A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
Households have dealt with a lot of hurdles in the 2020s, economically-speaking.
First there was the pandemic which screwed up supply chains and led to an unthinkable amount of government spending to keep people and businesses afloat.
That led to the highest inflation levels in four decades.
Then the Russia-Ukraine war sent gas prices through the roof.
We also had tariffs to deal with last year.
The Iran war this year sen...
A reader asks:
The “Relentless Bid” of 401ks has inflated stock prices and dampened volatility for years. As the population ages, target-date funds are swapping stocks for bonds, and people have to take RMDs. At what point does this cavalcade of selling drive stock prices down, and become the “Relentless Beg” (or “Relentless Ask” if you prefer)? Or is wealth so top-heavy that this pheno...
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One of my favorite parts about writing over the years is the regular feedback I get from readers.
People send me questions, ideas, charts, movie recommendations, books, old magazines and the occasional grammar/spell check.1
A reader recently shared with me that he’s been collecting Wall Street comics for a few decades. He wanted to send me the entire collection, clipped straight from newspapers and financial publica...
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On today’s show, we discuss:
Why emerging market bonds now have lower volatility and higher carry than Treasuries
How the absence of fiscal dominance has made emerging market debt less risky
Why central banks are quietly buying Asian local currency bonds as reserve assets
The case for ...
Every year I do some back-of-the-envelope investment planning to set some goalposts.
It’s a useful process to take stock of where you are, where you’ve been and where you’re going.
I take our current net worth and savings rate. Then I make some assumptions about future savings rates, income and return expectations. Those return expectations exist in a range because it’s impossible to predict the fu...
