This Time Is Different: Eight Centuries of Financial Folly
, subject: Recurring financial crises and repeated patterns of human behavior in markets
A long-view account of defaults, banking panics, and inflations that treats crisis as a recurring human pattern, not a one-era anomaly.
About the book
A quantitative history of financial crises across sixty-six countries, tracing the repeated patterns behind debt defaults, banking failures, inflation, and the recurring belief that old constraints no longer apply.
Why read it
Best if you want a long-view, data-backed account of defaults, banking panics, and inflations, focused on recurring crisis patterns rather than one isolated market episode.
Key themes
- Financial Folly Repeats
- The Dangerous Exception Story
- Crises Across Forms
Evidence and original sources
The host calls this a great book that shows financial folly repeating across 800 years of history.
- A Few Lessons From Warren Buffett — David points to the book's eight-century survey of bubbles and busts and says he found it interesting.
- Levi Strauss: The Man Who Gave Blue Jeans to the World — David names the book, says he read it several years earlier, and recommends it as an important account of recurring financial crises.
- John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution — The host calls this a great book that shows financial folly repeating across 800 years of history.
Unofficial listener-built companion, not affiliated with or endorsed by David Senra or Founders Podcast.