The more I read biographies, the more I learn about different historical periods. The early 1900s are fascinating, especially the 1929 stock market crash and its economic and psychological impact on society. Another interesting time that I keep reading about is the late 1960s through the early 1980s.

That was when inflation skyrocketed to double digits, resulting in the federal funds rate reaching roughly 20%.

This period had a profound impact on entrepreneurs, investors, and society. I want to understand what led to its extremes and how entrepreneurs and investors navigated them. I’ve heard stories from my parents about 18% rates on mortgages in the early 1980s, but I want to go deeper.  

To learn more, I’ll read a few books about this period and reread books that contain context about it and how people navigated it. I’m also going to reread the letters Warren Buffett wrote to investors in his hedge fund (pre–Berkshire Hathaway), given that he announced he was closing his hedge fund in 1969, the start of this volatile period.

I’ll likely have to read some political and monetary history books—obviously not my usual entrepreneur biographies—because I think it’s important to gain context about the period.

I’m curious about the late 1960s through the early 1980s  and excited to learn about that time in history. My gut tells me it has valuable lessons to teach that could be useful to entrepreneurs and investors in the not-so-distant future.