TIP589: STOCK MARKET CRISES & BUBBLES

W/ BRENDAN HUGHES

25 November 2023

On today’s episode, Clay is joined by Brendan Hughes to chat about his new book – Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more.

Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under management and primarily caters to high-net-worth individuals. 

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IN THIS EPISODE, YOU’LL LEARN:

  • What a market crisis is.
  • Why it’s important to study history as investors.
  • What led to hyperinflation in Zimbabwe.
  • The market crisis in Iceland that led to their stock market falling by 95%.
  • The lost decade of Japan.
  • Potential parallels between the bubble in Japan and markets in the US today.
  • Brendan’s biggest takeaways from studying market crises.
  • The US energy crisis in the 1970s.
  • Companies that perform best during inflationary periods.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Clay Finck: On today’s episode, I’m joined by Brendan Hughes to chat about his new book, Markets in Chaos. Markets in Chaos covers various market crises, including the COVID 19 pandemic, the Latin American debt crises, the South Sea bubble in France, Germany’s hyperinflation, post World War I, and many more cases.

[00:00:18] Clay Finck: Brendan is a registered investment advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. During this chat, we cover why it’s important to study history as investors, what led to the massive hyperinflation in Zimbabwe, the market crisis in Iceland that led to their stock market rising by 900 percent and then swiftly falling by 95 percent during the great financial crisis, The lost decade of Japan and the potential parallels Brendan sees between the Japanese stock market bubble and the markets in the US today and much more.

[00:00:52] Clay Finck: This was a very interesting discussion that really makes you take a step back and consider how we can best preserve our hard earned capital during the most extreme market periods. With that, I bring you today’s episode with Brendan Hughes.

[00:01:08] Intro: You are listening to The Investor’s Podcast where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.

[00:01:29] Clay Finck: Welcome to the Investors Podcast. I’m your host, Clay Finck, and today I am thrilled to be joined by Brendan Hughes. Brendan, thanks so much for joining me today. 

[00:01:38] Brendan Hughes: Thanks a lot for having me, Clay. I’m very happy to be a guest. 

[00:01:42] Clay Finck: I just finished reading your new book. It’s titled Markets in Chaos, a History of Market Crises Around the World.

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