Are We Reliving 1929? Parallels to Today’s Market Mania — ft. Andrew Ross Sorkin | Prof G Markets

Video Description

This week on Prof G Markets, Ed Elson and Scott Galloway are joined by Andrew Ross Sorkin, editor-at-large of DealBook at the New York Times and co-anchor of CNBC’s Squawk Box, to discuss his new book, “1929,” and the striking parallels between the great crash and today’s markets environment. He delves into the lessons we can learn from past financial crises, shares his insights on the upcoming New York mayoral race, and offers expert tips on the art of compelling storytelling. Subscribe to our Markets Newsletter! https://links.profgmedia.com/markets-newsletter Order Algebra of Wealth now! https://links.profgmedia.com/algebra-of-wealth Timestamps: 00:00 - Today’s number 00:23 - Today’s episode 04:57 - Interview with Andrew Ross Sorkin 06:34 - What happened in 1929? 08:32 - Why was the stock market crash in 1929 so significant? 09:06 - Who were your favorite characters to research, and do they have modern parallels? 11:34 - Would you describe 1929 as a slow-moving disaster? 13:57 - After your research, are you more or less convinced we’ll see major market value destruction? 16:30 - What were some of the connections that you made between what happened in 1929 and what is happening today? 22:54 - What lessons can we learn such that when the stock market corrects, it's not as painful and as destructive as it was back then? 24:44 - Ad Break 25:00 - If you wanted to put someone “in the room” of the markets today, how would you describe it? 27:41 - Will an orgy of corruption and grift mark this age economically? 28:26 - Was the grift that we saw in 1929 on the same level as what we’re seeing now or was it worse? 30:09 - What do you think the mayoral race says about the moment in New York? 36:23 - What does the business community think about the question of whether people still believe in capitalism? 39:20 - Ad Break 39:37 - What did it take to write your book while juggling an extremely demanding career? 42:28 - What drives you? 44:05 - What is your advice for how to tell a great story and how did you get so good at storytelling? 45:59 - How did you get to know all the characters in 1929, considering you did not know them? 47:53 - What do you think is going through Sam Altman’s head right now? 49:41 - If you were going to start a media company from scratch right now, what would it look like? 50:35 - What have been your learnings as a dad and a husband? 52:31 - Any marriage advice? 53:29 - Ad Break 53:38 - Conclusion 01:00:33 - Credits Subscribe to Prof G Markets on Spotify: https://links.profgmedia.com/markets-spotify Got a question for Prof G? Get answers on TikTok: https://links.profgmedia.com/tiktok Want more Prof G? Check out everything we're up to at: https://links.profgmedia.com/home #business #news #tech #financemotivation #stockmarket #profg #scottgalloway #profgmarkets #ai #earnings #stocks #inflation #investmentstrategies #investment #investing #gdp #podcast #recession #tariffs #ratecut #fed #trump #presidenttrump #andrewrosssorkin