On this week’s Animal Spirits with Michael & Ben we discuss:
- How much brokers charged in the 1940s for stock trades.
- Stocks are overvalued by almost every measure but what does that mean?
- How the growth of intangible assets has impacted the markets.
- The fallout from the crypto massacre.
- Will the finance industry stamp out Robinhood’s growth?
- Why have managed futures funds performed so poorly?
- Americans still know how to spend money.
- The sell signal that’s only happened 5 times since 1895.
- Does it matter how long the bull market is?
- There will always be bad actors in financial services.
- Will our sons play football when they get to high school?
- Would you rather receive a lump sum or guaranteed monthly payouts?
- Are lottery winners happier than everyone else?
- A bad idea by Chicago to fix their pension problems.
- Is it even possible for indexing to become too popular?
- Micheal’s review of The Meg & much more.
Listen here:
Stories mentioned:
- The first modern investing advertisement
- The 8 best predictors of the long-term market
- Hard lessons for cryptocurrency investors
- JP Morgan unveils new investing app
- The big hedge fund strategy that isn’t working
- “The best consumer environment I’ve seen in my career”
- Walmart moves to compete with Audible
- The sell signal that’s only happened 5 times since 1895
- Caring for aging parents and their money
- Boiler room 2.0
- Wells Fargo pushed advisors to use high fee products, cross-sell
- Would you rather…
- Money really does lead to a more satisfying life
Books mentioned:
- The Woman in the Window by A.J. Finn
- When Hitler Took Cocaine and Lenin Lost His Brain: History’s Unknown Chapters by Giles Milton
- A World Lit Only by Fire by William Manchester
- Going Solo by Roald Dahl
Charts mentioned:
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