Five Financial Lessons From Middlemarch – Money For the Rest of Us – Podcast

Afleveringen

Is the Rest of the World Selling America?
23 apr· Money For the Rest of Us
The U.S has traditionally been a safe haven for investing, but that hasn't been the case in 2025. We explore three economic and narrative regimes and consider why we may be witnessing a shift after 12 years of U.S. outperformance.
Topics covered include:
What was the narrative and economic and financial performance from 1995-2001, 2002-2012, and 2012 -2024.How the performance of the U.S. dollar impacted returnsWhy did economic forecasters predict the U.S. national debt would be paid off in 2011, and why were they wrong?Signs that the current economic and financial narrative is shifting.
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Show Notes
Testimony of Chairman Alan Greenspan Outlook for the federal budget and implications for fiscal policy Before the Committee on the Budget, U.S. Senate January 25, 2001—The Federal Reserve Board
Federal Surplus or Deficit [-] as Percent of Gross Domestic Product—FRED Economic Data
Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers—FRED Economic Data
Narrative Economics: How Stories Go Viral and Drive Major Economic Events by Robert J. Shiller—Princeton University Press
Donald Trump vs Mr Market by Tim Harford—The Financial Times
Tourism boycott? Europe travel to US drops in wake of Trump presidency by Talyta França & Alessio Dell'Anna, Mert Can Yilmaz—euronews
Trump’s Trade Offensive Threatens America’s Financial Primacy by Nick Timiraos, Jack Pitcher, and Chelsey Dulaney—The Wall Street Journal
Related Episodes
519: Is This the End of Globalization and Free Trade?
380: How Stories Drive Our Happiness and Financial Success
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Where Are We Heading?
16 apr· Money For the Rest of Us
In this episode, we explore what it means to invest in a non-ergodic world—where time, not averages, determines outcomes. We unpack concepts like volatility drag, ensemble vs. time averages, and the implications for portfolio strategy, while also reflecting on how AI and zero-click search are reshaping business and investor behavior.
Topics covered include:
What is ergodicity and why it mattersHow path dependency and emerging phenomena disrupt the long-termHow podcasting and blogging has changedWhat is the future of Money for the Rest of Us
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Show Notes
Wayback Machine: jdstein.com
Probabilities and Payoffs: The Practicalities and Psychology of Expected Value by Michael J. Mauboussin and Dan Callahan, CFA—Morgan Stanley
The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb—Penguin Random House
The 60% Problem — How AI Search Is Draining Your Traffic by Tor Constantino, MBA—Forbes
Hollywood Is Cranking Out Original Movies. Audiences Aren’t Showing Up. by Ben Fritz—The Wall Street Journal
How Late Night TV Is Downsizing by Alex Weprin and Rick Porter—The Hollywood Reporter
‘Severance’ Surpasses ‘Ted Lasso’ To Become Apple TV+’s Most Watched Series With Season 2 Launch by Nellie Andreeva—Deadline
List of most watched television broadcasts in the United States—Wikipedia
Tao te Ching by Lao Tzu (Author), Marc Mullinax (Translator)—fortress press
Why AI Might Not Take All Our Jobs—If We Act Quickly by Justin Lahart—The Wall Street Journal
Elon Musk and the Dangerous Myth of Omnigenius by Gautam Mukunda—Bloomberg
Related Episodes
492: The Power of Optionality: Small Bets, Big Payoffs
484: 7 Steps to Living a Longer Life
482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity
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Is This the End of Globalization and Free Trade?
9 apr· Money For the Rest of Us
What will the impact be now that the U.S. has one of the highest tariff rates in the world?
