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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On today’s show, we discuss:
The Days of Set-and-Forget Investing Just Ended for Many Americans
Daily and weekly indicators for the US economy
Consumers and Businesses Send Distress Signal as Economic Fear Sets In
Listen here
Recommendations:
Lorne by Susan Morrison
Dope T...
On December 17, 1954, The Chicago Tribune ran the following headline:
DOCTOR WARNS OF DISASTERS IN WORLD TUESDAY
The paper interviewed Dr. Charles Laughead at the home of Dorothy Martin. Dr. Laughead informed the paper that Martin received communications “from outer space.”
He told reporters these communications from outer space revealed to Martin that the world would be ravaged by a great flood that ...
Today’s Talk Your Book is brought to you by Calamos Investments:
See here for more information on Calamos Private Credit Strategies
On today’s show, we discuss:
Why private credit has grown so much
How interval funds work
How liquidity works
How often the portfolio turns over
How the fund yields double digits
What specialty finance is
How covenants affect private credit loans
Commercial real estate lending gr...
Coming into 2025 the S&P 500 had just two down years out of the past 15:
2010 +14.8%
2011 +2.1%
2012 +15.9%
2013 +32.2%
2014 +13.5%
2015 +1.4%
2016 +11.8%
2017 +21.6%
2018 -4.2%
2019 +31.2%
2020 +18.0%
2021 +28.5%
2022 -18.0%
2023 +26.1%
2024 +24.9%
We were all probably a little spoiled. Regardless of the reason for the recent swoon, we were due.
By my count this is the 39th double-digit downturn since 1950:
That&#...
Here’s something I shared on Twitter recently:
Some people thought I was being hyperbolic. Maybe so. That’s the point of social media sometimes.
Then I read the latest Eye on the Market from Michael Cembalest who said what I said only much more eloquently:
Here’s the interesting thing about the stock market: it cannot be indicted, arrested or deported; it cannot be intimidated, threatened or bullied; i...
Kevin Young joined me on the show to answer a question for a young financial advisor who is dealing with his first correction with nervous clients. We also touched on questions about when to sell Palantir, when to sell a rental house and how to deal with a regional recession in Washington DC.
Further Reading:
Mega Cap World Domination
1Exxon is back in the top 15 now so they might make a return visit.
The post The Top 10...
