Doogles wonders if the White House leak of the CPI report is real. Skippy can't believe that Cathie Wood thinks that Zoom growing by 10x is the worst case scenario. Doogles covers a recent post about imitation and counter-signaling. Skippy highlights a Michael Moubassian study on capital allocation by CEOs. The episode wraps discussing performance culture at companies, covid in China, UCLA's decision to leave the Pac 12 and the power of shared accounts for married couples.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

NYC is looking for a rat czar, and Skippy might be interested. Doogles covers Fred Wilson's take on real estate and public stocks. Skippy covers the growing US vs. international stock divide. Doogles gets academic, looking at a KCP blog post on right vs left brain thinking. Blackstone's real estate shenanigans continue. The episode wraps with a convo on inverted thinking, big banks being stingy with savings, and inflation is gonna take awhile.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

There's one week left in the 60% off premium sale! Skippy drops knowledge on the top food joints in America. Doogles walks through an article on how some countries are able to grow out of poverty, while others can't. Skippy tests Doogles' knowledge on industry growth during and post Covid. Listener mail covers (literally) shorting GameStop and Jim Cramer's follies. The episode wraps with a historical take on the impact of inflation on stock market valuations.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

It's Episode 100! To celebrate, for 2 weeks take 60% off premium subscriptions to the show — thank you for supporting!Skippy rants about the "buy more to save more" ethos. Doogles covers Howard Marks' recent memo, What Really Matters. The UN says that India's population is now greater than China's (and China is fading quickly). Doogles runs through some graphs from a recent Animal Spirits podcast episode on the 10-year treasury, savings vs. debt, Netflix vs. Disney, and Bird Global stock. The episode wraps with a conversation about high yield convertible notes.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles covers recent happenings in the South Korean bond market caused by a fiasco at Legoland. Skippy heads back to FTX coverage, including its assets/liabilities and bankruptcy filing. Speaking of fraud, Elizabeth Holmes gets sentenced. Doogles highlights Elon Musk's ultimatum and the Twitter exodus. The episode wraps with some soapbox dialogue on Cathie Wood.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Elon Musk unleashed the blue check mark and the internet goes wild. The crypto exchange, FTX, shows its true colors...and they don't look good. Elon Musk sends his first email to Twitter employees, and no one is happy. Doogles gets up in arms about a blog post about stock based compensation. The episode wraps with Mattress Mack winning big, and WeWork continuing to be WeWork. Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy learns that if you win the lottery, don't tell your family. Skippy and Doogles debate the Alibaba investment thesis. Doogles is way too excited about earnings season, starring Twilio and Meta. Consumer debt and CEO sentiment perpetuate negativity. The episode wraps with a discussion on the Freakonomics episode about personal finance gurus and the current state of worker productivity.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy and Doogles chat with W. David Marx, author of Status and Culture. David discusses what creates status in society, the economics of status, the impact of status on culture, and more. It's a fun and interesting conversation about society.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy and Doogles cover some bear market history to give a sense for how long this thing could last. They review JP Morgan's most recent Guide to the Markets. Skippy highlights the relationship between mental health and toxic work. The episode wraps with a brief rant on Peloton's former CEO's margin calls and a review of Open AI.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Even Taco Bell can't escape this bout of inflation. Doogles can't comprehend how the Wall Street Journal let a recent stock diversification article go to print. Skippy calls out Cathie Wood's open letter to the Fed. Doogles highlights the indirect rebuttal to Cathie Wood by the investment research firm Strategas. The episode wraps with Mark Zuckerberg's failing persistence to be the face of Meta, and two pieces of listener mail.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Ray Dalio steps down from Bridgewater Associates, going out on top. Skippy thinks the UN is out its lane by asking central banks to halt rate increases. GMO has an interesting report on the tie between currency value disparity and investment returns. Doogles quizzes Skippy on best and worst performing stocks year-to-date. The episode wraps with a fantastic piece of listener mail that hits the heart of difficult investor psychology.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy and Doogles release a premium episode hitting on some of their recent buys (you can become premium here). Cathie Wood is back to spewing economic nonsense. Housing remains expensive. Doogles recaps a Mark Suster post on what VC will look like after the crash. Skippy hits on data showing that market sentiment is near all time lows. Doogles covers Howard Marks' recent memo and discusses forecasting. The episode wraps with Annie Duke's new book "Quit."Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy covers a recent study by LinkedIn on the value of weak ties and criticism about the study from a New York Times piece. Doogles enjoyed points raised in a recent post called "What I Miss About Working at Stripe." They then hit on the current state of the market and how they're working through that psychology. The episode wraps with a reminder that stock analysts suck.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Kyle Bass captures the market's state of affairs perfectly on Meb Faber's podcast. Skippy highlights that banks are now losing deposits. Doogles continues to fear how much debt consumers are getting into. Peloton can't make a good decision to save its company, and Patagonia makes a great decision to give away its company. Doogles shines on more Jason Zweig goodness as he writes about international stock bargains. The episode wraps with the inevitable pain that comes with the simultaneous rise in housing prices and interest rates.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles raises up a report by GMO calling for the fall of the "Superbubble". Skippy discusses banks, interest rates, and why big banks aren't keeping up with the rise. Doogles loves Jason Zweig's take on whether pricing power stocks are the way to go right now — exploring the 1970s are a historical case study. The episode wraps discussing the asymmetric world of book sales.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

