Scott Nations

speaker

580 appearances 1 recordings 1 series first heard Jan 2026 last heard 16 Jan

Scott Nations’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.

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Prof G Markets · Your Brain is the Worst Investor in the Room — ft. Scott Nations · 16 Jan 2026 podcast

AI just has so much potential.

potential to change what we do, how we do it, that if you want to invest with a thesis that AI is really going to change the world in the next five years, I'm never going to try to dissuade you from that.

although I would hope everybody would do it in a sensible way.

Going back to your point that, you know, you've written this book about crashes, a history of the United States of five crashes.

You say that there's always this, some financial contraption that comes in at the totally wrong time.

Portfolio insurance was an example, mortgage-backed securities in the previous crash.

Looking at, let's assume that maybe it's a bubble or that we have one in the next few years.

What do you think the financial contraption would look like in the next few years?

Or is there anything, are there any financial instruments that you find more concerning than others right now?

Yeah, that's the question, and the other question is when's the next one going to happen?

And I'll be the first one to point out that I am not a bear.

The stock market tends to go up over time.

I write about five crashes, and the first one happened in 1907, so that's five in well longer than a century.

So they're rare, which is great because crashes do tremendous damage to investors' psyche for a long, long, long time.

People who lived through the crash of 1929, even if they lived another 30 or 40 or 50 years, many of them just refused to ever trust the stock market again.

These contraptions, they inject leverage at the worst possible time.

And mortgage-backed securities, at the time they were invented, they were a wonderful thing, perfectly reasonable, great solution to a problem.

But now, you do have to look around every once in a while and see if you can't find the contraption that could cause problems in the future.

I don't think it's crypto because I don't think people will be able to get enough leverage in crypto.

I don't think it's prediction markets because I don't think they can be big enough to bring down the entire, what is it, $40 trillion U.S.

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