Even Warren Buffett Can’t Nail the Bottom

I’m surprised we haven’t heard of a bazooka purchase from Warren Buffett and Berkshire Hathaway yet. Buffett is known for finding deals at favorable terms during a crisis. There is no shortage of companies or entire industries that could use Berkshire’s war chest of cash at the moment. This feels like a ‘when?’ not an…

Animal Spirits: The Historic Surge in Unemployment

We’re still doing two episodes until things calm down. We discuss: Scary economic data is finally here Will the government need another round of fiscal stimulus? Whey “I don’t know” is the right mindset at the moment What’s the best case scenario for this? The wide range of economic and market outcomes What do you…

Animal Spirits: The First Thing to Go in a Crisis

Another week in quarantine so Michal and I continue to record Animal Spirits from the comfort of home. We discuss: Why the end of this crisis will only look obvious in hindsight How long until people start losing their patience? Why fiscal stimulus is so important right now The U.S. response to this crisis shows…

How Does the Market Crash Impact Retirees?

This can be a scary time for those who have never lived through a market crash. But young people and those still in the accumulation phase will eventually come to realize that lower prices are a good thing for new savings. For those approaching retirement or already in retirement a market crash poses an even…