A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
The Iran war started in late-February.
In a matter of weeks, the S&P 500 was down nearly 10%.1
Those losses have been erased in a hurry as the stock market raced back to new all-time highs in no time.
According to Bespoke Investment Group, this is the first time in the past 100 years that the S&P 500 made new all-time highs in 11 trading days or fewer after falling 5-10%.
The market is supposed to take the stairs ...
We also touched on questions about why markets move so much in the short-run, how well your 60/40 portfolio protects against bear markets, how advisors should think about private investments and some lessons learned in wealth management.
Further Reading:
The Longest Economic Boom Ever?
1Remember when the big concern was excess pandemic savings running out? You don’t hear about that anymore.
2Mortgage debt still mak...
From the bottom of the Liberation Day sell-off around a year ago the S&P 500 is up 41%.
From the bottom of the 2022 bear market the S&P 500 is up 104%.
From the bottom of the Covid Crash in March 2020 the S&P 500 is up 238%.
From the bottom of the mini-bear market in 2011 the S&P 500 is up 715%.
From the bottom of the Great Financial Crisis in March 2009 the S&P 500 is up 1,292%.
Sure, buying at the ex...
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On today’s show, we discuss:
JEPI’s relative outperformance in early 2026 and the role of active stock selection
Why writing options at the index level avoids capping gains on winners
The case for prioritizing total return over headline yield
How advisors are utilizing these products across different portfo...
I had the chance to talk to Weld Royal for a recent profile at Barron’s:
We talked about my new book (it comes out in a month!), institutional investors, working with wealth management clients, managing risk and more.
We also got into some of my thoughts on how I got into creating content:
You wrote about getting started at Ritholtz in 2015 by criticizing the industry. What was wrong then–and now? It just fel...
