Animal Spirits: Funding Secured

On this week’s Animal Spirits, we discuss:

Why did I say “funding secured”

Why do companies go private?

Are buybacks starving the economy?

No, but it’s complicated

And earning-per-share bonuses need to be adjusted for buybacks

The housing crash disproportionately affected the middle class

The CAPE ratio arguments are usually black or white. This one isn’t. 

80% chance of a market crash next year

Listen here:

Charts mentioned

Tweets mentioned


Mountains Beyond Mountains

Saudi America

The Intelligent Asset Allocator

The Four Pillars of Investing

The Investor’s Manifesto

All About Asset Allocation

Simple Wealth Inevitable Wealth

Jim Miller Origins- Alabama

Jim Miller Origins- ESPN

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