A reader asks: Ben, I believe you have written at least once about how surprisingly few times the stock market has grown near its long-term average in a given year. In other words, its typical annual returns are well above its long-term ~10% average, or well below. I’m searching for it on your blog site…
Animal Spirits: The YOLO Economy
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. If you’re looking for a new job at a fast-growing investment research firm, YCharts is hiring. We discuss: Why would you use leverage to trade crypto? Why making a…
The Golden Age of Fraud is Upon Us
Why the current market environment is ripe for financial fraud.
The Psychology of Fighting the Last Crash
How lumber prices help explain investor actions following a crisis.
The Case For a Having a Fun Portfolio
The behavioral benefits of having a fun portfolio.
All Models Are Wrong But Some Are Useful
Financial and economic relationships are never static.
The Two Most Underappreciated Forces Driving Markets Today
There are a number of factors that drive the markets that most investors pay attention to. Things like earnings, economic growth, interest rates, inflation, market trends and valuations. All these things matter in terms of setting prices. But they are not the be-all, end-all. You can’t simply take fundamental data as gospel for how the markets…
Animal Spirits: The Dumbest Week Ever
Today’s Animal Spirits is presented to you buy Osprey Funds: Subscribe to Osprey’s newsletter about all things crypto here. We discuss: The joke cryptocurrency going nuts Why dogecoin annoys me so much The problem with meme stocks and joke cryptocurrencies Do we really need the ability to trade stocks 24/7? All models are wrong but…
How Much is Your Time Worth?
The importance of spending money on convenience.
The Most Annoying Bull Market of All-Time
Some thoughts on dogecoin.