On this week’s Animal Spirits, we discuss:
Howard Marks on investing without people
The mother of all credit bubbles
Time to not freak out about debt
Will Berkshire eventually get broken up by activists?
The two most indebted companies in the world
Tech loses its appetite for bonds
WeWork is worth quite a bit of money
Hindsight bias in dollar-weighted returns
Millennials and money (survey)
Predicting the World Cup Is Like Trying to Beat the Market
And an athlete getting smart with money
Bitcoin may have been manipulated
Listen here
Charts mentioned
“The shares are only slightly ahead of the index over the past 20 years. So maybe it’s time to start giving something back to shareholders.”
Tweets mentioned
.@elonmusk seriously bro. pic.twitter.com/n9JgLCPtDN
— Klendathu Capitalist (@KlendathuCap) June 19, 2018
Due to SEC threats, I am no longer working with ICOs nor am I recommending them, and those doing ICOs can all look forward to arrest. It is unjust but it is reality. I am writing an article on an equivalent alternative to ICOs which the SEC cannot touch. Please have Patience.
— John McAfee (@officialmcafee) June 19, 2018
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