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TIP802: When Genius Was Just Luck: The Go-Go Years w/ Kyle Grieve
In today’s episode, Kyle Grieve discusses the speculative boom of the 1960s “Go-Go Years” as presented in John Brooks’ book, highlighting the dangers of euphoria, leverage, and financial engineering. He explores case studies like Ross Perot, Edward Gilbert, Atlantic Acceptance, and Gerry Tsai to reveal how incentives, momentum, and fraud can distort markets. The episode ultimately emphasizes timeless investing lessons around valuation discipline, skepticism, and aligning incentives with long-term outcomes.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:02 - About the Nifty Fifty’s rise and the dangers of extreme valuation multiples
00:03:34 - Why great businesses can still be poor investments at high prices
00:05:07 - About Ross Perot’s EDS and the psychology of ignoring market volatility
00:09:45 - The dangers of leverage through Edward Gilbert’s collapse
00:16:13 - Why sharing stock ideas can create unintended consequences
00:19:32 - How fraud fueled Atlantic Acceptance’s explosive growth
00:29:17 - Why rapid growth without explanation signals potential risk
00:33:28 - Gerry Tsai’s momentum strategy and performance-chasing cycles
00:42:07 - How conglomerates used financial engineering to create illusory value
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
SPONSORS
Support our free podcast by supporting our sponsors:
HardBlock
Human Rights Foundation
Vanta
Unchained
Netsuite
Shopify
Fundrise
References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor’s Podcast Network is not responsible for any claims made by them.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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By The Investor's Podcast Network
4.6
32563,256 ratings
In today’s episode, Kyle Grieve discusses the speculative boom of the 1960s “Go-Go Years” as presented in John Brooks’ book, highlighting the dangers of euphoria, leverage, and financial engineering. He explores case studies like Ross Perot, Edward Gilbert, Atlantic Acceptance, and Gerry Tsai to reveal how incentives, momentum, and fraud can distort markets. The episode ultimately emphasizes timeless investing lessons around valuation discipline, skepticism, and aligning incentives with long-term outcomes.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:02 - About the Nifty Fifty’s rise and the dangers of extreme valuation multiples
00:03:34 - Why great businesses can still be poor investments at high prices
00:05:07 - About Ross Perot’s EDS and the psychology of ignoring market volatility
00:09:45 - The dangers of leverage through Edward Gilbert’s collapse
00:16:13 - Why sharing stock ideas can create unintended consequences
00:19:32 - How fraud fueled Atlantic Acceptance’s explosive growth
00:29:17 - Why rapid growth without explanation signals potential risk
00:33:28 - Gerry Tsai’s momentum strategy and performance-chasing cycles
00:42:07 - How conglomerates used financial engineering to create illusory value
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
SPONSORS
Support our free podcast by supporting our sponsors:
HardBlock
Human Rights Foundation
Vanta
Unchained
Netsuite
Shopify
Fundrise
References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor’s Podcast Network is not responsible for any claims made by them.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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