On this week’s Animal Spirits, we discuss
MoviePass becoming profitable, despite all logic
Cutting the chord and Disney’s new streaming service
The pension hole is the size of Germany’s economy
Bankruptcy booms among older Americans
1 in 8 divorces is caused by student debt. Sure they are.
Listen here
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Charts mentioned
Tweets mentioned
But how will Fidelity make money? LOL.. pic.twitter.com/8k7QdOoyMK
— Eric Balchunas (@EricBalchunas) August 3, 2018
Free ETFs exist all around, here is a look at popular ETFs' and their tracking dif (the true cost). Problem is no looks at it this way, so they might as well stop sharing sec lending and offer at 0.0% exp ratio.. chart via @JSeyff pic.twitter.com/6WsRW9SQ2J
— Eric Balchunas (@EricBalchunas) August 2, 2018
How cool is Twitter?
Not only did an ETF launch from an idea discussed on it 9 months ago (years faster than at most firms), but a REAL ETF launched based on the input from two anon twitter trolls.
Only the first one’s free, right @Nonrelatedsense ?https://t.co/gxcoToOA7e pic.twitter.com/W68zSJO0dD
— Jake (@EconomPic) August 2, 2018
Another way to illustrate that is to look at the top returning VC funds ever vs. the top performing PE funds. You’ll notice that 8 of the top 20 in VC are repeat names (and these remain some of the most prominent names in the industry). Ie. Sequoia, Accel, Benchmark, etc. pic.twitter.com/0wr6p4rcUR
— David Haber (@dhaber) July 30, 2018
"One measure of market valuation has reached 2000 levels, while another has doubled…"
One of my favorite valuation charts via the great @LeutholdGroup. pic.twitter.com/2e8h3kV8Js
— Meb Faber (@MebFaber) August 3, 2018
Yields on the lowest-rated U.S. junk bonds fell by the most since 2008 yesterday, falling to the lowest since 2014. @gowrinyc @TheTerminal pic.twitter.com/JFRj1SHLJS
— Lisa Abramowicz (@lisaabramowicz1) July 31, 2018
RIP to MoviePass, a great socialist scheme accidentally implemented by very confused capitalists
— Zach Schonfeld (@zzzzaaaacccchhh) July 30, 2018
For all the talk about FAANG valuations here is an interesting stat via Polen Capital, “today the % of the U.S. total market capitalization held by the five biggest economic profit generators is at a historically low percentage (10%) of the U.S. market.” pic.twitter.com/72F5HjOGHo
— David Schawel (@DavidSchawel) August 6, 2018
Recommendations
The Meat Racket (again, sorry)
