Animal Spirits: How to Pick the Winners

Posted July 31, 2024 by sean

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On today’s show, we discuss:

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Recommendations:

Charts:

Tweets:

HISTORIC: $VOO has broken the all-time annual inflow record for an ETF w/ $50.9b and IT'S STILL JULY. Unreal. Now of course, it could see outflows and un-break record but this Vanguard we talking about = 99% chance it hoovers up more cash Pac-Man style. Legit shot at $100b IMO. pic.twitter.com/yQg5RxkNc2

Eating Too Much 'Boomer Candy' Can Lead to Decay in ETF Returns.. ha, nice headline from @psarofagis who found mostly an inverse correlation bt the yield of an equity ETF and their outperformance over the S&P.

Highest yielders had lowest outperformance rates.. pic.twitter.com/7Hpw9OizLW

New balance ceo reveals over $6b in annual sales, making it the 4th biggest sneaker company by sales. He says growth has been fierce in the last 2 years and the business has doubled. (It’s a private company so we never really knew #s)

A disingenuous take is when someone predicting economic collapse says "I hope I'm wrong, I would love to be proven wrong here."

Ouch!

Twitter’s revenue under Elon has fallen more than NINETY PERCENT:

In Q2 2022, Twitter did $1.2 BILLION in revenue.

This year in Q2 - Elon’s second controlling Twitter - it did $114 million.

The last time Twitter revenue was that low in a quarter was Q1 2013!

pic.twitter.com/YhPxJbtAgp

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