Historical Parallels to the COVID-19 Financial Crisis and the Value of Studying Financial History (Class 1 of 2)

Mark J. Higgins
Tuesday, October 25, 2022 4PM EST
CFP® Live CPA IWI
Program Id: 305339683
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This 60-minute class explains the fundamental dynamics of the COVID-19 financial crisis by comparing it to similar events that occurred during and after World War I and the Great Influenza from 1914 to 1921. Attendees will develop a deeper understanding of the causes and impact of the COVID-19 financial crisis. Key topics include the rationale behind the initial fiscal and monetary response by the federal government and Federal Reserve in 2020, as well as the probable path of Federal Reserve policy in the wake of persistent inflation. The class also includes a short tutorial on the value of studying financial history, which is a discipline that is often neglected by members of the investment profession.

 
Learning Objectives 
 
  • Using World War I and the Great Influenza (1914-1921) to foresee the potential financial consequences of the COVID-19 Pandemic
  • Dynamics of sudden stop financial panics 
  • Unintended consequences of massive fiscal and monetary stimulus 
  • Impact of monetary and fiscal policy on post-pandemic inflation 
  • Key investment principles visible only through the study of financial history 
Mark J. Higgins, CFA, CFP®
Mark is a former institutional investment consultant and financial historian. His classes draw from his upcoming book, Becoming An Enlightened Investor. Prior to founding The Enlightened Investor, LLC, Mark served as a senior investment consultant for more than 12 years. In this role, he advised the trustees of large pension plans, foundations, endowments, and insurance reserves with aggregate assets of more than $60 billion. He discovered that understanding financial history proved much more valuable than tracking the latest economic data. He also discovered that there was no single book that recounted the full financial history of the United States. Becoming an Enlightened Investor seeks to fill this void. The insights are intended to help investors contextualize current events and thereby improve their investment decisions. The book will be published and distributed by the Greenleaf Book Group and will be available for purchase online and in bookstores in the Fall of 2023.
 
This webinar is eligible for one hour of CE credit on demand.

More than 50 hours of CFP® CE credit and more than 100 hours of Investments & Wealth Institute® credit on replays available 24/7 to paying members ($120 annually) of
Advisors4Advisors.com. CPAs are eligible to receive CPE for attending live webinars only. To learn how to receive continuing professional education credit viewing webinar replays, please see our detailed instructions.

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