Animal Spirits: Adverse Variance

On today’s podcast we discuss

Money market funds are seeing inflows

The 20 most successful hedge funds

The most important investors of all time

Adverse variance

The valuation gap is wide…

…But should it be?

The makeup of the U.S. stock market

Who owns all the stocks?

Swim to where the fish are swimming

How do down payments work?

The Reddit trade of the week

Shifting risks in the bond market

Listen here:


Since Yesterday

Destined For War

Bag Man

Opening scene of Fargo

Tweets mentioned

Charts mentioned