On this week’s Animal Spirits with Michael & Ben we discuss:
- Some proposals from Barron’s on changes Warren Buffett should make at BRK.
- The latest letter from Howard Marks.
- Why the ‘mother of all credit bubbles’ isn’t as bad as you might think.
- Why it makes no sense to compare government debt to household debt.
- Should computer programmers move from Silicon Valley to the Midwest?
- Why the source of the investor behavior gap isn’t poor market timing abilities.
- The enormity of WeWork’s private market valuation.
- Overly optimistic wealth expectations by millennials.
- Manipulation in bitcoin prices.
- Skill vs. luck in professional sports.
- The Tesla circus and much more.
- Preparing Berkshire for a future without Buffett
- Investing without people
- Welcome to the ‘mother of all credit bubbles’
- Household leverage hits a 30 year low
- Time to not freak out about debt again
- Mergers would make AT&T, Comcast the world’s most indebted companies
- Big tech loses its appetite for bonds
- Tech’s great migration to the Midwest
- Hindsight bias in dollar-weighted returns
- WeWork in talks to double market valuation
- Millennials and money survey
- Combined wealth of millionaires surges to more than $70 trillion
- Bitcoin prices have been manipulated
- Predicting the World Cup is like trying to beat the market
- How Draymond Green sacrificed to build the Warriors’ dynasty
- Tesla chief Elon Musk accuses worker of sabotage
- The Most Important Thing by Howard Marks
- The Geometry of Wealth by Brian Portnoy
- The Lords of Creation: The History of America’s One Percent by Frederick Lewis Allen
- The Great Depression: A Diary by Benjamin Roth
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