This one surprised me. Momentum exists in large cap indices, not small ones.
Today’s Animal Spirits is brought to you by YCharts. Mention Animal Spirits to receive 20% off (*New YCharts users only) Listen here On today’s show we discuss The TD/Schwab deal The nastiest, hardest problem in finance A vertical bathtub Why no one is moving… …And boomer homes Zillow’s plan for world domination Spending per child Spotify and…
Business books are better than books about business.
What’s going on with value?
How should value be measured?
How should we benchmark these strategies?
How Jack and Wes discovered and adopted momentum
The differences between momentum and trend following and growth, and much more
The best stuff from last week
In this video we debate who is the greatest investor of all time.
Old metrics don’t work anymore, here are some signs to look for to identify a stock market top
Never underestimate the role of luck
On today’s show we discuss:
-Disney+ and Ben’s fillibustering
-A billion people IPOd
-Shorting Netflix for 15 years
-Scaring older, religious investors, and much more
It’s probable that returns will be lower over the next decade but that doesn’t mean you should stop investing