Ben CarlsonModify

Animal Spirits: The Teflon Economy

2026-06-10 19:15:22

Today’s Animal Spirits is brought to you by Nuveen and ClearBridge: This episode is sponsored by Nuveen. Learn more about Nuveen’s comprehensive private markets platform at https://www.nuveen.com/en-us/insights/alternatives. – Rising geopolitical tensions, continued market uncertainty, stocks backed by can offer more predictable cash flows as volatility increases. Visit https://www.clearbridge.com/ to...

The Diversification Test

2026-06-10 01:45:39

Back in my institutional consulting days I spent a lot of time analyzing the performance of active managers. Most of the endowments, foundations and pension plans were trying to beat the market and beat their benchmarks. The investment committees and boards for these non-profits needed some way of monitoring all of their stock, bond, hedge fund and private asset managers so they often came up with grading scales and watch...

Talk Your Book: Diversification in Private Assets

2026-06-08 19:15:47

Today’s Talk Your Book is brought to you by Invesco: To learn more about Invesco click here: https://www.invesco.com/us/en/insights/alternatives-investment-outlook.html On today’s show, we discuss: Comparing the role of private and public equity in a portfolio How advisors should think about carving out private assets The illiquidity premium, embracing it rather than working around it Understanding privat...

Young People Like Stocks

2026-06-07 21:05:20

Young people have it tough in a lot of ways, financially speaking. Housing is expensive. Student loans. Inflation. The cost of daycare. Etc. Etc. I know there is worry of disillusionment and financial nihilism among the Gen Z cohort but I have faith in young people. This group already has some things figured out. The Wall Street Journal shows people under 30 are taking advantage of tax-deferred retirement accounts: The s...

The AI Trade is Global

2026-06-06 04:30:10

When you live through a technological innovation boom it’s impossible to avoid trying to predict how it will turn out. Will anyone be right about what the future of AI looks like? Probably not. Here are some of my current AI predictions about the world at large: I think we’re going to see an explosion in new business formation. I think some industries/roles will be materially impacted but most of us will simp...

On the Inevitability of an AI Bubble

2026-06-04 19:41:53

I also covered questions about the SpaceX IPO, investing in bonds during retirement, AI’s impact on the labor market, supporting your in-laws who didn’t save enough for retirement and balancing all of your financial goals in retirement. Further Reading: Is This a Bubble? 1Communication services is basically tech. The biggest holdings are Google and Meta. The post On the Inevitability of an AI Bubble appeared ...