New Animal Spirits: What it takes to be wealthy

Michael and Ben’s new episode of Animal Spirits is out today, and it’s awesome as usual. If this isn’t part of your weekly routine yet, I don’t even know what to tell you at this point. No one is covering more interesting topics and blowing up like this podcast is.

This week’s topics:

• Are Jack Bogle and Vanguard actually underrated?
• Why closet indexing will never die.
• Why money is flowing out of growth funds even though they’ve outperformed.
• How much should 35 year-olds have saved for retirement?
• How different demographics define the term “wealthy.”
• Why “thinking outside the box” is not an investment strategy.
• Hedge fund manager David Einhorn’s performance struggles.
• When portfolio managers don’t see mean reversion.
• Why financial fraud will always be an issue.
• 2008 market outlooks.
• Chart crimes.
• What impact will rising mortgage rates have on the real estate market?
• Nicolas Cage movies, correlation & causation and much more.

Listen below and be sure to subscribe. Also, a reminder that Mike and Ben will be recording their first live podcast on stage at next month’s EBI West in California. Info here.