Today’s Animal Spirits is brought to you by YCharts
On today’s show we discuss:
- The pandemic could be over by January
- The real reason Elon is selling his stock
- Old metrics for new companies
- We invested in Quartr
- Zillow earnings transcript
- Zillow shareholder letter
- Peloton transcript
- Help really wanted
- October employment report (Bill McBride)
- 11% of people quit their jobs because they’re cryptorich. LOL
- Get 1% on your checking account
- The housing bubble was greatly exaggerated
- Get 20% off good wine (Promo code SPIRITS)
Listen here
Transcript (via Audiograph)
Recommendations:
- You
- Finch
- Succession
- Curb
- Yellowstone
- Dexter
Charts:
Tweets:
If you’re going through 12 gallons of milk a week it’s time to invest in a mothefucking Cow.
— Tony Posnanski (@tonyposnanski) November 4, 2021
If you want a sense of the dumb incentives policy journalists are facing at the moment:
A few weeks ago, I wrote an article I was pretty proud of that correctly anticipated that the climate section of BBB was going to be shockingly strong, despite the demise of CEPP…
— Jordan Weissmann 🗽 (@JHWeissmann) November 7, 2021
Because traditional markets close on weekends, there is no way to get liquidity, risk management, or price discovery based on this tweet.
Oh wait, there is: https://t.co/oAnY1hIrHA https://t.co/eqARhB4pgB
— SBF (@SBF_FTX) November 6, 2021
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
This was before Zillow, Peloton and some of the other bombs.
H/t @TheBenSchmark pic.twitter.com/CLcMBpgitv
— Michael Batnick (@michaelbatnick) November 5, 2021
The criticism @Rich_Barton gets will be deserved; as would the praise had he got it right. But give me the CEO who has the guts to exit a bad trade and face the market consequences over the one who won't.
— Ed Borgato (@EdBorgato) November 2, 2021
Zillow shuttering iBuying is the first super popular bear thesis to play out in like 10 years. It actually ended badly! I forgot that was even possible. Just seemed like a thing people say before they lose money.
— Dan McMurtrie (@SuperMugatu) November 3, 2021
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