On this week’s Animal Spirits with Michael & Ben we discuss:
- Stocks are not bonds, dividends are not written in stone.
- How we think about small cap stocks in a portfolio.
- Why you have to take historical market data with a grain of salt.
- Are the findings from the famous marshmallow experiment a myth?
- Why portfolio construction and risk management are underrated.
- Not all athletes are terrible investors.
- The downfall of ESPN and what the company has in common with Fidelity Investments.
- Why millennials are behind Gen X at the same stage in life with their net worth.
- How to scare people with charts.
- The enormous chunk of returns eaten up by hedge fund fees.
- Why investing is overrated.
- How the age of your kids affects your reading output.
- Michael’s book of the summer and much more.
Listen here:
Stories mentioned:
- My dad has $1.8 million of GE stock — what should he do?
- Fact, fiction, and the size effect
- This is the small cap secret no one ever told you about
- What if there is no small cap premium?
- The myth of 1926
- Revisiting the marshmallow test
- Separating ingredients and recipe in factor investing
- Kevin Durant’s growing empire
- How a weakened ESPN became consumed by politics
- Fidelity searches for life after mutual funds
- The financial health of millennials
- Lessons from the past 25 years
Chart crime of the week:
Books mentioned:
Charts mentioned:
Podcasts mentioned:
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