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We Study Billionaires - The Investor’s Podcast Network cover image

TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham

We Study Billionaires - The Investor’s Podcast Network

NOTE

The Unpredictability of Financial Crises and the Breaking Point

The breaking point of the financial system is unpredictable, much like the first brick to fall in a dam/nThe financial and economic systems are complicated, and pressure builds as confidence falls and debt hurts/nThe unexpected nature of financial collapses is inherent and exemplified by the surprise collapses of Sterns and Silicon Valley/nIt is important to expect unexpected events in the financial and economic systems

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