The best stuff from last week
September 2019
Crossing Wall Street With Eddy
Eddy Elfenbein is on my Mount Rushmore of funny people on Twitter. He also happens to have a depth of knowledge of financial history that few others possess. I had a lot of fun chatting with him and Josh yesterday about what a Trump impeachment might mean for the market. Spoiler, ¯\_(ツ)_/¯ Click to subscribe…
From Best to Worst
The best performing stocks have gotten hit the hardest in September.
Re-examining Worldly Wisdom
“Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.” This is usually true. Sometimes. Kind of.
QE-Distorted Markets
J.P. Morgan put together a post detailing why it’s been so hard for active investors to beat their benchmarks. There were charts. Lots of charts.
Animal Spirits: Stockpiling Cash
On this week’s show we discuss Airbnb’s need to IPO, WeWork’s latest PR nightmare, rich people raising cash, why now is one of the hardest investing environments ever, do interest rates impact private markets, Disney Plus, why no one will ever buy Twitter, YouTube influencers, Jim Grant and much more.
The Next Recession
The drumbeat of recession calls grows louder every day. One of the biggest drivers of this is simply due to how long it’s been since the economy experienced a setback. We are in the 41st quarter of the current economic expansion. What’s notable about this period, aside from the duration, is also how modest growth…
These Are the Goods
The best stuff from last week
Searching For Bobby Shiller
Ben and I are doing this new thing for Animal Spirits where we post a couple of show highlights on YouTube. Check out the first one below. Subscribe to the channel so you never miss an update.
Animal Spirits: Michael’s Brain Fart
On today’s show we talk about:
-The chart crime of the year
-The worst movie ever
– A point I try to make goes horribly awry
-Venture capital returns, and much more.