Animal Spirits Episode 40: What Worked on Wall Street

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

  • Facebook’s massive stock price crash.
  • Why my immediate reaction was to buy Facebook after its decline.
  • Why being 30 is so much harder for the current generation than their parent’s.
  • Is trend-following dead?
  • The conflicts of interest that arise when hedge funds have internal funds not open to outside investors.
  • Why Gen X has come out of the Great Recession better than other generations in terms of net worth.
  • Everyone assumes they have above average intelligence.
  • The race to zero in ETF providers.
  • How State Street lost market share in the ETF business.
  • Why pop culture contrarian indicators don’t work anymore (and never did in the first place).
  • What the song Don’t Worry, Be Happy has to do with 1987.
  • It is possible to have an economic expansion when the housing market is breaking down?
  • Should you pay off student loans before saving for your children’s college education?
  • Is now a good time to borrow from your 401(k) to use as a down payment on a house?
  • Surveys of the week and much more.

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