Animal Spirits Episode 31: Stocks Are Not Bonds

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.

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