Animal Spirits: Banning Buybacks

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Stories discussed

Facebook employees make a lot of money

Are we sure buybacks aren’t evil?

Google is spending money on…R&D and capex

Ben on institutional investors

Dalio dumped

Fyre festival pitch deck

Raise your own interest rate

Acorns partners with CNBC

Listen here

Recommendations

Amusing Ourselves to Death

Charts mentioned

Tweets mentioned

> risk adjusted returns = < path dependency with withdrawals:

-$1mm starting value
-5% constant withdrawal
-S&P 500 / 60/40 / constant return = 60/40 annualized return

Over 20 years, ~equal ending value, but constant return = 25% > $$ returned than S&P 500 despite < returns pic.twitter.com/fHjACTNvdS

— Jake (@EconomPic) February 4, 2019