On this week’s Animal Spirits, we discuss
Am I paying too little for stuff?
The Athletic has $28 million in VC funding.
College tours by private jet. Seriously.
Coke is buying a coffee company for $5 billion.
This cannabis company seems fully valued
This kid with no training beat a lot of people with experience
Merrill is recruiting young advisors
Listen here:
Tweets mentioned
Updated salary needed to buy the median home, by metro area (for actual cities, add a lot more)
San Jose $275k
San Francisco $214k
San Diego $131k
LA $115k
Boston $109k
Seattle $109k
NY $104k
DC $96k
Denver $93k
Portland $85k
This is after putting 20% downhttps://t.co/FqzuuZDiD3 pic.twitter.com/5nQSLaTyC7— Mike Rosenberg (@ByRosenberg) August 16, 2018
Why does everyone congratulate people when they "buy" a house?
In most cases the buyer has simply aquired a minority stake in a real estate venture with a bank where they have to pay all operating costs & bear the market risk.
— volfixer (@volfixer) September 2, 2018
Charts Mentioned

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