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 Talk Your Book is brought to you by Nasdaq:
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On today’s show, we discuss:
Why the focus on free cash flow
How the index is constructed
Using momentum with free cash flow screens
How momentum works on the way down
Valuations within growth stocks
How advisors are using this strategy
The benefits of the ETF wrapper
...
There were 22 trading days in March of 2020.
Just one day out of those 22 saw a move of less than plus or minus 1%.
Every other day saw a large move including 8 days of down 3% or worse and 8 days of up 3% or better. These were the daily returns during that fateful month:
It felt like a year’s worth of volatility in a single month.1 It was one of the most volatile months in stock market history, right up there with...
U.S. households are in debt to the tune of nearly $20 trillion.
That’s a lot of liabilities.
The majority of that debt resides in mortgages (68%) while the remaining balance is mostly student loans (8%) and auto loans (8%). That sure seems like a lot of money but that figure is meaningless without some context.
Total household assets as of year-end 2024 were close to $180 trillion. The assets dwarf the liabilities:
...
A reader asks:
I was reading your post “3% Market Returns For The Next Decade” and it got me thinking about something you wrote about a few years ago — the John Bogle Expected Return Formula. I don’t remember how you were able to get the numbers to calculate the formula, but I’d love to see an update about what the formula says today.
I came across the Bogle Expected Returns Formula in his bo...
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On today’s show, we discuss:
Are Pala...
I was talking with a friend a few months ago about money. Let’s call him Daryl.
Daryl and I were waxing philosophically about careers, incomes and the never-ending comparison battle that exists among friends and peers. He admitted to me that it wears on him constantly seeing other people’s big houses, big incomes, big vacations and big lives on display all the time.
Because of curated lives on social media, it...
