Animal Spirits: Nobody Wants to Listen to Your Podcast

Nobody Wants to Read Your Shit But here’s some advice if you want to write anyway.  Research Affiliates is not too keen on the 60/40 portfolio.  Two-year treasury now higher than S&P 500 dividend yield. What the finance industry was like when Peter Bernstein came into it.  The worse regular civilization does and the less…

As Good As it Gets?

We’ve heard about the death of the traditional 60/40 portfolio for a few years now. With the benefit of hindsight, and some valuation expansion, it appears it was buried alive. This boring, two holding portfolio (Barclay’s Aggregate Bond Index, S&P 500, annual rebalance) has had positive returns for nine straight years. $1 has compounded at…

Advice For Aspiring Writers

I was self-conscious when I began writing five years ago. I thought, “just what the world needs, another blogger.” This same thought was front and center when Ben and I were deciding whether or not to start a podcast. The biggest lesson I learned from producing content is this: Don’t worry about what the world…

These Are the Goods

Articles The lifecycle of a novel investment strategy. By Ben Carlson Different times, but similar thinking. By Nick Maggiulli If you aren’t paying, you aren’t the customer. You’re the product. By Daniel Egan Complexity bias is interesting because the majority of cognitive biases occur in order to save mental energy. By Shane Parrish Inflation bets are…

Animal Spirits: Meltup

CAPE Fear: Why CAPE Naysayers Are Wrong As Dow Tops 25,000, Individual Investors Sit Out Bracing Yourself For a Possible Melt Up Bubbles for Fama Is Saving 10% Enough For Retirement? 10 Things Investors Can Expect in 2018 How We Got to Now is one of the best books I’ve read in a while. Past…

These Are the Goods

Articles Sitting on the couch watching my stocks dive up and down on CNN all day, or going on a cruise or two before I die, isn’t for me By Candice Reed If you’d told yourself a story for 35 years and suddenly discovered it wasn’t true, how would you react? By Ramit Sethi Many…

My Favorite Charts

There is so much amazing information out there that it’s just impossible to read it all. So every time J.P. Morgan updates their Guide to the Markets, I skim the first 20 or so and then give up. But this year I went through all of them and picked out my favorite slides, for your viewing pleasure….

Animal Spirits: Hedge Fund Myths & Casual Investing Advice

Ben’s evolution on asset allocation A perfect visual for why markets trend. Jason Zweig on 1974 versus 1999 The worst bear market that nobody talks about Hedge Funds: Myths and Pendulums Myth Busting: Hedge Funds Are Dead Have stock investors become smarter? Bonds or bond funds? (Vanguard) Misconceptions About Individual Bonds vs. Bond Funds Last…

The Math Doesn’t Work

The biggest public pension in the United States has just 68% of the assets it needs to pay for future benefits. At some point in the not too distant future, the rubber will meet the road. The Wall Street Journal reports that Calpers, which currently has $341.5 billion in assets, has a target allocation of…

These Are the Goods

Articles Twitter, Snap, Buzzfeed, and Pinterest are acquired. By Scott Galloway  Google revenue between 2004 and 2016 has increased from $3.2 billion to $89.5 billion, while print newspaper advertising fell over the same period from $44.4 billion to $12.9 billion By David Dayen Why do we worry about money even though we’re doing everything right?…