Animal Spirits Podcast

Netflix vs. Paramount (EP. 442)

41 snips
Dec 10, 2025
Dive into the clash between Netflix and Paramount as they vie for Warner Bros., reshaping the streaming landscape. Explore fascinating insights on the Nasdaq 100's volatility and the rise of 401(k) millionaires amid a cooling labor market. Discover why housing price cuts are escalating and the surprising data on consumer spending. The hosts also tackle the dilemma of material wealth versus happiness, alongside intriguing predictions about media consolidation and the future of creativity shaped by nostalgia.
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INSIGHT

Concentration Of Returns In Tech

  • Tech and communication services drove nearly 80% of S&P 500 returns in the 2020s so far. This concentration means a handful of winners can dominate decade-long returns.
INSIGHT

NASDAQ's Wild Ups And Downs

  • Since 1995 the NASDAQ 100 compounded ~15% annually despite huge drawdowns. Every negative calendar year for the index was a >=30% drop, highlighting extreme volatility and outsized recoveries.
INSIGHT

OpenAI As The Bubble's Epicenter

  • OpenAI's projected cash burn dwarfs historical tech ramps and would require massive external funding. If such losses can't be funded, the AI bubble's epicenter could implode investor belief across the sector.
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