Financial Crisis
topic on 12 shows · 23 statements across 22 episodes
Startups For the Rest of Us 
the Knowledge Project 
the Neon Show 
Invest Like the Best 
the Green Blueprint 
Top Founders 
the a16z Podcast 
Big Technology 
20VC 
Acquired 
Capital Allocators 
How I Built This
23 statements about Financial Crisis, every show
Kantrowitz: If AI fails, massive spending will trigger a financial crisis
“And I, I'm, I've really struggled, like the idea of this soft landing, I struggled to see it. Like if AI doesn't work, there's been so much money tied up into this system that there's going to be some form of crisis.”
Lütke believes Shopify would have failed if founded two years later
“Like, this is not a kind of company that could have been started even two years later, right? It needed to be started right then, and it needed to be ready and good by the time the opportunity around the financial crisis came around.”
Gilmore: Future Fund Benefited from 2008 Crisis Due to Low-Risk Entry
“The Future Fund has actually been one of the beneficiaries of the financial crisis because it had a low risk portfolio going into the crisis. So it had a lot of cash to invest when assets were very cheap.”
Gilmore: CalPERS historically destroyed value through pro-cyclical de-risking during crises
“One of the things that has attracted value from the CalPERS experience has been a tendency to be too pro-cyclical. If you think back to the time of the financial crisis, Various assets were liquidated. Risk was taken off. That was done in part because of conce…”
The recent Q2 earnings season was the most volatile since 2008
“If you look at
The last public market earnings season, which was companies reporting Q two this past year.
If you study earnings volatility,
It was more volatile than any earnings season since the financial crisis.”
Heitzman: Last year was worst job market for college grads since 2008
“It was the worst year last year since the financial crisis for recent college graduates.”
Dimon: An Unrescued Bear Stearns Would Have Triggered Immediate Financial Collapse
“It would have been gone, and the crisis would have just unfolded”
Heitzmann: The 2008 financial crisis was incredibly good for New York tech
“And in a very strange way, the financial crisis, which was very bad for New York, was incredibly good for New York Tech.”
Mauboussin: US stock volatility in 1920s-1930s far exceeded recent financial crisis
“Go back and look at volatility. And, you know, you see that the volatility we've seen in the last 10 or 15 years, even including the financial crisis, really doesn't hold a candle to the volatility we saw in the 19 twenties and thirties in the United States. T…”
Jaffe: Energy Crisis Will Translate into a Financial Crisis
“So we're really facing a deep crisis in the energy markets, which will translate into a financial crisis.”
Immelt: GE suffered in 2008 from aggregate size, not toxic assets
“Think about the financial crisis, what did we get wrong? We were too big in aggregate size. It wasn't that we were, we had a lot of toxic assets. It wasn't that we're redlining risk and things like that. We were too big.”
Sorkin: Every financial crisis is driven solely by excessive debt leverage
“Every financial crisis is really only a function of one thing. It's too much debt. It's too much credit leverage in the system.”
Paul: Endowments and Pensions Were Net Sellers in 2008 Crisis
“The reality was in the financial crisis, endowments and pensions were net sellers, not net buyers.”
Hari: Alpha males and unbridled masculine traits drive major global crises
“A lot of crises in this world have been created by unbridled masculine traits. The alpha males in this world have created a lot of these crises. Extreme greed, extreme ambition. If you go to the source of any conflict in this world, whether the crisis that led…”
Thome: WARF hit top first percentile 10-year performance post-2008
“You know, you go through the financial crisis and coming out of that, when you came out of that on the long-term basis, at one point, we were top one percentile over the ten-year period.”
Shah: Online furniture grew during 2008 despite a 30% industry crash
“In the Great Depression, it shrunk 35% from the top to the bottom. In the financial crisis, it actually shrunk, the furniture industry shrunk by 30%, three-zero, and so it was really devastating. What was interesting, though, is online, except for an immediate…”
Hewitt: COVID-19 economic recovery could take months, not years like 2008
“That external event will go away and things will come back much more quickly, I think. Out of this, then they did the financial crisis, you know, that was years and this could be months, you know, sometime around the end of the year, maybe.”
Yanowitz: COVID-19 is the greatest financial crisis since the Great Depression
“This is the greatest financial crisis that we've seen since the great depression.”
Schwarzman: Financial stocks fell 85% in 2008 crisis while Blackstone fell 90%
“The average stock of a financial company, bank, money manager, didn't matter, during the financial crisis went down 85%.
So if you've ever been involved with something that went down 85%,
You would not be a particularly happy Kemper.
Blackstone's always been a…”
Girotto: Farmland Values Dropped Only 4% in the 2008 Financial Crisis
“In the financial crisis, overall USDA, US farmland values went down about four percent. There was no interruption of the annual cash revenue streams that were coming out, so basically it was flat zero. Because it's the only asset class along with cash that did…”
Lütke: Shopify could not have succeeded if launched two years later
“This is not a kind of company that could have been started even two years later, right? It needed to be started right then, and it needed to be ready and good by the time the opportunity around the financial crisis came around.”
Vigna: The 2008 financial crisis spurred Bitcoin's rapid early growth
“It helped it because I think that that's part of the reason why it's grown so much faster than other technologies would have.”
Collison: Post-2008 tech pessimism drove the investor bear case on Stripe
“You know, we were sort of starting Stripe in the wake of the financial crisis, and it's kind of hard to, ah, remember this, or kind of, ah, internalize it now, but people were actually fairly pessimistic about technology in some ways back then, and that was in…”