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On today’s show we discuss:
- Why anger spreads on social media
- Why the stock market has no heart
- Grantham on bubbles
- My thinking versus his
- The bubble is coming from…inside the stock market
- The value of intangible assets
- Chamath says stay long
- Mnuchin versus Mellon
- John Street Capital on Fintech
- 2020 was an amazing year for SPACs
- Tesla is the next Tesla
- Bitcoin whales
- A guide to Bitcoin
- Justin Paterno on the U.S. Dollar
Listen here:
Recommendations:
Charts:
Tweets:
The moral of this video is that Mark Zuckerberg and Jack Dorsey are the most powerful people in America and it's not particularly close.
— Kevin Roose (@kevinroose) January 8, 2021
The 9% long term rate of return to US equities has historically come from a 4% FCF yield and 5% growth. In the decade since 2009, there have been regular claims that we were back in a bubble, but the FCF yield suggested valuation was not stretched. This is still true today. https://t.co/cMOdtK8ddv pic.twitter.com/jB0w07f2Ez
— Ensemble Capital (@IntrinsicInv) January 4, 2021
Inflation is coming. pic.twitter.com/T3c8o80Jf8
— Jim Bianco (@biancoresearch) January 6, 2021
Most interesting macro chart I’ve seen in a while.
ISM prices paid is going vertical and it generally leads CPI by 3 months.
via the great MF at GS pic.twitter.com/2oYyJxsl06
— Gavin Baker (@GavinSBaker) January 8, 2021
Use Signal
— Elon Musk (@elonmusk) January 7, 2021
$TSLA traded an unbelievable $62b worth of shares today, that's more than the 10 next most active stocks combined and double $SPY. Outside of "Inclusion Day" (which was arguably shouldn't count) I think this is all-time record for a stock. pic.twitter.com/MpcgvTPwiB
— Eric Balchunas (@EricBalchunas) January 8, 2021
We've seen this movie before. And no, the movie isn't different this time.
Chart by @KailashConcepts. pic.twitter.com/t751G5e13L
— Tiho Brkan (@TihoBrkan) January 7, 2021
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