Edward Chancellor is a financial historian, journalist and investment strategist, and the author of  The Price of Time, the real story of interest. This is an essential book for investors who want to understand the impact of interest rates.Episode linksEdward’s website: https://www.edwardchancellor.com/Link to the book: https://www.edwardchancellor.com/books/the-price-of-timeQuotes"If interest is an omnipresent phenomenon and the ultra-low rates wormed their way into all economic and financial activity, then it would follow that the everything bubble turns into the everything burst.""If you know history, this late 1990s stock market looks a hell of a lot like the British Railway Mania of the 1840s. You've got a new technology. People are getting very excited about it. Very, very similar patterns. If you know the history, you are aware of the vulnerability of the markets.""You couldn't really understand the world unless you understood interest. And you have to bear in mind the Fed funds rate of 0% and the negative interest rates in Europe and in Japan. But those zero rates and negative rates were the lowest interest rates in five millennia of history. So that, that obviously has to be a noteworthy factor.""If you think about it, it took two and a half years for losses on subprimes to the Lehman's blowup.  Everyone expects that everything happens very quickly, and after the fact, the timeline seems to be compressed. But if you're living through it, actually, it takes much longer."TimestampsAbout the PodcastInvestorama is your guide to the future of investing, without the hype. In each episode, reformed investment banker and marketer, George Aliferis and his guests take a deep dive into a key topic that shapes our financial future.George is a reformed investment banker & marketer, who is now running Orama (podcast & video company), as well as its content arm Investorama, a podcast, YouTube channel and Newsletter.