Animal Spirits Episode 28: Tesla Hathaway

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

  • Community-adjusted EBITDA.
  • Elon Musk trolling Warren Buffett & Charlie Munger.
  • Berkshire Hathaway underperforming the S&P 500 over the past 10 years.
  • Why David Swensen thinks Buffett is wrong about college endowments.
  • Why don’t more college endowments invest in index funds?
  • Why owning a home is a poor investment option.
  • And are homes even an investment to begin with?
  • The cost of waiting when saving for retirement.
  • Argentina’s 40% short-term interest rates.
  • What the next bear market means for actively managed mutual funds.
  • How much would you need to be paid to give up Google for a year?
  • Why Africa could be a wonderful investment opportunity in the coming decades.
  • Should young people care about stock market valuations?
  • Are there any good re-watchable movies these days and much more.

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