Investment Bubbles in History: Interview with Dr. Andrew Odlyzko
Release Date: 06/30/2020
Investment Bubbles in History: Interview with Dr. Andrew Odlyzko
Dead People's Money
Interview with Dr. Andrew Odlyzko (U. of Minnesota) about investment bubbles, the Nigerian prince scam’s long history, and how to know when investors are gullible.
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Sir Isaac Newton, Stock Picker
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Joe explores the (mostly false) myth of Isaac Newton "losing his shirt" in the South Sea stock bubble. What can we learn from the real history of Issac Newton the investor?
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A Moderate Manifesto, or, maybe capitalism ain't THAT bad
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Joe explains how capitalism has transformed modern life into something our great-great-great grandparents would barely recognize. We live longer, eat cheaper, live in better housing, and have more stuff than ever before. So, why isn't anyone pumping that sunshine? From deadpeoplesmoney.com
info_outlineInterview with Dr. Andrew Odlyzko (U. of Minnesota) about investment bubbles, the Nigerian prince scam’s long history, and how to know when investors are gullible.
0:05 Intro
3:05 How a landscape painter arbitraged snooty aristocrats
6:40 Isaac Newton’s stock losses (the real story)
11:50 the South Sea Bubble
21:28 Investment bubbles in history
25:43 the South sea bubble wasn’t THAT crazy after all
29:45 An investment “of great advantage, but no-one to know what it is”
32:16 could we create a gullibility index?
33:48 the Nigerian prince scam pre-dates the internet
36:50 Why trust is key in bubbles
37:01 2 types of bubbles
40:31 Is failure good for society as a whole?
48:50 Conversations over coffee: explain what’s important
*Dr. Andrew Odlyzko is Professor of Mathematics at the University of Minnesota.
*Find his most recent writings about Isaac Newton and the South Sea Bubble here: https://physicstoday.scitation.org/journal/pto
*His website is here: http://www.dtc.umn.edu/~odlyzko/
*A list of his writings on financial history are here: http://www.dtc.umn.edu/~odlyzko/doc/bubbles.html