AMC's executives stay savvy and keep cashing out. Doogles is into Morgan Housel's "Big Beliefs" and simplification. Skippy is not surprised that folks confuse the words of Jason Zweig with Benjamin Graham. Doogles compares the art of writing with investing through Herbert Liu's blog. Skippy highlights the generational divide around "quiet quitting". The episode wraps with a convo on the gender pay gap, revenue increases due only to price increases, 401K nonsense, and the rental to buyer price ratio.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy learns that Kevin Durant is rich. The most creative listener mail to date throws shade at A16Z and Adam Neumann for the recent investment in Flow. Doogles walks through AMC's most recent fundraising jujitsu. Skippy debates Biden's student loan forgiveness executive order. The episode wraps discussing the recent auditing agreement between China and the US, and Mark Zuckerberg on Joe Rogan.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy is fascinated with car wash roll ups. Doogles wonders why Gen Z isn't saving, but is betting big on Bed Bath & Beyond. Skippy puts out a PSA on Dan Price. Doogles highlights Michaels Burry's recent move to sell all his stocks and buy into prison company Geo Group. The episode wraps with Doogles hitting on Klarna's layoffs back in May and Skippy firing off some hot takes on the highest tipping states, the comeback of international stocks, college football's NIL rules and scary worker productivity tech.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles confuses Skippy with an Indian man that sued Indian Railways for $0.25. They review the Inflation Reduction Act. Skippy kicks off a discussion on the low reading levels across America. Doogles wraps the episode continuing the "what's the next surprise" conversation looking at current levels of corporate and consumer debt.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles revisits the discussion around the Fed raising interest rates all at once. Skippy raises the price to sales ratio of the recent purchase of the Denver Broncos. Michael Saylor is out as CEO of Microstrategy. Dollar stores are back in the conversations, quickly becoming the de facto grocery store for folks. Doogles discusses separating signal from noise, using a recent Farnam Street post and tips from Richard Feynman. Skippy is marveled by the UK's ability to precisely predict recessions. The episode wraps with Doogles pontification on what the next market surprise will be.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

The episode kicks off with the White House hedging on the definition of a recession. Doogles covers a post by Morgan Housel about the power of pattern matching. There's a robust conversation about housing — first on the role that government can play in long term housing stability, and then the pain that mobile home park residents are facing. Skippy wraps the episode with developing nations being put into debt, an innovative way to fight global warming, and how Halloween won't be the same this year.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

