On 19 Oct 2026 I reflected on how modern markets prioritize growth and revenue over risk, and I drew lessons from historic financial crises to warn against complacency.
I decided to read 1873 after 1929.
Greed, leverage, speculation, and the belief that this time is different are recurring features of every market cycle.
- How can modern market participants concretely apply these historical lessons to mitigate risk?
- What regulatory or educational interventions could curb the “this time is different” mindset?
- Are there measurable signals today that indicate an approaching systemic crisis similar to 1873 or 1929?