We Study Billionaires - The Investor’s Podcast Network
Business:Investing
TIP595: Stock Market History & The AI Bubble w/ Jamie Catherwood
2023-12-29
On today’s episode, Clay is joined by financial history expert, Jamie Catherwood, to discuss market forecasting, interest rates, and the efficiency of markets from a historical perspective.
Jamie Catherwood is a Client Portfolio Specialist at O'Shaughnessy Asset Management and also the author of the popular blog, Investor Amnesia.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:35 - Why we shouldn’t try to make market forecasts.
04:56 - Psychological biases that play into why investors are prone to forecast markets.
08:47 - How we can determine which market forecasts are worth putting weight on.
17:10 - Jamie’s thoughts on the AI craze of 2023.
25:52 - Jamie’s take on where interest rates may head from here.
30:23 - Broader consequences of zero percent interest rates and loose monetary policy.
33:59 - Historical examples of governments restructuring their debt.
40:47 - How investor access to information has impacted the efficiency of markets.
47:53 - Jamie’s favorite book from 2023.
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.
- Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
- Related Episode: TIP505: The Price of Time w/ Edward Chancellor | Youtube Video.
- Jamie’s blog: Investor Amnesia.
- Jamie’s Sunday Reads Blog.
- Marc Andreeson’s article: Why Software Is Eating the World.
- Books mentioned: Seeking Wisdom by Peter Bevelin, Confusion de Confusiones by Josef De La Vega, The Price of Time by Edward Chancellor, and Taming the Street by Diana B. Henriques.
- Follow Jamie on Twitter.
- Follow Clay on Twitter.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
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