William Green (author of Richer, Wiser, Happier) joins the podcast for the second time. It's a great conversation where we discuss what he learned since the book was released, what it's like to transition to a podcast format, and reflections on being close to some of the world's greatest investors. It is valuable, enlightening and vulnerable discussion.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy quizzes Doogles on the most beer guzzling US states. Doogles reviews topics covered in the May 2022 Sequoia Capital deck "Adapting to Endure" on the state of things. Skippy rants about Acorns, and wonders what would happen if Powell just raised rates 3% all at once. Doogles highlights investing red flags covered in the Noahpinion piece "BS in Investing". The episode wraps with a list of countries most likely to default and a heap of listener mail on Peloton, Factfulness, Celsius and Stripe.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Post Malone gives Doogles more confidence in the metaverse. Skippy recaps the book "Nickel and Dimed" in a convo about news deserts and socioeconomics. Doogles isn't happy that the crypto crash looks like it's hurting black wealth. Millennials are doing just fine, but are scared about their financial futures. In a hopeful reprieve, some evidence that recent generations are doing better than their parents.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy recaps stock performance for the first half of the year (spoiler alert: it's not good). Doogles is enamored with Radio Shack's tweets. Skippy wonders what's up with people not seeing the Kohl's arbitrage. Doogles hits on highlights from a recent paper on being susceptible to financial BS. Skippy raises the parallels between fame and investing, and then gives in to the fact that some crypto might be a ponzi scheme. The episode wraps with a conversation about Atlassian and Columbia pulling out of the US News college rankings.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles dives into some 2000-2003 stock charts to discuss bear market rallies. Skippy covers another youngmoney.co post on not giving financial advice. Doogles uses a recent Bloomberg piece to highlight the difference between venture capital funds and hedge funds, and how those funds have gotten more conflated as of late. The episode wraps with listener mail about the debt cycle.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles recaps an article from The Atlantic about ending the "millennial subsidy." Skippy discusses the importance of companies adjusting right now to make sure they can last. Doogles gets gleeful about the "crypto winter" and shines a special light on Michael Saylor's continual dangerous pumping of Bitcoin. Skippy brings up a recent interview with Stan Druckenmiller from the Sohn Conference (awesome interview!). The episode wraps with some top notch listener mail — how does Skippy think about companies with debt, and whether bear markets are getting shorter.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

In California, bees are now legally considered fish...Doogles doesn't know exactly how, but he feels that this will somehow bring down the market. Listener mail brings a youngmoney.co post called The Inefficient Market Hypothesis and evidence that people are flocking to dollar stores. Skippy covers a post on how Americans are beginning to seriously spend their excess savings. Doogles isn't happy with people moving less and less, and the potential impact on economic mobility. Skippy wants everyone to know that inflation is a worldwide issue. The episode wraps with two rants — Doogles on Cathie Wood, and Skippy on Joe's Biden take on Exxon.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles recaps a post from The Hustle about people being irrational (especially at Costco) about free stuff. Skippy hits on a CFO survey explaining how folks are thinking about debt, share buy backs and dividends. Investors are flooding into bonds right now. The episode wraps discussing Tommy Hilfiger's recent real estate arbitrage.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles is excited about the optimism that Jason Zweig brings in a recent Wall Street Journal article, and then Skippy rains on his parade. Skippy recaps some analysis on a YOLO portfolio that bought money losers at the end of 1999. Doogles is upset about people calling TerraUSD a blue chip investment. Skippy is angry about the mismanagement of Peloton. The episode wraps discussing how SPACs are completely falling apart, and Michael Moritz's take on the tech rout.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles recaps a great New York Times piece on a who are the rich in America and what creates happiness. Skippy discusses that the biggest market cap companies falling is creating most of the downturn...and he investigates some potential arbitrage opportunities. Doogles pulls highlights from a recent post called "The Market is Wrong Bro" about how we psyche ourselves out when riding market waves. Skippy and Doogles debate the differences between buying stocks and buying companies. The episode wraps with a discussion on Melvin Capital shutting down and Skippy drops some year to date stats.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

