Narratives Up, Facts Down

Skippy goes straight Limitless — he had a reading extravaganza these week and brought it to the pod. The episode kicks off with listener mail to give some thoughts on where to push long term cash. This leads to a reflection on the 22 year old prediction of Dow 36,000.

Then comes a barrage of quick hit topics: MicroStrategy & Bitcoin, the China crackdown continues, Walmart doesn’t actually accept Litecoin, states and pay transparency, the ESG investing compensation machine, how gas stations make money, what it will take to retire, Ray Dalio and Bitcoin, the Cyberkong NFT…was Second Life right?, Buy Now Pay Later (BNPL), shipping clogged up in Southern California, and teaching personal finance in schools via stock picking.

Last, a couple non-quick hits are how narratives impact valuations and the art of keeping things simple.