Animal Spirits Episode 8: May Day

On this week’s Animal Spirits with Michael & Ben we discuss:

  • The huge problems facing municipal pension plans.
  • The pension fund Hail Mary in private equity.
  • Jeremy Siegel’s less pessimistic expected return assumptions.
  • Why women are better investors than men.
  • Why historical market returns are likely overstated.
  • The unfortunate math on a 60/40 portfolio.
  • Bitcoin and the psychological pull to conform.
  • Is Warren Buffett bearish?
  • The problem with the hero worship of Jobs, Musk & Bezos and more.

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