Animal Spirits Episode 70: The Rich Man’s Disease

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

  • The meaning of work
  • Why working more is making Americans miserable
  • Smartphone addiction
  • Warren Buffett’s latest shareholder letter
  • Does Buffett make it sound too easy?
  • The greatest investor you’ve never heard of
  • The insane rally in the stock market
  • What matters more — performance or fees?
  • Upside potential in retirement
  • More surveys that don’t make any sense
  • Why would someone buy a CD yielding 2%?
  • How much inheritance should young people expect?
  • What comes first — the blog post or the title?
  • Why are people so passionate about brunch?
  • Things that annoy us, my True Detective review and much more.

Listen here:

Stories mentioned:

Books mentioned:

  • The Power of Habit by Charles Duhigg
  • The Match King by Frank Portnoy

Charts mentioned:

Shows/Movies/Podcasts Mentioned:

  • True Detective Season 3 — The first episode sucked me in but it took 4-5 episodes from there for anything else to happen. A decent twist ending in the finale but not good enough to make up for a relatively boring plot (I probably would have given up a lot sooner if it wasn’t for Mahershala Ali’s wonderful acting). I give it a 5.5 out of 10.

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