The Library of Mistakes with Russell Napier, Ep #48
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If there was ever an industry where history repeats itself, finance is at the top of the list. Russell Napier has worked in investing for over 30 years. He’s written exceptional books, including “The Anatomy of the Bear” and “The Asian Financial Crisis.” He’s the Founder and Course Director for the Practical History of Financial Markets, an online course at the Edinburgh Business School.
In 2014, he founded the charitable venture, “The Library of Mistakes,” a business and financial history library based in Scotland with branches in India and Switzerland. They recently threw their “Mistake of the Year Awards.” Listen to our conversation to learn from the mistakes that were made so that history doesn’t have to repeat itself.
You will want to hear this episode if you are interested in...
- Learn more about the Library of Mistakes [1:57] 4
- The Mistake of the Year Awards nominations [8:42]
- How quickly money can be lost [11:05]
- European governments backing pensions [13:09]
- The rapid decline of Farfetch [15:49]
- 3rd Place: Credit Suisse [19:33]
- 2nd Place: FTX [25:46]
- 1st place: The Silicon Valley Bank [32:33]
- The lessons learned from great mistakes [42:45]
Russell Napier is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.
Emerson Fersch is a registered representative with and securities and advisory services are offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC
The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Resources & People Mentioned
- The Mistake of the Year Award
- The Library of Mistakes
- The Library of Mistakes Podcasts
- The Psychopath Test: A Journey Through the Madness Industry
Connect With Russell Napier
- Connect on LinkedIn
- The Solid Ground Newsletter
Connect with Emerson Fersch
Subscribe to Upthinking Finance
Audio Production and Show Notes by - PODCAST FAST TRACK
64 episodes