A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
Jerry Seinfeld said one of his favorite comedy bits of all-time is Rich Man, Poor Man from Adam Carolla about things rich people and poor people have in common:
Here are some of my favorites:
You have an outdoor shower. Wealthy people have them by the pool or cabana. Poor people use a garden hose in the yard.
You know the going price of copper. You either trade it on the exchange or pull it out of abandoned streetlights....
Today’s Talk Your Book is brought to you by Nasdaq Dorsey Wright:
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On today’s show, we discuss:
Why momentum works as a behavioral factor even though it seems too simple
Why selling discipline is harder than buying in a momentum strategy
The interaction between momentum and value
The history of Dorsey Wr...
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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Today’s Animal Spirits is brought to you by YCharts:
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On today’s show, we discuss:
A Bull Market in Nostalgia
His Wedding Guests Were Arriving–Just as...
