# Capital Account: A Money Manager's Report of the Dot Com Bubble

Page: https://stenobird.com/podcast/chris-s-ai-deep-dive-7034494/capital-account-a-money-manager-s-report-of-the-dot-com-bubble
Text version: https://stenobird.com/podcast/chris-s-ai-deep-dive-7034494/capital-account-a-money-manager-s-report-of-the-dot-com-bubble.md
Podcast: [Chris's AI Deep Dive](https://stenobird.com/podcast/chris-s-ai-deep-dive-7034494)
Published: 2025-11-06T18:55:49+00:00
Episode link: https://podcasters.spotify.com/pod/show/chrislguo/episodes/Capital-Account-A-Money-Managers-Report-of-the-Dot-Com-Bubble-e3ajum5
Audio file: https://anchor.fm/s/fb2a44a4/podcast/play/110803077/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-10-6%2F24ff6466-3f78-386a-4719-1cad020476f6.m4a
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Duration seconds: 852

## Resource

This episode is comprised of excerpts from Edward Chancellor's book, "Capital Account: A Money Manager's Report," which compiles essays originally published as the Global Investment Review by Marathon Asset Management Ltd . These excerpts offer an in-depth analysis of the capital cycle approach to investment , advocating for fundamental analysis over trends and short-term earnings focus. The content critically examines market phenomena, including the telecoms bubble , the rise of "shareholder value" philosophy , and the conflicts of interest within the investment banking community . Furthermore, the text explores investor irrationality , issues of corporate mismanagement and corruption , and the importance of competition and consolidation in determining long-term profitability and shareholder returns.

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## Transcript

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