Animal Spirits: What it Takes to Be Wealthy

On this week’s Animal Spirits, we discuss:

Jack Bogle’s battle

…All hedge funds are not bad

Active vs passive? Yes. Again? Yes. 

Thinking outside the box

What happened to Einhorn

No really, what happened?

Buyer beware

Another athlete got ripped off by his advisor

By 35 years old…

How much money do you need to be wealthy in America?

Chart crimes

…And spurious correlations

Analysts are always bullish, and always expecting average returns

Interest rates and the housing market

Listen here

Charts discussed



Devil in the White City

Once in Golconda

Bill Simmons and Lou Adler