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
Will active stock funds save your bacon in a downturn
Harvard blew $1 billion on tomatoes. Not a typo.
Listen here:
Tweet of the week
This #SiliconValley home just sold for $2 million. All cash. No contingencies. 10 day close. It’s 800 square feet. #realestate #omg @kron4news pic.twitter.com/BNjaiAWavn
— Justine Waldman (@JustineWaldman) March 3, 2018
Charts mentioned
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.
Recommendations
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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