Animal Spirits Episode 5: Wave Pools & Market Inefficiencies

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

  • The Vanguard of the alternative mutual fund world.
  • Is active management too big?
  • ETF prices wars
  • The psychological impact of market valuation
  • Career risk
  • The shrinking U.S. stock market
  • Wave pools
  • The problem with backtests and market anomalies
  • The polarizing nature of Elon Musk and Tesla
  • Why short selling is so difficult
  • Reader mailbag with our thoughts on turning blogs into business prospects

Listen here:

Stories discussed:

Books discussed:

Podcasts mentioned:

And here’s the Mike Tyson trading system we talked about:

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