Animal Spirits: Cash on the Sidelines

Ben came out of a fog machine at his speech in Italy. 

U.S. Stocks Surge Back Toward Bubble Territory. January 2010!

Even if you knew what earnings would be next year…

A fair value P/E ratio of 15 makes more sense

The pool of money that’s sitting in cash worldwide has never been greater.

There’s a lot of cash on the sidelines…it feels stupid to hold cash in this type of environment.



Via Bespoke


Will podcasts kill conferences?

Bill Simmons With Jalen Rose

The history of public executions


The Idea Factory

Michael Rockefeller was eaten by cannibals

John Grisham and Liar’s Poker in one book

Traffic: Why We Drive the Way We Do

Thanks for listening!