Why Does The Stock Market Even Exist?
from It's All Money Hosted by 707 Media
You were born into this world and there just, was all this stuff- Nasdaq, S&P, futures, interest rates, bonds and now crypto. Did you ever wonder where it all came from? WHY it all came from? It's All Money Host and Sonoma Wealth Marketing Director Dano Weir sits down with Sonoma Wealth Co-Founder Chris Sipes CFP®, AIF® to discuss a tiny history of markets, why they happen and why they'll likely always happen. Plus enjoy a STUNNING story on why tulips in the Netherlands in the 1600s might mirror some of the biggest booms and busts in the history of the stock market. CHAPTERS 0:00 Meet Chris Sipes: A Non-Historian Tackling Market History 2:14 Why Markets Have Existed As Long As Humans Have 3:15 The Pogs Craze: A Kid's-Eye View Of Speculative Trading 7:55 The Dutch East India Company And The Birth Of The Public Stock Exchange 10:11 Tulip Mania: The First Recorded Speculative Bubble 14:43 Why Humans Keep Repeating The Same Bubble Behavior 16:35 From Beanie Babies To NFTs: The Financial Torch Passes To Wall Street 21:54 Mortgage Securities And The Cycle Of Crisis And Regulation 23:52 What 400 Years Of Market History Teaches A Financial Advisor Today 26:59 Wrap-Up And Disclosures Full video on our YouTube Channel Learn more about Sonoma Wealth here: https://sonomawealthadvisors.com/ Book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis References: https://blogs.uoregon.edu/pogsforfun/ https://en.wikipedia.org/wiki/Buttonwood_Agreement https://en.wikipedia.org/wiki/Tulip_mania
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