On this week’s Animal Spirits, we discuss The couple who retired in their 30s And how they did it How to retire on a fixed chunk of money When FIRE goes wrong Steak dinners Judge Judy is very rich The sellers are in control Correction could be bullish Listen here: Tweets mentioned This is a…
Animal Spirits Talk Your Book: Investing in Commodities
Today’s Animal Spirits Talk Your Book is presented by Graniteshares Topics discussed Boom and bust nature of commodities What is the role of commodities in a portfolio — manage risk or price appreciation? Why would commodities add a risk management component to a typical portfolio? Do commodities need inflation to do well or is it…
These Are the Goods
Articles There are many tooth fairies in the world, but, the question is, do you want to crack open your eyes to see them? By Nick Maggiulli Semantics play a huge role in investing By Tadas Viskanta You don’t have to speculate like optionsellers.com to be caught short volatility at the wrong time By NeckarValue…
A Second Challenge to Judgment
The first edition of the Journal of Portfolio Management opened with an article from its founder and editor, the great Peter Bernstein. In What this Journal is About, he wrote: The maiden issue of this Journal appears at a critical time for our profession. The dismal of record of portfolio management over the past five years…
Animal Spirits: Passive Income
On this week’s Animal Spirits, we discuss: The truth about the content business How much should you charge? Option selling When cash outperforms everything Nothing is making money this year The private equity pillage This is a weird story Is a recession coming? Recommendations Factfulness Banana The Next Millionaire Next Door Joe Rogan and Jake…
Ridiculous Outcomes
ETFs are having a bad year. Wait a minute, “ETFs are having a bad year?” That doesn’t make any sense. There are ETFs that track a stock index There are ETFs that invest in commodities. There are ETFs that invest in emerging market stocks with low volatility. These investment vehicles come in all different shapes…
The Nifty Fifty
The bear market of 1969 absolutely wrecked small stocks. In just 17 months, they lost 56% of their value, leaving investors once bitten, twice shy. People saw how quickly smaller companies could lose their value, so they turned to a new group of “one decision” stocks. These were blue-chips that had such high growth prospects…
These Are the Goods
Articles If your investments are encumbered by loans and debt, you’re not going to be able to withstand many tackles. By Josh Brown The only way to distinguish between theory and practice is to test yourself and understand your biases By Nick Maggiulli Most of the engine noise we hear today is just for show. By Brendan…
A New Look at the Shrinking Public Market
There has been a lot written this year about the shrinking public stock market. Two of the more common reasons provided are the rise and depth of private markets as well as regulations making it more costly to come public. There is a new paper out, Technological Disruptiveness and the Evolution of IPOs and Sell-Outs, that takes…
Animal Spirits: How to Ask the Right Questions
This week’s Animal Spirits is presented by J.P. Morgan Asset Management On today’s show, we discuss: The 401(k) turns 40 years old The automatic 401(k) transfer Asking the right questions Ben’s morning routine Retirees have regrets Why the American dream is dying People don’t finish books Druck says Listen here Charts mentioned Tweets mentioned Three…
