Animal Spirits: Brothers From a Different Mother

On this week’s Animal Spirits with Michael & Ben we discuss:

Reader questions- keep em coming!

Smart Beta Is Making This Strategist Sick

Pulling the goalie: Hockey and investment implications

And the coach who never punts

Will active stock funds save your bacon in a downturn

Dow vigilantes

Harvard blew $1 billion on tomatoes. Not a typo. 

Listen here:

Tweet of the week

Charts mentioned

Total shareholder yield

Revenue per share at all time high. 

Mea culpa, while trying to refute that buybacks were driving the market higher, I mentioned the chart below, which I thought was S&P 500 revenue, but alas, it’s revenue per share.

However, the following chart show that revenues per share are not at an all-time high simply because there are less shares outstanding. Can’t manipulate business sales.


Elon Musk: “Are you a hologram?“,  Jim Cramer: “What?”

The Hard Thing About Hard Things

The Rise of Theodore Roosevelt

The Libor scandal was pretty insane

The Marvelous Mrs. Maisel on Amazon

Sebastian Maniscaclo- Aren’t You Embarrassed on Netflix

Thanks for listening!

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