Animal Spirits: The Mother of All Credit Bubbles

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

A future without Buffett

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

Silicon prairie 

The rich get rich

Another athlete in trouble

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


The Great Depression: A Diary 

Geometry of Wealth


I, Tonya

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