Value After Hours S06 E36 Author Brendan Hughes on Markets in Chaos: A History of Market Crises
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This meeting is being live streamed, which means that this is value after hours. I am Tobias Carlisle, joined as always by my co host, Jake Taylor. Our special guest today is Brendan Hughes. He's written a new book called Markets in Chaos, a history of market crises around the world. I'm gonna try and hold up the cover here. There we go. Put
it over your face for a while. Welcome,
Brendan.
Thank you very much for having me on the show, Tobias.
Tell us a little bit about you and, what prompted you to write the book.
Yeah. So, yeah, again, my name is, Brendan Hughes. I work for a Maryland based RIA firm, Lafayette Investments. We have about 800,000,000 assets under management, and we primarily focus on high net worth individuals. And as, Tobias said, I, I wrote a recent book called Mark Markets and Chaos. And I think what what prompted me to write this book that goes through 11 detailed case studies about different crises, throughout history was the the COVID 19 pandemic. And when the COVID 19 pandemic hit, I just wondered after the fact how I could have been better prepared for this because, like on on TV
what would you do just to put the cart before the horse a little bit? We'll we'll come to all of the crises in a moment. What what what how could you have prepared for the pandemic? I
I I I think that there could have been more of a focus on, to a to a greater degree, companies that have, little in in the way of capital, required to to run their businesses. Because as we saw during the COVID 19 crisis, some of the, the capital intensive businesses, particularly in areas like travel, they were devastated. And a lot of that, a lot more of them would have gone bankrupt if they weren't bailed out by the government. But, I I I think that people who have studied past crises like this could have could have derived something like that in in advance. And, yeah, I I think that they c
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