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EssentialThe Essential Conversation

It Can Pay Today To Remember Yesterday's Excesses

Featuring Jamie Catherwood and Alfonso Peccatiello

Jan 19, 2022 • 33 minutes

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Essential

The Essential Conversation

It Can Pay Today To Remember Yesterday's Excesses

How would 19th century Wall Street react to 21st Century NFTs?

Featuring Jamie Catherwood and Alfonso Peccatiello

Jan 19, 2022 • 33 minutes

What can the past tell us about present markets, speculation, and the inflation and collapse of bubbles? The NFT craze and the prices people are paying for nothing more than mere JPEGs surely raise cries of excess. “Right now, there are a lot of questionable areas,” notes Jamie Catherwood, an expert on financial history. “But, over the long term, in 20 years, it will be like the dot-com bubble. A lot of companies were wiped out. But there are some massive companies that are still thriving today. From the ashes a couple phoenixes will arise.” Invoking Mark Twain, Alfonso Peccatiello, author of the Macro Compass newsletter, asks Catherwood, founder of Investor Amnesia and an associate at O’Shaughnessy Asset Management, if history rhymes and whether we’re in the midst of multiple manias. Catherwood offers a guided tour of the 19th century, a time when financial bubbles proliferated and “bucket shops” – glorified gambling parlors – thrived on Wall Street. Tune in for Catherwood’s response to Peccatiello’s Twain-esque question about how the past can inform investor decisions about the present. Recorded on January 13, 2022. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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