A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
There are certain financial scripts ingrained in our culture when it comes to real estate.
A house is your biggest investment.
Renting is throwing away your money to pay someone else’s mortgage.
Housing prices always go up.
When you retire it’s time to downsize and move to the beach or golf course.
Rules of thumb are meant to be broken.
Here’s a recent story from The Wall Street Journal:
These are some ...
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On today’s show, we discuss:
What the post-GFC distressed era taught us about today’s market
Why abundant private capital has helped businesses stave off distress
Why recent redemptions reflect a flows event, not a credit event
How to properly educate investors on privat...
Four big questions about the economy I’ve been pondering:
Why don’t we have recessions anymore? The National Bureau of Economic Research has historical data on U.S. expansions and contractions going back to the 1850s:
Is 19th century data as reliable as today’s? Probably not but it’s obvious that recessions are fewer and far between than they used to be.1
It feels strange that we’ve had jus...
Let’s say you have two rich people — Dan and Dave.
They’re both in their mid-50s, work in tech, and enjoy roughly the same annual salary and bonus. Each makes a very good living.
Dan drives an older model vehicle. He lives in a house that’s nice, but wouldn’t be described as a mansion. Dan isn’t much for material possessions so he doesn’t spend extravagantly on clothes or vacation...
A reader asks:
I have a question about reconciling two very famous market parables. Ben, your story of “Bob, the World’s Worst Market Timer” perfectly illustrates the power of compounding and the importance of never selling, even if your entry points are disastrously bad. On the other hand, we frequently hear the statistic–often championed by Tom Lee–that if you miss the 10 best days in the m...
