The History Of Economic Warfare With Jamie Catherwood

Financial history provides a vital compass for navigating modern market cycles, even when historical sample sizes are limited. Jamie Catherwood, founder of Investor Amnesia, explains that while market mechanics evolve, human behavior remains constant, leading to recurring patterns like the "three I's"—innovators, imitators, and idiots—that drive speculative bubbles. Economic warfare, from British counterfeiting during the American Revolution to the weaponization of assets on the island of Yap, demonstrates that restricting access to financial systems is a long-standing geopolitical strategy. Modern investors often fall prey to historical myths, such as the exaggerated tulip mania, which persist due to poor source work and propaganda. Ultimately, studying original archival documents rather than secondary narratives allows for a more objective understanding of market crises, helping investors maintain a balanced perspective amidst the rapid acceleration of information and volatility in today's financial landscape.