A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
On Friday the S&P 500 closed at 7,757.64.
That was a new all-time high. It was the 26th new high of 2026.
By my count, there have now been almost 1,400 new closing all-time highs since 1950. That’s roughly 20 new highs every year, on average.
So we’re a little on the high side this year but that’s to be expected during a bull market.
Investors who have stayed the course and reached new highs deserve...
Obsession is one of the best movies of the decade.
It’s also one of the best stories in recent film history.
Writer-director Curry Barker is 26 years old. The budget for the movie was just $750k. It’s made almost $500 million in worldwide box office.
I love that fact that a low-budget indie flick can feel so high quality. I love a great movie with a bunch of relatively unknown actors who feel like they’...
We also discussed questions about financial advice for people in their 20s, how to deal with the threat of AI in your career, the pros and cons of buying a home and what to do when you get off the grid for good.
Further Reading:
Leverage in the Stock Market
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On today’s show, we discuss:
A Bull Market in Nostalgia
His Wedding Guests Were Arriving–Just as...
Our kids were at camp last week so my wife and I took a last minute trip to Chicago.
We stayed at a nice hotel, walked around the city, did some shopping, ate some nice meals and consumed a few drinks. It was a nice time.
After dinner we took a stroll on the river walk.
It was a Tuesday night. All the bars and restaurants were full of people. They were eating, drinking, smiling and spending money on $19 cocktails.
I made ...
Long-term government bond yields are on the rise yet again:
On the one hand, 30 year Treasury yields are now the highest they have been since 2007, right before the onset of the Great Financial Crisis. Long bonds yielded around 1% in at the Covid crash nadir so they’ve come up a lot this decade.
On the other hand, the average yield in the past 50 years is 6.2%. From 1977 through the summer of 2001, yields on long b...
