Animal Spirits: Too Young, Too Dumb & Too Inexperienced

We’re back for show number two of this week. We discuss: Corporation inequality Retail spending is making a massive shift to online shopping Why aren’t video game company stocks up more? Deflation is here Inequality in the unemployment numbers Pain for even the very best restaurants Why the government needs to extend unemployment benefits and…

Nothing Fails Quite Like Success in the Stock Market

A reader sent me an old piece I wrote in early-2014 that contained a stat that made me do a double-take: The energy sector outperformed the S&P 500 by nearly 7% per year with nearly the same standard deviation. This seems almost impossible to believe at the moment. Oil prices went negative this year. Energy…

The 5 Types of Investors In This Market

Market prices are created by millions of different opinions, time horizons, risk appetites, investment styles and personality types. These differences are what make a market. Otherwise, there would be few transactions and a lack of liquidity. Investor sentiment is often based not only on what’s going on in the markets but also how people position…