Animal Spirits Podcast cover image

Animal Spirits Podcast

$525k to be Happy (EP.336)

Nov 29, 2023
Why people keep spending so much money, long droughts between new highs in the stock market, the best upside AI hedge, intelligence vs. pessimism, denominator blindness with inflation, most Americans are better off, why people are unhappy at work, when it will be a good time to buy a house again, and much more!
01:01:45

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast discusses the reasons behind people's continued spending and the impact of long droughts between new highs in the stock market.
  • The episode explores the importance of considering inflation when analyzing wages and the media's role in creating a skewed perception of rising prices.

Deep dives

The value of a company is not accurately measured by traditional free cash flow metrics.

Many companies believe that traditional free cash flow measures fall short and propose an improved approach for valuing free cash flow, such as considering forward estimates and incorporating a growth filter.

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