Topics covered include:
Why the Trump administration raised tariffsHow the last round of U.S. tariffs led to higher prices and lower economic growthFour ways the world remains close to record connectivityWho have been the winners and losers from global tradeWhat will be the impact of this trade war
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Show Notes
The economic consequences of Mr Trump – looking for clarity in the tariffs chaos by Neil Shearing—Capital Economics
Tariff rate, most favored nation, simple mean, all products (%)—World Bank Group
Donald Trump’s tariffs will fix a broken system by Peter Navarro—The Financial Times
DHL Global Connectedness Tracker—DHL
Objective Knowledge: An Evolutionary Approach by Karl R. Popper—Oxford University Press
GDP per capita (constant 2015 US$)—World Bank Group
JOSEPH E. STIGLITZ, GLOBALIZATION AND ITS DISCONTENTS REVISITED: ANTI-GLOBALIZATION IN THE ERA OF TRUMP, NEW YORK: W.W. NORTON & COMPANY, 2018 by Lino Sau—Annals of the Fondazione Luigi Einaudi
FIFTY YEARS OF GROWTH IN AMERICAN CONSUMPTION, INCOME, AND
WAGES by Bruce Sacerdote—National Bureau of Economic Research
Real Median Household Income in the United States—FRED
Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over—FRED
Consumer Price Index for All Urban Consumers: Food in U.S. City Average/Median Household Income in the United States—FRED
Trump’s Love for Tariffs Began in Japan’s ’80s Boom By Jim Tankersley and Mark Landler—The New York Times
Related Episodes
515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants
516: What Trump Wants Part 2 – How Trade Deficits and Capital Flows Can Harm or Help Countries
427: Did the Tariffs Work? The Trade War Five Years Later
212: Trade Wars Increase Prices and Poverty
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Is It Too Late to Invest in Gold? with Max Belmont - FEG Insight Bridge
2 apr· Money For the Rest of Us
Greg Dowling of FEG interviews Max Belmont, a gold specialist and portfolio manager at First Eagle Investments. Greg and Max discuss the historical, philosophical, and practical reasons for owning gold.
Topics covered include:
Where does gold’s reputation as a safe haven come from, and why it trades differently than other commodities.How gold differs from other asset classes including Bitcoin, which is sometimes referred to as digital gold.How we should think about gold when including it in our investment portfolios.
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Show Notes
The Golden Age with Max Belmont - FEG Insight Bridge episode page
Related Episodes
431: The Long-term Bullish Case for Gold
316: Paper, Rocks, or Digits—What Makes the Best Money
263: Should You Invest In Gold?
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Should You Investment 100% of Your Retirement in Closed-End Funds?
26 mrt· Money For the Rest of Us
We compare three approaches to closed-end fund investing: Opportunistic trading, the buy and hold income factory, and a systematic approach of selling closed-end funds after 5% gains.
We also explore the pros and cons of closed-end funds relative to open-end mutual funds and ETFs.
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Show Notes
The Closed-End Fund Market, 2023—Investment Company Institute
The Income Factory: An Investor’s Guide to Consistent Lifetime Returns by Steven Bavaria—McGraw-Hill Companies
Retirement Money Secrets: A Financial Insider's Guide to Income Independence by Steve Selengut—RIC LLC
How to Invest in Closed-End Funds—Money for the Rest of Us
Investing in Closed-End Funds Course—Money for the Rest of Us
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What Trump Wants Part 2 - How Trade Deficits and Capital Flows Can Harm or Help Countries
19 mrt· Money For the Rest of Us
How trade deficits are making the U.S. poorer, while in the past they have made the U.S. wealthier.
Topics covered include:
Two ways countries can increase their competitivenessHow savings always equals investmentWhy excess savings flows to the U.S. leading to a drop in U.S. domestic savingsWhy the U.S. current trade situation could lead to a debt crisis
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Show Notes
Why U.S. Debt Must Continue to Rise by Michael Pettis—Carnegie Endowment
Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments
A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital
Is Peter Navarro Wrong on Trade? by Michael Pettis—Carnegie Endowment
Related Episodes
515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants
470: How the Economy Really Works: Savings, Investing, Consuming and Market Distortions
144: Trade Deficits Aren’t Always Bad. Trade Wars Are.
