Animal Spirits Episode 9: Invest Like the Worst

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

  • Michael’s old trading diary and why he shorted Amazon.
  • The benefits of documenting your investment process & ideas.
  • GMO’s latest dire predictions for the markets.
  • The prospect for micro efficiency and macro inefficiency in the markets.
  • Why the path of returns matters more than the returns themselves.
  • Why millennials should pray for lower returns and market crashes.
  • Do you really need to hedge all of your risks in a portfolio?
  • Why you shouldn’t go long dinner and short breakfast.
  • Why you should read fiction books and much more.

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