Episode 52

Timeless Lessons from Financial Legends and the Great Depression - 12/20/2025

December 20th, 2025

52 mins 50 secs

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human nature and wall street. high yield bonds patience in investing long-term performance compounding interest diversified portfolio growth stocks value investing 10-year treasury bond russell 2000 dow jones industrial average nasdaq s&p 500 dividend reinvestment total return margin calls investment leverage margin debt dollar cost averaging louis rukeyser pierre s. dupont lucian hooper phil carret jesse livermore william durant john jacob raskob federal reserve history fiscal policy monetary policy great depression 1929 stock market crash retirement planning

About this Episode

Join host John Berkley for a weekly market recap before diving into a history lesson on financial legends from the 1920s and 30s. The episode explores the lives of William Durant and Jesse Livermore, analyzing the risks of high-leverage margin debt and the infamous "Rascub’s Folly". Berkeley clarifies the critical difference between a market crash and a depression, citing the historical impact of monetary policy. By sharing timeless wisdom from Phil Karee and Lucian Hooper, the show emphasizes that patience and a long-term perspective are the true keys to success. Ultimately, because human nature remains constant, Wall Street never truly changes.