Investing during wartime poses unique challenges and uncertainties. The discussion dives into the unpredictable nature of markets during geopolitical tensions, particularly in the wake of events like the Ukraine conflict. Meanwhile, fluctuations in interest rates and investment landscapes reveal the complex realities faced by businesses and workers alike. The podcast also navigates the rise of cryptocurrency amidst these crises, highlighting how global events shape digital asset adoption and strategies. Humorously, there's a nod to the quirks of inflation in everyday life.
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insights INSIGHT
Boring Stocks Holding Up Market
Boring stocks like Berkshire Hathaway, UnitedHealth, and Procter & Gamble are holding up the market.
These stocks are performing well despite the current market downturn.
insights INSIGHT
Information Overload and Luck
Real-time information overload from social media makes processing global events emotionally challenging.
The war in Ukraine highlights the significant role of luck in life's circumstances.
insights INSIGHT
The Folly of Geopolitical Predictions
Predicting geopolitical events is nearly impossible, as demonstrated by a Pentagon memo from 2001.
The memo highlighted the difficulty of forecasting geopolitical events, even just a few months out.
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Kennedy, Khrushchev, and Castro on the Brink of Nuclear War
Michael Dobbs
One Minute to Midnight provides a detailed, hour-by-hour chronicle of the Cuban Missile Crisis, highlighting the close calls and miscalculations that nearly led to nuclear war. Dobbs offers new insights into the crisis, including Soviet plans to destroy the U.S. naval base at Guantanamo and the accidental overflight of the Soviet Union by an American spy plane.
Capital Ideas Evolving
Capital Ideas Evolving
Peter L. Bernstein
Peter Bernstein's "Capital Ideas Evolving" is a comprehensive exploration of the history and evolution of investment theory. The book delves into the key concepts and principles that have shaped modern finance, examining the contributions of influential thinkers and practitioners. Bernstein traces the development of portfolio theory, risk management, and market efficiency, highlighting the interplay between theoretical advancements and practical applications. The book also explores the limitations of traditional models and the challenges posed by unpredictable market events. It serves as a valuable resource for investors seeking a deeper understanding of the intellectual foundations of finance.
Why don't we learn from history?
B. H. Liddell Hart
War, Wealth, and Wisdom
Barton Biggs
Tribe
On Homecoming and Belonging
Sebastian Junger
In 'Tribe: On Homecoming and Belonging', Sebastian Junger delves into the human desire for community and belonging. Drawing from history, psychology, and anthropology, Junger examines why many individuals, including combat veterans, often feel a stronger sense of belonging in tribal or wartime environments than in modern society. He argues that the lack of community in affluent societies can lead to feelings of isolation and depression, while disasters and wars can paradoxically bring people together and foster a sense of unity. The book challenges the notion that modern society is superior to tribal societies, highlighting the benefits of egalitarianism and community found in the latter. Junger also discusses how the absence of these communal bonds can affect veterans returning from war and suggests that societal changes could help reintegrate them and improve overall societal well-being.
On today's show we discuss investing during a war, the biggest questions we have right now, why it's impossible to predict the future, the rising potential for a financial crisis, how to win during a market correction and more.
Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.