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All-In with Chamath, Jason, Sacks & Friedberg

1929 vs 2025: Andrew Ross Sorkin on Crashes, Bubbles & Lessons Learned

16 Oct 2025

50 min duration
9927 words
3 speakers
16 Oct 2025
Description

(0:00) Chamath and Friedberg welcome Andrew Ross Sorkin to discuss his new book, "1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation" (0:38) Why he chose this time period (3:22) The setup: what led to the 1929 crash (19:24) The characters: major players in the 1929 crash; what kind of bubble are we experiencing in 2025? (26:21) Role of journalist vs market participant; characters of the 2025 market (30:10) AI's potential 1929-like impact on unemployment (35:16) Why socialism is flaring up now more than it did post-1929 (40:34) Does the US need a 2025 "New Deal" on cutting spending, tariff balancing act (46:51) Film rights strategy Buy Sorkin's new book: https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966 Follow Andrew Ross Sorkin: https://x.com/andrewrsorkin Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966 https://archive.org/details/sim_ladies-home-journal_1929-08_46_8/page/n9/mode/2up

Audio
Transcription

Full Episode

0.031 - 4.472 Chamath Palihapitiya

Hey, Sorkin, I just went through the comments. The one question keeps coming up over again.

0

5.465 - 31.742 David Sacks

why the are you writing this book jesus christ what a party pooper what a party pooper i don't know man i don't think i think it's supposed to be the book supposed to be like a beach read a beach read yes come on did you read it my god no i saw the title i was like skip all right besties i think that was another epic discussion people love the interviews i could hear him talk for hours absolutely we crushed your questions a minute we are giving

0

32.752 - 41.085 David Sacks

Chumath, you're going to love these characters.

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41.265 - 48.756 Andrew Ross Sorkin

I kid you not. I kid you not. The people who are involved in this at that time, like the main character.

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48.776 - 56.548 Chamath Palihapitiya

I totally agree with you. I am a huge, to be honest, I've studied this period for a while, actually. I think it's great that you wrote this book. I think it's incredibly fascinating.

56.528 - 81.61 David Sacks

We're here with Andrew Ross Sorkin, Chamath and I with another all-in interview. Riveting. Today, we're going to talk about Andrew's new book, 1929, and specifically cover why Andrew got into it, what the history teaches us, and are we looking at another 1929 or something different this day and age, as a lot of people may speculate. But Andrew, thanks for joining Chamath and I to talk about this.

81.87 - 93.032 Andrew Ross Sorkin

Thank you for having me. And I love your background there. a true image of what was actually happening in October of 1929, crazily enough.

93.232 - 115.955 David Sacks

That's right. And it was colorized by some AI or something, I think. But yeah, great. How and why did you get into this era of 1929, the great stock market crash of 1929? Like you're a busy guy. You're on TV every day. We see you all over your conferences. I saw you at a conference in Southern California this week, then you're at another conference and you're back in New York. You're very busy.

115.975 - 119.779 David Sacks

At what point did you say, Hey, I want to sit down and write a book about this era?

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