banson

In September 1929, economist Roger Babson stood before a room full of confident businessmen and delivered a stark warning: “Sooner or later a crash is coming, and it may be terrific.”

The audience laughed. Newspapers mocked him. Wall Street titans like Irving Fisher dismissed the doomsayer, insisting stocks had reached a “permanently high plateau.” Margin debt was soaring, speculation was rampant, and prosperity felt eternal. Who was this eccentric statistician to rain on the parade?

Babson wasn’t guessing—he spotted the classic pattern of euphoria built on leverage, overvaluation, and denial. Just 47 days later, the market imploded. Black Tuesday wiped out billions, banks collapsed, and the Great Depression began. Those who laughed lost everything.

🚨 Fast-forward to today: the same eerie echoes are rippling through markets. Sky-high valuations, record debt levels, concentrated bets in mega-trends, and widespread complacency scream “this time is different.” History doesn’t repeat exactly, but it rhymes with chilling precision.

The lesson? When the crowd mocks the cautious voice, it’s often the signal to listen hardest. Are we ignoring another Babson moment?

Stay vigilant. Protect what you’ve built. Because when the music stops, the chairs vanish fast.

#banson #BusinessIntelligence

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