Michael & Ben discuss yield curve inversions, RV indicators, recessions, and much more.
Animal Spirits: Paycheck to Paycheck
Is The United States Turning Japanese?
Why comparisons of the U.S. economy to Japan are off base.
Talk Your Book: Invest Like a Hedge Fund With Titan
Michael & Ben chat with Titan co-founder Clayton Gardner.
Who Has the Most Impressive Investment Track Record?
Why Warren Buffett has the greatest track record of any investor.
An Appreciation for the Bull Market in Long-Term Bonds
The bull market in long-term bonds is a sight to behold.
Learning to Embrace the Chaos & The End of History Illusion
Some things I’ve learned about myself as I’ve aged.
Animal Spirits: Business in a Box
On this week’s Animal Spirits with Michael and Ben we discuss: What to make of negative interest rates Who is buying these bonds with negative rates? The new Apple credit card What I wish I knew at age 34 SPY and the last survivor The growth in takeout food If we’re at the low point…
The Impact of Interest Rates & Inflation on Stock Market Valuations
It feels like we’ve been having the same conversation about U.S. stock market valuations for 7-8 years now. But just saying “valuations are high so they have to come back down to average” misses out on the nuance and context required to think through where they stand. It would be naive to assume valuations will…
This is What Happens as Societies Become Wealthier
What happens to interest rates and market returns as societies become wealthier?
TL;DR: The Best Finance Books in One Sentence
Short summaries of some of the classic finance books.
