Animal Spirits Episode 18: The Closet Indexer

On this week’s Animal Spirits with Michael & Ben we discuss:

  • Our takeaways from the latest Warren Buffett annual shareholder letter.
  • What happens to the Berkshire Hathaway share price when Buffett is no longer steering the ship?
  • When stocks and bonds both fall at the same time.
  • The coming baby boomer retirement crisis.
  • What to do if you haven’t saved anything for retirement yet.
  • Why millennials should think about retirement differently than their parents.
  • The Uhaul shortage in the Bay Area.
  • My Adam Sandler theory on comedy and Silicon Valley.
  • The best year ever in the Dow took place during the worst long-term returns.
  • How financial reporting is often like the show Cops and much more.

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