Caught this 2015 documentary co-directed by Monty Python’s Terry Jones on Netflix yesterday. An interesting cast of characters woven through with entertaining art and humor; it offers valuable perspective on the history of human behavior and policies in driving regularly recurring boom and bust cycles. Hint: it is happening again today in real estate and financial markets. And those warning about the obvious and foreseeable risks, are being marginalized and ignored as usual in favor of the very popular ‘this time is different’ prophets.
Of course, understanding all of this intellectually, is different from maintaining the emotional and operational discipline to avoid repeating classic errors–a constant but absolutely crucial battle. Here is a direct video link to the trailer.
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