On this week’s Animal Spirits, we discuss:
The psychology of sitting in cash
Everyone thinks they’re going to win the lottery
Uber is worth more than some industries
Don’t make your long-term investment decisions based on a dinner
The last four months of Housing data relative to expectations has been beyond bad.
— Bespoke (@bespokeinvest) October 24, 2018
Sign of how crazy this tech market is.
Front page of WSJ highlights these “disappointing” results.
Amzn revenue ⬆️29% to $56.6 billion
Goog search rev ⬆️ 22% to $27.1 bln.
But both missed Wall Street by less than 1%.
Expectations are in the stratosphere.
— Dave Benoit (@DaveCBenoit) October 26, 2018
This is a 3.7% unemployment rate in action pic.twitter.com/wlnjA4gfKM
— Ben Carlson (@awealthofcs) October 28, 2018