Excess Returns
The Fourth Turning Is Now | Neil Howe on the Coming Financial Reset and Who Rebuilds What’s Broken
May 17, 2025
Neil Howe, a world-renowned expert on generational theory and author, discusses his insights on societal shifts. He explores the identity crisis of Gen X as they transition into leadership roles and contrasts their individualism with Millennials' collective investing mindset. Howe highlights the significance of community in times of chaos, the cycling nature of history, and how past crises can shape the present. He also questions whether the next societal reboot will be driven by state or community efforts, painting a vivid picture of what may come next.
53:11
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Quick takeaways
- Generational theory highlights how Gen X's individualistic mindset contrasts with Millennials' collectivist approach to investing during economic instability.
- Crisis acts as a catalyst for community formation, driving togetherness and shared purpose, which is crucial for addressing societal challenges.
Deep dives
Generational Theory and Market Dynamics
Generational theory provides valuable insights into current societal trends and their implications for investors. Neil Howe suggests that historical cycles shape the behaviors and economic conditions experienced by different generations. For example, he discusses how Gen Xers navigated a sense of individualism and contrarianism due to the perception that future societal stability was uncertain. In contrast, Millennials adopt a more collectivist approach, illustrating a shift in investment strategies where they band together to mitigate risks in economic downturns.
