Today’s Animal Spirits: Talk Your Book is presented by iShares: We discuss: Why diversifying overseas still makes sense. What matters more — valuations or mean reversion? Does value investing work better overseas? BUT WHAT ABOUT JAPAN?! Is market cap weighting really suboptimal? Can factor investing replace old-school active management? Why should investors bother diversifying internationally?…
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What I’ve Been Reading Lately
I’ve been on the road a couple times in the past two weeks so I’ve been doing an above average amount of reading lately. My standard rule for plane travel is no in-air Internet for two reasons: (1) The wi-fi rarely works so it just ends up being a huge waste of time trying to…
Animal Spirits Episode 59: Late Cycle
On this week’s Animal Spirits with Michael & Ben we discuss: Why every market correction feels different. 2018 stock market losses are in line with historical drawdowns. Why I’d like to see a shallow recession and run-of-the-mill bear market. How pretentious is it to say, “I will say this…”? Why aren’t rich people happier? Would…
Animal Spirits Episode 58: The Sellers Are in Control
On this week’s Animal Spirits with Michael & Ben we discuss: Michael’s two appearances on CNBC. The couple who retired in their 30s with $1 million. Are the FIRE people offering unrealistic expectations? Can your savings really last 50+ years using the 4% rule? When FIRE goes wrong. How much money does the average retiree…
Talk Your Book: Investing in Commodities
Today’s Animal Spirits: Talk Your Book is presented by Graniteshares: We discuss: Boom and bust nature of commodities What is the role of commodities in a portfolio — manage risk or price appreciation? Why would commodities add a risk management component to a typical portfolio? Do commodities need inflation to do well or is it…
Animal Spirits Episode 57: Passive Income
On this week’s Animal Spirits with Michael & Ben we discuss: Why monetizing content is so difficult. Why passive income is a myth for most people. Are we sellouts for taking on sponsors for the show? Is it even possible to sell out in 2018? Michael Douglas, Jake the Snake Roberts & Andre the Giant….
Animal Spirits Episode 56: How to Ask the Right Questions
This week’s Animal Spirits with Michael & Ben is presented by J.P. Morgan Asset Management: We discuss: A history of the 401k. Why pensions were never as prevalent as most people assume. Why cashing out your 401k is a bad idea. The pros & cons of multi-factor investing. Competition in factor investing. If market cap…
Talking ETFs, Volatility, Bonds, Value Investing, Endowments & Retirement Withdrawal Strategies
I was in New York City this week for a short trip to visit our headquarters in Bryant Park, tape some new segments for upcoming podcasts episodes, eat enough to put me into a food coma, see some stand-up comedy, and visit with colleagues and friends. This included an appearance on Bloomberg IQ to chat…
Animal Spirits Episode 55: How to Create the Perfect Fund
On this week’s Animal Spirits with Michael & Ben we discuss: Is universal basic income feasible in the US? How much would it cost to give everyone aged 18-65 $1,000/month? What does the perfect hedge fund look like? What do investors expect from their liquid alts & hedge funds anyways? Why isn’t the language of money…
Animal Spirits Episode 54: Spirit Animal
On this week’s Animal Spirits with Michael & Ben we discuss: How long until the next bear market hits? Can you quantify recession predictions? What impact do the mid-term elections have on stocks? How often do bonds outperform stocks over 30 year periods? How many Americans consider themselves “financially healthy”? Should you combine your finances…