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Tariffs and the Mar-a-Lago Accord: What Trump Really Wants
12 mrt· Money For the Rest of Us
How the Trump administration is using tariffs as a negotiating tool to weaken the U.S. dollar and increase the global competitiveness of U.S. manufacturers.
Topics covered include:
Why U.S. stocks are falling, and recession risk is increasingHow the U.S. dollar as the reserve currency is becoming a burden on the U.S.How the Trump administration aims to reduce its trade deficit and make it less attractive for foreign governments to own U.S. assetsWhat are the risks of trying to weaken the U.S. dollar
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Show Notes
Stock Market News, March 10, 2025: Nasdaq Falls 4% After Trump Doesn't Rule Out Recession by Caitlin McCabe and Krystal Hur—The Wall Street Journal
Trump Says US Economy Faces ‘Transition,’ Avoids Recession Call by María Paula Mijares Torres—Bloomberg
Is the U.S. Heading for a Recession? Here’s What the Experts Say by Caitlin McCabe—The Wall Street Journal
Mark Carney Wins Canada Liberal Contest, Will Succeed Trudeau in Days by Brian Platt and Laura Dhillon Kane—Bloomberg
Entering the Fall 2024 | Alarming Signs? - Fireside Chat with Scott Bessent by Simplify Asset Management—YouTube
A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital
Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments
Wonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York Times
On the Persistence of the China Shock by David Autor, David Dorn, and Gordon H. Hanson—NBER
Manufacturing, value added (% of GDP)—World Bank Data Group | Prosperity Data360
Council of Economic Advisors Chair Nominee Stephen Miran’s Critique of the Global Monetary System—Part I by Steven B. Kamin—AEI
Using Stock Returns to Assess the Aggregate Effect of the U.S.‑China Trade War by Mary Amiti, Matthieu Gomez, Sang Hoon Kong, and David E. Weinstein—Federal Reserve Bank of New York
Two cheers for Germany’s fiscal reform by Neil Shearing—Capital Economics
Related Episodes
404: Why Is the U.S. Dollar So Strong? Will It Continue?
322: Why Currency Exchange Rates Matter
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Why Japanese Stocks Could Outperform with Howard Smith - FEG Insight Bridge
5 mrt· Money For the Rest of Us
This week on episode 514, we share a conversation between Howard Smith of Indus Capital and Greg Dowling of FEG Investment Advisors on why Japan could surprise investors over the next decade with strong investment returns. David introduces the episode by sharing his key takeaways from the discussion.
FEG Investment Advisor is David's former institutional advisory firm, where he worked for 17 years, before founding Money for the Rest of Us. Greg Dowling is Chief Investment Officer of FEG, and David's former business partner and colleague.
Topics covered in the episode include:
The false narrative that Japan is a difficult place to invest with subpar returnsWhy Japan's national debt problem is not as worrisome as the U.S. national debtWhy the Japanese yen is tremendously undervaluedHow Japan's corporate governance has improvedOpportunities in Japanese technology industries
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Show Notes
FEG Episode page
Indus Capital
Berkshire Hathaway 2024 Annual Letter
Related Episodes
468: Lessons from Japan’s 34 Years of Stock Market Underperformance
235: What If Home Prices Always Declined
178: Japan and the Impact of A Shrinking Population
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Crypto: Innovation or Insanity? Meme Coins, Hacks, and Strategic Bitcoin Reserves
26 feb· Money For the Rest of Us
We consider the incongruency of a U.S. Strategic Bitcoin Reserve, the latest crypto exchange hack, and how most participants lost money on the Trump meme coin. Given all that, we review some areas where cryptocurrency is helping individuals and businesses.
