A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
Today’s Animal Spirits is brought to you by Betterment Advisor Solutions and Vanguard:
This episode is sponsored by Betterment Advisor Solutions. Grow your RIA, your way by visiting: https://Betterment.com/advisors
This episode is sponsored by Vanguard. Learn more at: https://www.vanguard.com/audio
On today’s show, we discuss:
This Is How The AI Bubble Will Pop
Can the Stock Market Predict the Future?
Riget...
America is the richest nation the world has ever seen and we just keep getting richer.
Midway through 2025, the Federal Reserve pegs total household wealth at just shy of $170 trillion:
When it comes to wealth, the United States is the envy of the world.
There was a story in The Telegraph recently that sought to understand why American households are so much richer than people in Great Britain. Some stats from the articl...
Today’s Talk Your Book is brought to you by PIMCO:
See here to learn more information on PIMCO, PYLD, and PFLEX
On today’s show, we discuss:
PIMCO’s house view on fixed income markets
How to think about the 60/40 portfolio
Navigating tight credit spreads in corporates
The impact of private credit on declining default rates and returns
Active management in PYLD
How mortgage rates could come down
DebtR...
They say the stock market is forward-looking.
They also say the stock market has predicted 9 of the last 5 recessions.
So which one is it?
Is the stock market all-knowing?
Or is it just as bad as any of us when it comes to seeing around the corner with what’s coming next?
It’s a little bit of both.
Chart Kid Matt has this great chart on his new blog that shows the stock market tends to bottom before earnings i...
Some random rules of thumb for living a good life:
Don’t brag about your children’s accomplishments. No one cares. Your friends may not want to hear about how smart or athletic your kid is because parents can be super competitive. You’ll just make them feel bad about their own kids.
The only people you can brag to about your children are their grandparents or your spouse. That’s it.
(Am I guilty o...
A reader asks:
You said you think AI is some sort of bubble. Bubbles eventually pop. What can investors do if they agree with you and want to prepare for that pop? Or is there nothing you can do but ride the wave? Even if a bubble is obvious, what do you do about it?
Jeremy Grantham from GMO is an expert on financial bubbles.
Here’s something he wrote about the current cycle:
The long, long bull market since 2009 ha...
