Article 405M Episode 605: 'What Goes Up'

Episode 605: 'What Goes Up'

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from NPR: Planet Money on (#405M)
Episode 605: 'What Goes Up' February 20, 2015 3:39 PM ET Listen to the Story 14 min 4 sec babson-7fb5238754b849f27b940c7be1aafee75 Library of Congress

In 1929, Roger Babson correctly predicted the Great Crash. This one right call ensured him a lifetime of financial success.

Even though his theory about why the crash happened was completely wrong, it didn't matter. People thought he was an oracle, and so they trusted him to handle their money.

Today on the show, we bring you a story from the great podcast The Memory Palace. It's the story of Roger Babson-a famous economic forecaster.

Music: Yuna's "Falling." Find us: Twitter/ Facebook/ Spotify/ Tumblr.

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