Topics Covered
What is the U.S. Strategic Petroleum ReserveWhy it makes little sense for the U.S. and individual states to create and participate in a Strategic Bitcoin ReserveWhat led to the latest and largest cryptocurrency exchange hack in historyHow financial and other data breaches impacted over 1 billion people last year, costing over $15 billionHow quantum computers could disrupt the security of cryptocurrency and traditional financial systemsWhy most speculators lose money on meme coinsWhat are some current ways cryptocurrency is helping individuals and businesses achieve greater financial stability and lower costs
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Show Notes
All Information (Except Text) for S.4912 - BITCOIN Act of 2024—Congress.gov
House Bill No. 4087—Michigan Legislature
2025 South Dakota Legislature House Bill 1202—South Dakota Legislature
State of Arizona Senate SB 1025—Arizona State Legislature
Quantum computers and the Bitcoin blockchain by Itan Barmes, Bram Bosch and Olaf Haalstra—Deloitte
Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party by Olga Kharif, Muyao Shen, and Emily Nicolle—Bloomberg
Cost of a Data Breach Report 2024—IBM
ITRC Annual Data Breach Report—Identity Theft Resource Center
Post by @realDonaldTrump—Truth Social
Trump Meme
Early Investors in Donald Trump’s Memecoin May Have Been Tipped Off, Experts Claim by Joel Khalili—Wired
Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money by Tom Wilson and Michelle Conlin—Reuters
Memecoin scandal rocks Argentina’s Javier Milei by Ciara Nugen—The Financial Times
Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks by Krisztian Sandor—CoinDesk
Related Episodes
488: Should You Invest in an Ethereum ETF?
462: Now Should You Buy a Bitcoin ETF?
410: Is Cryptocurrency Dead?
373: Are Stablecoins Safe? Should You Own Them?
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Unlocking Hidden Returns: How Mortality Credits Boost Retirement Income
19 feb· Money For the Rest of Us
How using a deferred income annuity can increase retirement income compared to an immediate annuity or a bond ladder.
Topics covered include:
How immediate annuities and deferred income annuities workWhat are mortality credits, and why they are a key diversifierExamples of how mortality credits lead to a 1% to 1.5% higher annualized return over several decadesHow to decide whether an annuity is right for you
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Show Notes
Post: No, really. Deferred income annuities (DIAs) are superior to SPIAs in every way by Boglehead User "GoWithTheCashFlow"—Bogleheads
Actuarial Life Table—SSA
TIPSLadder
Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement by Wade D. Pfau—Retirement Researcher
Related Episodes
464: More Ways to Lock in Higher Yields in Case Interest Rates Fall
455: Easier Investing, Richer Life: TIPS Ladders to Annuities
407: Worry-Free Retirement Investing
279: Why All Retirees Should Consider an Income Annuity
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What Are Sovereign Wealth Funds and Does the U.S. Need One?
12 feb· Money For the Rest of Us
The U.S. and the UK each announced they were establishing sovereign wealth funds. We explore the purposes and types of sovereign wealth funds, how they invest, and some concerns with the U.S. establishing one.
Topics covered include:
What are the four types of sovereign wealth funds, and why the U.S. doesn't fit the typical use caseHow sovereign wealth funds navigate between politics and generating high returnsWhy a U.S. sovereign wealth fund, depending on its size, could crowd out other investment capital, leading to lower investment returnsHow the U.S. federal government already invests in its economy without a sovereign wealth fund
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Show Notes
Fact Sheet: President Donald J. Trump Orders Plan for a United States Sovereign Wealth Fund—The White House
A Plan For Establishing A United States Sovereign Wealth Fund—The White House
International Forum of Sovereign Wealth Funds
Sovereign Wealth Funds: Past, Present and Future by Salman Bahooab, Ilan Alonb, and Andrea Paltrinieria—ScienceDirect
Guardians releases 2024 Annual Report—NZ Super Fund
UK Wealth Fund Brings Government And Private Investment Together by Efraim Chalamish—Global Finance
2024 Invesco Global Sovereign Asset Management Study—Invesco
Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets—Sovereign Wealth Fund Institute
The Importance and Perspectives of Sovereign Wealth Funds in the Globalised Economy by Jan Černohorský and Kateřina Tesnerová—SHS Conferences
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Contrarian Investing with GMO's Ben Inker - FEG Insight Bridge
5 feb· Money For the Rest of Us
This week on episode 510, we share a conversation between Ben Inker of GMO and Greg Dowling of FEG Investment Advisors on contrarian investing, deep value stocks, and the rise of passive investing. David introduces the episode by sharing his key takeaways from the discussion.
