Today’s Animal Spirits is brought to you by Acre Trader, Investing in Farmland. Simplified. Visit acretrader.com to learn more
On today’s show we discuss:
- Crypto leverage
- Cutting leverage to 20x
- When to take profits from big winners?
- 18 years, lol
- Parents paying their kids’ college costs
- “A struggle for the millenials”
- Competing against the bond market
- Ben is wrong on Robinhood
- Robinhood says most of their investors buy and hold. Right. And I’m Warren Buffet.
- HBO Max blowing up
- Netflix is in trouble
8) The average leverage used on FTX is ~2x.
And while we think that many of the arguments are high leverage miss the mark, we also don't think it's an important part of the crypto ecosystem, and in some cases it's not a healthy part of it.
— SBF (@SBF_FTX) July 25, 2021
This article says someone spent 160,000 hours researching "all things bitcoin." How is this possible?https://t.co/8yl4g94nRN
— Michael Policar (@MikePolicarNGP) July 24, 2021
Dave Ramsey has 13 million listeners a week & is the 3rd biggest talk radio personality in the country. Never realized he had this much pullhttps://t.co/tVMOl74rUx pic.twitter.com/P5vYQPLaDP
— Ben Carlson (@awealthofcs) March 12, 2018
Paying off your debt won't magically change your money psychology
Having $1 million in the bank also won't magically change your money psychology
The way you feel about $ is much less correlated with the amount in the bank than people think
Money psych is a separate skill
— Ramit Sethi (@ramit) July 23, 2021
CoreLogic: House Prices up 9.2% Year-over-year in December https://t.co/YyM5k8ffE5
— Bill McBride (@calculatedrisk) February 2, 2021
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