On today’s show we discuss
-How underwear can predict recessions
-How much studios are spending on content
-The NBA and China Debacle
-How long millennials plan on working, and much more
Animal Spirits: The Undies Indicator
Look Away
GMO’s most recent 7-year forecast does not paint an especially pretty picture for stocks or for bonds.
Animal Spirits Re-Kindled: Malcolm Gladwell
On today’s show, we discuss:
-Malcolm Gladwell blow back
-From his first two books, what aged the best and what aged the worst?
-Favorite quotes, studies, and anecdotes?
-Today’s Tipping Points, and much more
These Are the Goods
The best stuff from last week
Tell Me What You See
The Dow opened the 20th century trading at 68. It closed at 11,497, a 16,875% increase, which explodes to 1.8 million percent with dividends. But of course nobody got these returns, and the ones that achieved even a fraction of them had to endure unthinkable pain along the way. Consider that: The low in 1932…
Is The Fed Managing Stock Market Sentiment?
“The Fed is managing stock market sentiment more than it’s managing its mandate”
Animal Spirits: Winners of the Financial Crisis
On this week’s show we discuss how private equity came out so well from the financial crisis, what’s changed in the private tech markets, algos controlling trading, how allowance to give your kids, why anecdotes don’t tell the story about the economy, why Fidelity is the Microsoft of the asset management industry and more.
Unified American Discourse
Besides the NBA China story, the Joker hot takes, Trump tweeting about the #donothingdemocrats, the outrage over a #cancelWWEnetwork match, and the venture capitalists butting heads with Scott Galloway, it was a fairly quiet weekend. How did this happen? When I first joined Twitter in November, 2009, it was mostly to follow Knicks and Giants…
These Are the Goods
Articles Every current event – big or small – has parents, grandparents, great grandparents, siblings, and cousins. By Morgan Housel When you trade for free, you still pay—at a different tollbooth. By Jason Zweig The public markets are a lot different than the private markets. By Fred Wilson Technology and materials firms sell more outside…
Advice for New Readers
A few books for new readers