FEG Investment Advisor is David's former institutional advisory firm, where he worked for 17 years, before founding Money for the Rest of Us. Greg Dowling is Chief Investment Officer of FEG, and David's former business partner and colleague.
Topics discussed in the episode include:
How experienced professionals can have a significant influence on one's career, such as the impact Jeremy Grantham and David Swenson had on Ben's careerThe impact of the rise of passive investingInvestment opportunities in quality and deep-value stocksThe distinct risks of the high concentration in large-cap tech stocks
Show Notes
FEG episode page
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Related Episodes
491: The Five Layers of Investing
419: How to Make Portfolio and Asset Allocation Changes
401: Why Diversifying Your Portfolio Feels Awful
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How to Invest in Private Credit / Direct Lending
29 jan· Money For the Rest of Us
We explore what private credit, or direct lending, is and how to invest in it. We also show how it is similar and different from investing in leverage loans and CLOs.
Topics covered include:
Why more companies are staying privateHow private credit differs from the leverage loan marketWhy private credit is growing so rapidlyWhat are the benefits to private credit investingWhat are liquid and less liquid ways to invest in private credit
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Show Notes
The Credit Markets Go Dark by Jared A. Ellias and Elisabeth de Fontenay—SSRN
The Lost Promise of Private Ordering by Cathy Hwang, Yaron Nili, and Jeremy McClane—SSRN
Investments Mentioned
VanEck BDC Income ETF (BIZD)
Barings Corporate Investors Fund (MCI)
Long Angle
Cliffwater Enhanced Lending Fund
BlackRock Private Credit Fund (BDEBT)
BondBloxx Private Credit CLO ETF (PCMM)
Virtus Seix AAA Private Credit CLO ETF (PCLO)
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Who Should Bear the Cost? Socialized versus Market-Based Risk Management
22 jan· Money For the Rest of Us
Natural disasters are becoming more severe and costly—who should bear the financial burden? We explore the tension between socialized risk and market-based insurance.
Topics covered include:
The surprisingly large percentage of natural disaster losses that are uninsuredWhy natural disaster severity is increasingA deep dive into the complexity of the home insurance market, including state-run home insurance plansHow California has tried to update its home insurance regulations, leading to potentially greater coverage but higher premiumsHow socialized insurance relieves the cost burden to consumers but can also lead to riskier behavior and adverse risk selection
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Show Notes
California wildfires: What we know about L.A.-area fires, what caused them, who is affected and more by Tim Stelloh, Marlene Lenthang, Rebecca Cohen and Phil Helsel—NBC News
Climate change is showing its claws: The world is getting hotter, resulting in severe hurricanes, thunderstorms and floods—Munich RE
Shaping the Future of Wildfire Insurance in California: New Insights from the Most Comprehensive Wildfire Risk Model in the Market by Firas Saleh—Moody's
Insurers’ Rule Change Puts California Homeowners on the Hook for L.A. Fire by Jean Eaglesham and Sara Randazzo—The Wall Street Journal
Commissioner Lara issues landmark regulation to expand insurance access for Californians amid growing climate risks—California Department of Insurance
California Was Already in Home-Insurance Crisis Before Los Angeles Infernos by Jean Eaglesham and Joe Flint—The Wall Street Journal
The World Is Getting Riskier. Americans Don’t Want to Pay for It. by Greg Ip—The Wall Street Journal
Reinsurers little exposed to LA fires after retreat from disaster risks by Lee Harris—The Financial Times
A Survey of Residual Market Plan Assessment and Recoupment Mechanisms by Nancy Watkins, Robert Lee, and Rehan Siddique—Milliman
Related Episodes
481: How to Navigate the Crippling Home Insurance Crisis
444: Natural Disasters: Are They Truly Increasing?
