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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: America is running out of everything Builders hunt for alternatives Shipping costs have finally slumped New Grand Wagoneer Daycare Gen X’s wealth has gone up 50% PSERS is dumping hedge funds 24/7 stock market trading BofA is humping its minimu...

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Nobody wants cash flow when money costs nothing. This is playing out right now in consumer staples stocks, which, according to Sentimentrader, have shrunk below 6% of the S&P 500 for only the 2nd time in 30 years. I’ll give you one guess as to when that other time was. Yep, you nailed it. There are 26 detergent and toilet paper stocks with a market cap north of $10 billion that have a higher yield than the 10-ye...

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Today’s Animal Spirits is brought to you by Cadre. On today’s show we discuss: Investing in institutional quality real estate How Cadre leverages technology to sort investment opportunities Multifamily real estate, and much more Listen here: Transcript here Transcript via AudioGraph Links Driving diversity through democratization Cadre – Company Fact Sheet Cadre direct access fund fact sheet Charts ...

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A listener asked something that’s on a lot of investors’ minds? Should I be taking way more risk? I’m 34 y/o and a couple of years ago a friend of mine took enormous financial risk, betting his life savings on obscure crypto coins (Elrond and Fantom). The bet paid off and he has managed to turn $30k into $6 million. Can you please help me make sense of this? I have always considered myself to be financia...

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Articles Zillow is actually losing money on their iBuyer segment. To date, they’ve lost 667 million dollars. (By Coby Lefkowitz) We already know when we’re out of breath. We don’t always need a device or an app to tell us. (By Phil Pearlman) We have a relatively sanguine view on the likelihood of inflation becoming ingrained in the system (much as it pains us to agree with the Fed) (By James Montier) It’s a clou...

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It’s fun seeing your friends. This week we had JC Parets and Tyrone Ross come by to talk about starting their businesses, bitcoin, and charts. So many charts. I love arguing with JC but one thing I will never do is question his love for the game. He’s passionate about what he does and it’s obvious. You hear it in his voice. But listening to the show, you can’t see his charts. So if you wanted to fo...

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Today’s Animal Spirits is brought to you Masterworks. For more information go to Masterworks.io/Animal to learn more On today’s show we discuss: Will supply shortages ruin the holidays? Investors are spoiled  Endowment returns Start-ups Does inflation mean progress? “What does price mean when there’s no supply?” Zillow isn’t buying all of the homes on your block iBuyers Homes are becoming ...

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The price of Bitcoin has rise for it to go any higher. I’m kidding and serious at the same time. Bitcoin isn’t tethered to fundamentals like say a privately held business or a publicly traded company. If a company generate $2 in cash flow per year, there is a limit to how high a potential buyer will go. Bitcoin isn’t burneded by any such data and paradoxically, the higher it goes, the less risky it becom...

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Today’s Animal Spirits is brought to you by NaviPlan by InvestCloud On today’s show Ben and I answer listener questions on: How much cash should you keep on hand? When to refinance Do commodities have a place in your portfolio? How to get a job at an RIA, and much more Listen here: Links: Why do we need inflation? Three fund portfolio How to become a financial advisor XYPlanning Network Charts Contact us at ...

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Articles Technological progress is calling institutions into question (By Packy McCormick) If the past year and a half has taught us anything, it’s that white-collar workers can do hard work from home just about as well as they can do it in the office (By Derek Thompson) What is the future of a country in which minor offenses by “everyman” individuals are prosecuted, and major offenses committed by powerful figurehe...

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Today’s Animal Spirits is brought to you by BlockFi On today’s show we discuss: Crypto regulation and how BlockFi is dealing with it How the futures curve impacts BlockFi’s ability to pay interest Who has been buying Bitcoin? And much more Listen here: Links BlockFi interest rates Kentucky tells BlockFi to stop opening newinterest accounts Bitcoin’s money-printing machine Charts: Contact us at anim...

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Articles The range of uncertainty in our analysis is vast. (By Dave Nadig) When everything is digital, proving that you own something and being able to bring it with you across the internet will be key (By Packy McCormick) Three times history hung by a thread (By Morgan Housel) Offering futures for altcoins within the first few months of operating is not the kind of move a more cautious exchange like Coinbase would make (...

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Today’s Animal Spirits is brought to you Masterworks. Go to Masterworks.io/Animal to learn more On today’s show we discuss: Ethan Allen & Ethereum AMC accepting Bitcoin “Everyone” is an angel investor Real rates are low The motion picture industry is hiring Why is Zillow down 50%? Zillow Quarterly Report Listen here: Recommendations: Pig Project Hail Mary Recursion by Blake Crouch Suicide Squad E...

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Interest rates are the lifeblood of a country’s economy. Everything is priced off of them, in one way or another. When the bond market talks, people listen, and right now it’s saying that inflation is coming in hot. The difference between nominal and real interest rates right now, or “breakevens,” are at the second-highest levels of the 21st century. The bond market is pricing in 2.5% inflation ove...

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Today’s Animal Spirits Talk Your Book is brought to you by New York Life Investments Listen here On today’s show we talk about:  The investment case for companies that improve your health How wearable technology is changing the way we live How New York Life partnered with the American Heart Association, and much more Links How heart health can keep your portfolio beating Investing in HART Fact sheet Charts Con...

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In hindsight, it should have been obvious that Robinhood, maker of meme stocks, would have turned into a meme stock. On the first day of trading, Robinhood fell 8.4%, the worst debut of 51 companies that raised as much cash as they did. Investor enthusiasm just wasn’t there on its opening day. According to data from Vanda Track On the first day of listing, HOOD was only the 28th most traded stock on retail platform ...

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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: Crony Capitalism Clayton fights for Bitcoin ETF The best way to get a raise Might be time to change how we think about debt Don’t obsess over money Boz Angeles How much money to feel financial secure? Disney Vax Wal-Mart too Corporations setti...

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“It’s hard to hold onto stocks for a long period of time.” Carl Kawaja said this in an excellent conversation with Patrick O’Shaughnessy. This made me decide to revisit a post I did a few years back, Looking For the Next Amazon. Amazon is one of the best-performing stocks ever, but it hasn’t been the easiest stock to hold over the last year. It’s up 6%, while the Nasdaq-100 is up almost...

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Today’s Animal Spirits Talk Your Book is brought to you by Vinovest Listen here On today’s show we talk about:  The investment case for wine How bottles are chosen Drinking your investment, and much more Links About Vinovest Q1_Report Vinovest 100 index Charts Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions. Follow us on Facebook, Instagram, and YouTube. Check out o...

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Articles Over 85,000 self-help books were published in 2019. (By Bob Seawright) DeFi and stablecoins are now far too big and prominent for regulators to meet only with benign neglect (By Steve Randy Waldman) Despite making up only 3% of RH’s assets under custody, options drive 46% of total revenue (By Scott Galloway) Some of the things I’ve come to learn have never been taught in any textbook (By Josh Brown) There are...

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