My non-prediction predictions for the year ahead.
10 Things Investors Can Expect in 2020
I Gotta Say, It Was a Good Year
2019 was a good year for risk assets. Basically everything worked this past year: Large caps, mid caps, small caps, foreign stocks, emerging markets, REITs, bonds, TIPS, and gold were all much higher in 2019. If you couldn’t make money last year you were extremely unlucky, concentrated in the wrong securities or betting against the…
No One Wants to Follow a Pessimist
Why leaders have to be optimistic about the future.
Animal Spirits: Everybody’s Busy
On this week’s Animal Spirits with Michael and Ben… We discuss: Why do Americans work so much? Why hasn’t innovation made us happier? Tech bros vs finance bros Shopify’s approach to running a happier organization Why “busy” is such a crutch Why most private equity associates and MDs feel underpaid Is college becoming less important…
The 2010s Market Decade in Review
What happened in the 2010s in the markets.
Peter Lynch: The Barry Sanders of Investing
One Up on Wall Street is one of the first 5 or 6 investing books I read early on in my career when I still knew nothing about how the markets operate. I enjoyed it mostly because Lynch’s affection for the markets is infectious. His love for the game of investing leaps off the pages…
The Awful Economy Paul Volcker Inherited in 1979
The 2007-2009 economic crisis was an all-time horrible situation not only for all of us normal people who had to live through it but also those central bankers who had to figure out how to save a sinking ship. They basically threw the kitchen sink at the problem and we’re all better off for it…
Animal Spirits: The Best Decade in Human History
Michael & Ben discuss the one year anniversary of the bear market, how past returns impact forward returns in stocks and Ben’s favorite movie of the year.
Looking Back at The Bear Market, a Year Later
A look back at what we were talking about during the 2018 bear market, which bottomed on Christmas Eve last year.
A Random Watch Down Wall Street: Trading Places
On this edition of our favorite finance movies, we re-watched the Dan Aykroyd, Jamie Lee Curtis, Eddie Murphy classic, Trading Places. We discuss: Lifestyles of the rich and famous in the 1980s Why did it take so long for movies to start in the 80s? Trading commodities in the futures pits Gold vs stocks since…
