Animal Spirits: Do Economies Need to Go Bust?

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This week’s Animal Spirits with Michael & Ben is supported by YCharts:

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We discuss:

  • The insane run in Tesla’s stock price
  • Understanding base rates when thinking about the future
  • Bill Miller and Ray Dalio
  • Why sports gambling is the new stock-picking
  • Why there can’t be a Barstool for finance
  • Should we care that Zero Hedge got banned from Twitter?
  • Do we need recessions for the system to work?
  • Why facts don’t change people’s minds
  • Re-thinking personal finance education
  • Why risk and return aren’t always perfectly linked in the fixed income space
  • Pros and cons of high-frequency trading
  • People lie on surveys, exhibit 2,943
  • Would you be better off investing in private equity companies or funds?
  • How uncorrelated is bitcoin and much more

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