1929 vs 2025: Andrew Ross Sorkin on Crashes, Bubbles & Lessons Learned

<p>(0:00) Chamath and Friedberg welcome Andrew Ross Sorkin to discuss his new book, "1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation"</p> <p>(0:38) Why he chose this time period</p> <p>(3:22) The setup: what led to the 1929 crash</p> <p>(19:24) The characters: major players in the 1929 crash; what kind of bubble are we experiencing in 2025?</p> <p>(26:21) Role of journalist vs market participant; characters of the 2025 market</p> <p>(30:10) AI's potential 1929-like impact on unemployment</p> <p>(35:16) Why socialism is flaring up now more than it did post-1929</p> <p>(40:34) Does the US need a 2025 "New Deal" on cutting spending, tariff balancing act</p> <p>(46:51) Film rights strategy</p> <p>Buy Sorkin's new book:</p> <p><a href= "https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966"> https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966</a></p> <p>Follow Andrew Ross Sorkin:</p> <p><a href= "https://x.com/andrewrsorkin">https://x.com/andrewrsorkin</a></p> <p>Follow the besties:</p> <p><a href="https://x.com/chamath">https://x.com/chamath</a></p> <p><a href="https://x.com/Jason">https://x.com/Jason</a></p> <p><a href= "https://x.com/DavidSacks">https://x.com/DavidSacks</a></p> <p><a href= "https://x.com/friedberg">https://x.com/friedberg</a></p> <p>Follow on X:</p> <p><a href= "https://x.com/theallinpod">https://x.com/theallinpod</a></p> <p>Follow on Instagram:</p> <p><a href= "https://www.instagram.com/theallinpod">https://www.instagram.com/theallinpod</a></p> <p>Follow on TikTok:</p> <p><a href= "https://www.tiktok.com/@theallinpod">https://www.tiktok.com/@theallinpod</a></p> <p>Follow on LinkedIn:</p> <p><a href= "https://www.linkedin.com/company/allinpod">https://www.linkedin.com/company/allinpod</a></p> <p>Intro Music Credit:</p> <p><a href="https://rb.gy/tppkzl">https://rb.gy/tppkzl</a></p> <p><a href= "https://x.com/yung_spielburg">https://x.com/yung_spielburg</a></p> <p>Intro Video Credit:</p> <p><a href= "https://x.com/TheZachEffect">https://x.com/TheZachEffect</a></p> <p>Referenced in the show:</p> <p><a href= "https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966"> https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966</a></p> <p><a href= "https://archive.org/details/sim_ladies-home-journal_1929-08_46_8/page/n9/mode/2up"> https://archive.org/details/sim_ladies-home-journal_1929-08_46_8/page/n9/mode/2up</a></p>