Animal Spirits Podcast

Most Stocks Suck (EP.414)

38 snips
May 28, 2025
The discussion kicks off with rising bond yields and the implications of government debt. The hosts delve into the strange dynamics of wealth in today's economy, contemplating why starter homes have disappeared. A humorous take on $97 salads leads to reflections on bear markets and the emotional toll on investors. The conversation also touches on retirement strategies and the allure of AI in modern investing, all wrapped in entertaining anecdotes about personal experiences and societal trends.
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INSIGHT

Bond Yields Normalizing

  • Rising long-term bond yields may be normalizing after an era of very low rates.
  • This normalization reflects updated expectations for growth, inflation, and government spending.
ANECDOTE

Stock Market Recovery Anecdote

  • Bill Jensen's retirement savings dropped sharply but rebounded within weeks.
  • His wife urged safer investments, but they stayed invested, and their portfolio recovered.
INSIGHT

Bear Markets Inevitable Over Time

  • The chance of a bear market increases with holding period; it's nearly certain over 15 years.
  • Despite setbacks, long-term stock investing remains a sound strategy.
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