07

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Quick takeaways

  • Understanding financial history aids in advising during crises, showing the importance of long-term strategies.
  • Overreliance on alternative assets can lead to future risks, emphasizing the need for cautious financial strategies.

Deep dives

Understanding Financial History Through Crisis

Financial advisor Mark discusses how his book on financial history stemmed from the need to advise clients during unprecedented events like the COVID-19 pandemic. By studying past financial crises, he highlights that historical context helps in advising clients and maintaining a long-term strategy during crises. His book tracks major events over 233 years to provide insights for both calming clients and understanding the evolution of the U.S. economy.

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