Episode Details

Clay Finck 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. 

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

02:12 - What a market crisis is.

05:42 - Why it’s important to study history as investors.

09:11 - What led to hyperinflation in Zimbabwe.

15:14 - The market crisis in Iceland that led to their stock market falling by 95%.

28:09 - The lost decade of Japan.

32:11 - Potential parallels between the bubble in Japan and markets in the US today.

47:53 - Brendan’s biggest takeaways from studying market crises.

53:44 - The US energy crisis in the 1970s.

58:06 - Companies that perform best during inflationary periods.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
• Brendan’s book: Markets in Chaos.
• Brendan’s firm: Lafayette Investments.
• Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
• Related Episode: TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham or watch the video.
• Connect with Brendan on LinkedIn.
• Follow Clay on Twitter.
• Check out all the books mentioned and discussed in our podcasts here.

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