Stay Tuned with Preet The 1929 Stock Market Crash: Can It Happen Again? (with Andrew Ross Sorkin)
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Nov 13, 2025 
Andrew Ross Sorkin, a renowned New York Times financial columnist and author, dives deep into the 1929 stock market crash. He discusses the slow-build nature of the collapse, key figures involved, and President Hoover's complicated role. Sorkin highlights lessons learned about market regulation and the importance of investor protection. He draws parallels between past and modern financial crises, including today's tech booms. The conversation also touches on the public's sentiment toward wealth and the ongoing debate between speculation and conservative investing.
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Crash Was Slow, Not A Single Day
- The 1929 crash was a slow-motion event, not a single-day disaster with one defining date.
- The market fell ~50% into November 1929 but ended the year only ~17% down, so the real damage unfolded later.
Margin Debt Multiplied Losses
- Many ordinary investors bought stocks on extreme margin, sometimes 10-to-1, which amplified losses when prices fell.
- Margin debt converted a market decline into personal financial ruin for countless households.
Sunshine Charlie And Margin Mania
- Charlie Mitchell, 'Sunshine Charlie,' popularized margin credit and ordinary Americans buying stocks with borrowed money.
- He pushed democratization of finance by making stock purchases as common as buying a necktie, fueling speculative mania.
