TIP589: Stock Market Crises & Bubbles w/ Brendan Hughes

<p>Clay Finck is joined by Brendan Hughes to chat about his new book –&nbsp;<em>Markets in Chaos</em>. 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.</p><p>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.&nbsp;</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro.</p><p>02:12 - What a market crisis is.</p><p>05:42 - Why it’s important to study history as investors.</p><p>09:11 - What led to hyperinflation in Zimbabwe.</p><p>15:14 - The market crisis in Iceland that led to their stock market falling by 95%.</p><p>28:09 - The lost decade of Japan.</p><p>32:11 - Potential parallels between the bubble in Japan and markets in the US today.</p><p>47:53 - Brendan’s biggest takeaways from studying market crises.</p><p>53:44 - The US energy crisis in the 1970s.</p><p>58:06 - Companies that perform best during inflationary periods.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Brendan’s book:&nbsp;<a href="https://www.amazon.com/Markets-Chaos-History-Market-Crises/dp/1637425147?crid=N6F52X1T06H3&amp;keywords=markets+in+chaos+brendan+hughes&amp;qid=1700414019&amp;sprefix=markets+in+cha%2Caps%2C116&amp;sr=8-1&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=85c89abefd14b7c4a71abd68ff9d0a13&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>Markets in Chaos</strong></a>.</li><li>Brendan’s firm:&nbsp;<a href="https://www.lafayetteinvestments.com/index.html" rel="noopener noreferrer" target="_blank"><strong>Lafayette Investments</strong></a>.</li><li>Le