Articles They are being robbed every single day By Ryan Krueger It’s time for young people to stop blaming others for their problems By Ben Carlson Most of the social media networks we study generate much more social capital than actual financial capital By Eugene Wei Maybe there is a better way to discuss money…
When I’m in a casino I tend to do two things: I bet conservatively when I’m winning I bet aggressively when I’m losing. This is not consistent with rational behavior, but evidently I’m not alone. This affliction runs rampant in our species. Economists reviewed more than five hundred thousand online poker hands and looked at…
Today’s Animal Spirits is presented by YCharts Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Discussed Killer Vees The father of millennial socialism American domination Should you prepay your mortgage? The guy who wrote the book on how to detect fraud Imagine moderating Facebook all day? The law says markets are efficient The…
Chris Bosh, two-time NBA champion, was recently on the Bill Simmons podcast talking about the unhappiness of today’s superstar. Wait, what? It’s hard to imagine how a 23-year old kid who signs a five year, $127 million deal could be anything other than giddy all the time. This type of thing is possible because the 23-year old…
Articles The economists of the early 20th century did not foresee that work might evolve from a means of material production to a means of identity production. By Derek Thompson Socialism is the symptom, but the underlying problem is cronyism By Barry Ritholtz The 401(k) was supposed to be an extra savings account and nothing…
A report that I look forward to reading, okay skimming, every year is the Credit Suisse global investment returns yearbook. One of the more remarkable statistics in the new release can be found in emerging and frontier markets. These countries account for 40% of world GDP and 68% of the world population, yet they represent just 12%…
The S&P 500 just rocketed 18% higher in only 44 days. A bounce of this magnitude makes a mockery of risk management. This is the ninth time stocks have experienced a killer vee bottom since 1970. I refer to them as killer vees because they suck for everyone. It makes buy and hold investors sweat…
One of the more unsettling realities of investing is that we cannot rely on data from the past to guide us in the future. It’s important that investors learn about market history and have a basic understanding of math, but beyond that, less might actually be more. In Enough, Jack Bogle wrote: Numbers are not…
On today’s Animal Spirits, we discuss: Desks were not meant to be our altars Wealthy and miserable Berkshire letter This guy actually put $10,000 into Microsoft at its IPO More credit card debt than emergency savings A survey I don’t trust A different look at sequence of returns Inheritances Cell phone addictions Listen here Charts…
According to a recent Morningstar report, “shareholders of major U.S. stock market index funds have about 40% foreign exposure, as measured by corporate revenues.” Does this mean that U.S. investors already have plenty of overseas exposure, eliminating the need to diversify into international stocks? Let’s go to the scorecard. The S&P 500 destroyed international stocks since 1970,…
