1 00:00:01,400 --> 00:00:09,639 Speaker 1: Crash Course, Crash Course, Crash Course, Crash emphasis on crash. 2 00:00:10,160 --> 00:00:13,680 Speaker 1: From Wall Street to Main Street and from Hollywood to Washington, 3 00:00:14,240 --> 00:00:20,040 Speaker 1: the news is filled with decisions, turning points, deals and collisions. 4 00:00:20,440 --> 00:00:24,320 Speaker 1: Investors saw this gusher of demand and seemed to assume 5 00:00:24,960 --> 00:00:28,200 Speaker 1: that it could go on for a lot longer than 6 00:00:28,520 --> 00:00:31,720 Speaker 1: it really was able to. There's a business element to 7 00:00:31,760 --> 00:00:33,360 Speaker 1: this too. They have to put up some kind of 8 00:00:33,400 --> 00:00:37,239 Speaker 1: guardrails if you will. I'm Tim O'Brien, the senior executive 9 00:00:37,320 --> 00:00:40,800 Speaker 1: editor for Bloomberg Opinion, and I'm your host for Crash Course, 10 00:00:41,240 --> 00:00:45,160 Speaker 1: a weekly podcast from Bloomberg and I Heart Radio. Every 11 00:00:45,200 --> 00:00:48,400 Speaker 1: week on Crash Course, all bring listeners directly into the 12 00:00:48,400 --> 00:00:52,880 Speaker 1: arenas where epic upheavals occur, and I'm going to explore 13 00:00:52,920 --> 00:00:56,880 Speaker 1: the lessons we can learn when creativity and ambition collide 14 00:00:56,920 --> 00:01:00,440 Speaker 1: with competition and power, like that, if you make a mistake, 15 00:01:00,520 --> 00:01:02,640 Speaker 1: you have to atone for your mistake. You should own 16 00:01:02,720 --> 00:01:06,080 Speaker 1: up to your mistake. They had the entire market and 17 00:01:06,120 --> 00:01:09,319 Speaker 1: then they have just been losing it ever since then. 18 00:01:10,280 --> 00:01:13,559 Speaker 1: Each Tuesday, I'll talk to Bloomberg reporters around the world, 19 00:01:13,840 --> 00:01:17,000 Speaker 1: as well as experts and big names in the news Together, 20 00:01:17,360 --> 00:01:21,480 Speaker 1: we'll explore business, political, and social disruptions and what we 21 00:01:21,520 --> 00:01:24,199 Speaker 1: can learn from them. We can start an articular debate 22 00:01:24,240 --> 00:01:27,240 Speaker 1: whether this is good or not, but prohibition in disrespect 23 00:01:27,240 --> 00:01:30,480 Speaker 1: will notework. That's the wild wild West that we're still in. 24 00:01:31,600 --> 00:01:35,120 Speaker 1: I'm Tim O'Brien post of Crash Course, a new weekly 25 00:01:35,160 --> 00:01:39,600 Speaker 1: podcast from Bloomberg and I Heart Radio. Listen to Crash 26 00:01:39,640 --> 00:01:42,800 Speaker 1: Course every Tuesday starting January ten on the I heart 27 00:01:42,920 --> 00:01:47,400 Speaker 1: Radio app, Apple Podcasts, or wherever you get your podcasts