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A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
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50 Years of Stock Market Returns

2026-05-15 08:28:26

Bill Sweet joined us on the show again this week to tackle questions about why stocks are up, how consumption taxes work, foreign tax credits, how to save for college, retirement planning for small business owners and how to sell low cost basis stocks. Further Reading: 31 Years of Stock Market Returns The post 50 Years of Stock Market Returns appeared first on A Wealth of Common Sense. ...

Animal Spirits: This Won’t End Well

2026-05-13 19:15:47

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My New Book: Risk & Reward

2026-05-12 20:30:28

Here are 7 of the biggest risks from the past 100 years or so of financial markets: 1. Following the Roaring 20s the U.S. stock market peaked in September 1929. Over the next three years or so the stock market would fall 86%. A $1 million portfolio would have turned into $140,000. 2. The 1970s inflation was absolutely brutal for households and investors alike. The inflation rate averaged nearly 8% per year that decade, wh...

Talk Your Book: Investing in Securitization

2026-05-11 19:15:53

Today’s Talk Your Book is brought to you by Janus Henderson Investors: To learn more about Janus Henderson Investors click here: https://www.janushenderson.com/ On today’s show, we discuss: Why AAA CLOs have never experienced a default in the history of the asset class, through 2008, 2020, and 2022 How the waterfall structure and overcollateralization in CLOs provide a built-in layer of credit protection ...

The Melt-Up

2026-05-10 23:49:21

After being down 7% on the year at the end of March, the S&P 500 is now up almost 9% in 2026. The bull market marches on. As the AI trade shifts into overdrive and the market moves on from geopolitical concerns almost immediately, it’s worth considering the potential for a market melt-up. Maybe it’s already here? These are the one year returns for various segments of the stock market: Not bad but these t...

Why Are Hedge Fund Managers Always Bearish?

2026-05-09 04:30:51

I’ve written a number of pieces over the years about how hedge fund managers are seemingly always bearish. Ray Dalio has been predicting a financial crisis for years now: Paul Tudor Jones has been predicting a comeuppance for a while too: I think it’s beneficial to know that even legendary investors have a hard time forecasting what comes next. If the legends can’t do it what chance do we mere mortals ...