Animal Spirits: Phony Happiness

On today’s show we talk about:

    • How higher inflation is simultaneously good and bad for stocks.
    • Why we love stories.
    • The good and bad with private equity.
    • Is there such a thing as a permanent portfolio?
    • What Ben got from his MBA.
    • Scary market predictions.
    • Vanguard’s new factor funds.

Links

The new permanent portfolio

From March 1995-March 1998, the S&P 500 rose 134% while the Permanent Portfolio rose just 36%

“We tend to remember the best of times and the worst of times instead of the most likely of times.”

Bill Simmons with Kanye’s manager, Scooter Braun

There’s a government agency that’s supposed to predict financial storms ahead of time?

Harvard wants to buy index funds

Does Private Equity Really Beat the Stock Market?

From 1990 to 2010, private equity returned 14.4 percent per year, compared to 8.1 percent per year for the S&P 500 index.

What Ben took away from an MBA

Vanguard’s factor funds

Ben Carlstrodamus 

Canada home sales crash 

Pre-order my book

Follow us on Facebook

Just early…

The current calm is an illusion….

Charts

Thanks for listening!

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.