Investments Mentioned
Stone Ridge High Yield Reinsurance Risk Premium fund (SHRMX)
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Where You Live Matters - How Geography Contributes to Wealth
15 jan· Money For the Rest of Us
How geography contributes to economic growth and can increase or lower the cost of living.
Topics covered include:
Why living in a developing country like Costa Rica is still relatively expensiveHow Amazon and e-commerce platforms lower the cost of livingWhy we should consider slowing down our rate of consumptionHow geography is impacting the rollout of AI
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Show Notes
Market Research in Costa Rica: Costa Rica is a strong market in Central America providing many benefits.—SIS International Research & Strategy
World Data Country Comparison: Costa Rica & USA
Why is Gas so Expensive in Costa Rica? by Sarah Jordan—The Tico Times
The Trailblazers: Inter-American Highway 1940 - 1957 by Norman Wood—U.S. Department of Transportation Federal Highway Administration Highway History
United States eCommerce Sales Growth (2018 to Q3 2024) by Jason—SellersCommerce
The Era of Finance CEOs Running Retailers Is Over by Amanda Mull—Bloomberg
AI set to fuel surge in new US gas power plants by Amanda Chu and Jamie Smyth—The Financial Times
What happened to the artificial-intelligence revolution?—The Economist
Liebreich: Generative AI – The Power and the Glory by Michael Liebreich—BloombergNEF
Related Episodes
444: Natural Disasters: Are They Truly Increasing?
413: What if the World Stopped Shopping?
151: Amazon Impacts Everything
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Should You Retire Early and Live Outside Your Home Country? with Joshua Sheets
8 jan· Money For the Rest of Us
In episode 506, Joshua shares the pros and cons of living outside of your home country. He convinces David why he needs more than one passport. Finally, Joshua makes a strong case for not retiring, and if one does, under what circumstances.
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Show Notes
https://www.radicalpersonalfinance.com
Related Episodes
446: Die with Zero: Why You Should Start Spending Now
437: How to Live Like You Are Already Retired
371: Find Your Retirement Investing and Living Style
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Optimization, AI and Opting Out with Coco Krumme
18 dec 2024· Money For the Rest of Us
In our final episode of the year, I converse with author and data scientist Coco Krumme about the benefits and costs of optimization in finance, industry, and our daily lives. We explore AI and its overlap with optimization. We also consider the pros and cons of life optimization and finally discuss the extreme challenge of opting out.
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Show Notes
Optimal Illusions: The False Promise of Optimization by Coco Krumme—Penguin Random House
cocofolio.com
Coco Krumme—LinkedIn
Related Episode
480: Beyond Faster (T+1) Trade Settlement: The Hidden Costs of Optimization
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Indexing Bubble and Asset Class Returns Still Revert to the Mean
11 dec 2024· Money For the Rest of Us
How asset class returns move in cycles with periods of above-average returns followed by periods of lower returns. How has the rise of passive indexing led to higher stock valuations, and what does that mean for markets?
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Show Notes
The Equity Risk Premium: Nine Myths (JPM Series) by Rob Arnott—Research Affiliates
The Greatest Scourge in Factorland: Revaluation Alpha = Fake Alpha (JPM Series) by Rob Arnott—Research Affiliates
PASSIVE INVESTING AND THE RISE OF MEGA-FIRMS by Hao Jiang, Dimitri Vayanos, and Lu Zheng—NBER
Limits to Diversification: Passive Investing and Market Risk by Lily H. Fang, et al.—SSRN
Related Episodes
503: U.S. Stocks Have Never Been This Overhyped or Expensive
500: The S&P 500 Index and the Decade Ahead
468: Lessons from Japan’s 34 Years of Stock Market Underperformance
390: Are BlackRock and Vanguard Too Big and Powerful?
