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Articles Multi-trillion dollar asset managers are an easy scapegoat to pin blame on (By Coby Lefkowitz) All we have to work with at any given moment in time is what’s in front of us (By Dave Nadig) The meme battalion becomes a meme brigade (By Drew Dickson) History is the only evidence we have to test our ideas about how the world works. (By Mathew Klein) A corporation that operates against my best interests has me thin...

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$431,000,000,000,000 That’s the total global net worth, according to Boston Consulting Group. As we know, a small percentage of the population controls a large portion of this pie. For example, 60,000 people have $100 million or more. They represent 0.0008% of the global population but control 15% of investable assets. Cap Gemini’s most recent World Wealth Report looks within the millionaire cohort to see wha...

The post There’s A Lot of Wealth appeared first on The Irrelevant Investor.

I love reading pieces that challenge your beliefs or the prevailing narrative. Something landed in my inbox recently that did both of those things. Much has been made over the Blackstones of the world and the impact that they’re having on the housing market. Home prices, as you’ve probably noticed, are on fire. In Are Private Equity Firms to Blame for Rising Home Prices? Coby Lefkowitz gave some background on...

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Today’s Animal Spirits is brought to you by YCharts Mention Animal Spirits to receive 20% off when you initially sign up for the service. On today’s show we discuss: How long do bear markets last? Robinhood’s S1 is really something else Robinhood has 18 million accounts A lesson in meme finance The pandemic forced a lot of people into an early retirement $35 Trillion Giveaway 9 Million Americans didn&#82...

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Only ten players in the NBA are on the top 10 list. The Portland Trail Blazers have one of these guys, and his name is Damian Lillard. The NBA is a superstar league. You can’t win a championship without one. So if there is an opportunity to get one of these players, you do whatever you gotta do to get one. The Knicks have emerged as one of the possible destinations. Okay fine. People on the internet are just making ...

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Today’s Animal Spirits is brought to you by Groundfloor. On today’s show we discuss: How Groundfloor makes loans for residential real estate projects The opportunity for investors The downside to a strategy like this, and much more Listen here Investor resources: Company information Investor FAQ Lending guidelines Follow us on Facebook, Instagram, and YouTube. Check out our t-shirts, stickers, coffee ...

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Articles Nature cannot be fooled (By Bob Seawright) Having spent years helping clients make this same decision I now face, it would be wrong not to take the advice I have always given them (By Carolyn Gowen) We are not sold that Treasurys have lost their usefulness (By Greg Obenshain) I love getting to tell startups’ stories when they’re still early and undiscovered, and their success isn’t guaranteed (By Packy McCo...

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The first time I heard the term “V-bottom” was in 2013. A V-bottom is when stocks go straight down and come straight back up as if the fall was just a figment of our imagination. The idea that stocks could do this cemented itself in the fall of 2014, during the ebola virus scare. The S&P 500 fell 7.5% in 19 sessions. It took just 11 days to erase those losses. Stocks have always been volatile. There were ...

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Here’s a little thought exercise. If a person makes $200,000 a year, do they have more in common with the person making $50,000 or the person making $2,000,000? 2,000,000 is ten times more than 200,000, and 200,000 is only four times more than 50,000. So there’s your answer, right? Wrong. Even though the dollar amounts might be closer, the lifestyle is not. A person making $200,000 has way more in common with ...

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Today’s Animal Spirits is brought to you by Acre Trader, Investing in Farmland. Simplified. Visit acretrader.com to learn more On today’s show we discuss: Marc Andreesen is smart a16z is launching a $2 billion crypto fund Tital insurance is a scam The free money in Bitcoin is disappearing “Risk free” 18% Jeremy Grantham is bearish Robinhood IPO delayed Home prices still climbing Blackstone is buying h...

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