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A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
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Some Things I’ve Been Wrong About

2026-02-07 05:30:45

Jim Simons created perhaps the greatest market-beating machine ever constructed at Renaissance Technologies. The Medallion Fund returned a preposterous 66% per year for 30 years. The fund traded a lot and I’m still not quite sure what signals the code-breakers and rocket scientists used. But in Greg Zuckerman’s book The Man Who Solved the Market, one of the partners at the firm said they were only right abou...

Investing a Lump Sum of Cash in This Market

2026-02-06 01:46:25

Bill Sweet joined me on the show again this week to answer questions about healthcare options in early retirement, in-plan Roth conversions, the secret sauce of retirement planning and how the new Trump savings accounts work. Further Reading: The Psychology of Sitting in Cash 1If you contribute 10% of your salary as the employer you would have to also do a 10% contribution for your employee based on their salary. 2I have...

Animal Spirits: Gold’s 1987 Moment

2026-02-04 20:15:55

Today’s Animal Spirits is brought to you by Nuveen and ClearBridge Investments:   This episode is sponsored by Nuveen. Invest like the future is watching. Visit https://www.nuveen.com/future to learn more.   Today’s show is sponsored by ClearBridge Investments. International and emerging market stocks outperformed the U.S. in 2025. At ClearBridge, we believe this momentum can continue. Find out more...

Why I’m Not Worried About a Weaker Dollar

2026-02-04 01:51:37

The dollar continues falling, now down around 11% from January 2025 levels: This is a big move by currency standards, especially the global reserve currency. When you see a move this big in something as important as the dollar people get nervous. Just look at the headlines: Until they crashed last week, we also saw the price of gold and silver going parabolic. The concern here is that all of our government spending, hig...

Talk Your Book: Investing in a Concentrated Stock Market

2026-02-02 20:15:13

Today’s Talk Your Book is brought to you by State Street Investment Management: Click here to learn more about State Street Investment Management The income squeeze: How market concentration is reshaping equity returns Why a small-cap break out is bullish for the broader economy The tailwinds that have lead to a healthy market environment How flows have started to shift toward broader regional diversification an...

Social Security FAQ

2026-02-01 22:45:21

Social Security is the most important retirement plan ever created in the United States. Around 70 million Americans receive Social Security benefits. That number will surely rise in the years ahead as more baby boomers retire. For people who are 65 or older, more than 40% of recipients receive 50% or more of their income from Social Security. Millions of retirees would be impoverished without Social Security benefits: H...