234: Index But Don’t Herd
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U.S. Stocks Have Never Been This Overhyped or Expensive
4 dec 2024· Money For the Rest of Us
What are the tangible and intangible factors that have contributed to long-term U.S. stock market outperformance compared to the rest of the world? Despite these advantages, why might we still want to continue to be globally diversified?
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Show Notes
American productivity still leads the world—The Economist
The Outlook for Long-Term Economic Growth by Charles I. Jones—Federal Reserve Bank of Kansas City
How Much Will Global Warming Cool Global Growth? by Ishan B. Nath, Valerie A. Ramey, and Peter J. Klenow—UC San Diego
Technology and demand drivers of productivity dynamics in developed and emerging market economies by Alistair Dieppe, Neville Francis, and Gene Kindberg-Hanlon—European Central Bank
Capitalism is in worse shape in Europe by Ruchir Sharma—The Financial Times
The Mother of All Bubbles by Ruchir Sharma—The Financial Times
The Curious Incident of the Elevated Profit Margins by James Montier—GMO
Federal Surplus or Deficit [-] as Percent of Gross Domestic Product - FRED
Euro area government deficit at 3.6% and EU at 3.5% of GDP—eurostat
End of an era: The coming long-run slowdown in corporate profit growth and stock returns by Michael Smolyansky—Federal Reserve Board
Should investors just give up on stocks outside America?—The Economist
Related Episodes
500: The S&P 500 Index and the Decade Ahead
499: What Makes an Economy Prosperous? Spotlight on Cuba and Argentina
343: Why the Productivity Slowdown Could Lead to Lower Living Standards
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Should You Invest in Nuclear Energy?
20 nov 2024· Money For the Rest of Us
Why has there been renewed interest in nuclear power generation in the last couple of years, and how can we invest in it?
Topics covered include:
Why did Microsoft sign an agreement to reopen a nuclear reactor at the infamous Three Mile Island nuclear facilityHow much does nuclear energy contribute to global power generationWhy is demand for electricity acceleratingWhat are the advantages and challenges with nuclear energyWhat investment vehicles individuals can use to invest in nuclear energy
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Show Notes
Microsoft in deal for Three Mile Island nuclear power to meet AI demand by Myles McCormick and Jamie Smyth—The Financial Times
Nuclear Power Was Once Shunned at Climate Talks. Now, It’s a Rising Star. by Brad Plumer—The New York Times
Inside Diablo Canyon Nuclear Power Plant | BG2 w/ Bill Gurley & Brad Gerstner—YouTube
Q&A - Germany’s nuclear exit: One year after—Clean Energy Wire
Fukushima Daiichi Accident—World Nuclear Association
Chernobyl Accident 1986—World Nuclear Association
Nuclear Energy in a Low-Carbon Energy Future—NEI
Electricity Mid-Year Update - July 2024—IEA
What is U.S. electricity generation by energy source?—U.S. Energy Information Administration
How old are U.S. nuclear power plants, and when was the newest one built?—U.S. Energy Information Administration
Global price of Uranium—FRED
Investments Mentioned
Pelican Energy Partners
Sprott Physical Uranium Trust Performance (SRUUF)
GlobalX Uranium ETF (URA)
VanEck Uranium and Nuclear ETF (NLR)
Sprott Uranium Miners ETF (URNM)
Sprott Junior Uranium Miners ETF (URNJ)
Related Episodes
469: Which Will Perform Better: Berkshire Hathaway or Utility Stocks?
384: Has a Commodities Bull Market Supercycle Started? If So, How Do You Invest in It?
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