Stock market valuations may not make sense to a lot of people right now but valuations often don’t matter much in the short run. Take a look at the average one-year returns for the S&P 500 from various starting CAPE ratios going back to 1926: Lower than average valuations show substantially higher average returns but…
Ben Carlson
Animal Spirits: The Future of Education
This week’s Animal Spirits with Michael & Ben is supported by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service. We discuss: The 2 types of investment mistakes Hangovers and sunburns The utter domination of large firms in the stock market this year Why real estate prices are…
5 Thoughts on a World with No Yield
Investing in a world with no yield on safe assets.
Explaining the 2020 Stock Market
The biggest companies are crushing the compeitition this year.
The Bear Market in Happiness
Trying to find happiness during a pandemic.
TL;DR: The Best Finance Books in One Sentence
I enjoy reading finance books but most people do not. So to make your life easier, I’ve gone through all the classic finance books and distilled the message into a single sentence or phrase. I would still recommend reading many of these books if you haven’t, but let’s be realistic, that’s probably not going to…
The Nifty Fifty and the Old Normal
The link between today’s tech stocks and the Nifty Fifty.
The Best and Worst Quarters in Stock Market History
2020 has seen some of the best and worst quarterly returns of all-time.
Animal Spirits: Existential Hurricane
Michael and Ben discuss the biggest tech stocks, more worries about the pandemic, some new books and more.
I’m Worried
A list of my current worries.