The markets continue to fall, setting records held for decades and/or centuries. Skippy and Doogles start with a classic value vs. growth debate on what makes a good buy in a market like this. Then debt continues to pop bubbles — Doogles talks Better.com CEO and his personal loan guarantees, Skippy talks Michael Saylor and Bitcoin, and Doogles rants about buy now pay later. Skippy discusses the reason price divergence in the Terra USD stablecoin (Doogles doesn't get it). The episode wraps with a history lesson on dip buying during the dot com crash, and a discussion on Coinbase's stock plummet and disclosure.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

We have a special guest this episode, Justin Carbonneau of Validea Capital Management and co-host of the Excess Returns podcast. Justin has over 20 years of investing experience and covers a range of topics — the history of Validea, taking emotion out of investing, what's cheap in the market right now, the future of the 60/40 stock/bond portfolio, his favorite investing strategies, Bitcoin, and more. A fun and wide ranging conversation.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles compares Kanye to Twitter. People need to stop buying stock exceptions, as evidenced by over $1 billion lost on options by retail investors during the pandemic. Nasdaq hits a 14 month low, and Skippy yawns. Doogles uses a Bill Gurley Twitter thread to discuss how influential the period is when someone starts investing to their perspective on valuations. Skippy highlights the decreased relative affordability of housing over the last 20 years. The episode wraps with a strategy found on Reddit to have risk-free gains on sports betting apps.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy kicks off discussing how a Harvard student wrote an article that isn't optimistic about her classmates ability to lead. Doogles is fascinated by the divergence between productivity growth and wage growth in the US. Netflix is crashing and Skippy still can't find value there. The episode wraps with a chat about investing time horizons and Biden's decreasing popularity in the midst of spending so much money.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

First up, listener mail on Cathie Wood's permabull status, and some mortgage rates are now below treasuries. Doogles covers a recent Not Boring post called The Current Financial Thing, which transitions into a discussion on the current state of raising venture capital. Elon Musk tries to buy Twitter, and Skippy thinks it is one of the most fascinating situations as of late. The episode wraps with Skippy's surprise at how much money billionaires have saved due to the 2003 tax cut on dividends.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles covers a recent essay by Kenneth French and the 5 things he's learned about investing over the past decades. Skippy gets back on his soapbox about Series I Bonds (and for good reason), and dives into more info on Bill Gross, the "bond king". Doogles thinks that Elon Musk is going to eventually buy all of Twitter. Skippy is fascinated by how much Walmart is willing to pay its truck drivers. The episode wraps with a discussion on Robinhood's business model and what's happening with housing.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Listener mail points to a story of a man selling his JPEG rock for one millionth of his intended price. Doogles gives an overview of a post called "What is Money"? Skippy covers the most popular equities traded today...most of which no one should be trading. The bond market has its worst quarter in over 40 years. The episode wraps with Doogles taunting Skippy over the billionaire tax being back on the table.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles goes over a recent post in Full Stack Economics about how America can't build infrastructure fast anymore. Skippy revives his favorite game, Rational or Irrational, and then parlays that into an overview of a Time article about Ethereum's founder. Doogles gives a slow clap for the quasi-reopening of the Russian stock market. Skippy wonders if rising mortgage rates will help to cool the housing market. The episode wraps talking about the cash crunch in the commodities market and a celebration of Amazon's 2001 letter to shareholders.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Doogles makes it back from Vegas, and is convinced people are betting mostly with debt. AMC buys a large stake in a gold and silver mining company (?!). Skippy stays bullish on Alibaba (BABA), and wonders whether the thesis applies to other beaten down stocks with 1 billion plus users. Doogles points out that El Salvador's bitcoin experiment is not going well. Skippy quizzes Doogles on the hottest cities for college graduates. All praise that interest rates are finally going up. The episode wraps with covering how home value increases from last year outpaced average wages in the US, and a professor reps baby bonds to combat inequality.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy starts off with catching falling knives and the continued cheapness of Alibaba (BABA). Doogles gives some background on the nickel crisis and what this might mean for further damage in the auto industry. Skippy yells at politicians, especially Bernie Sanders who wants to stop oil companies from making money. Doogles walks through a Morningstar article about women and investing — and how sexist the investing community is. Skippy recaps a Columbia University post about faulty data in US News and World Report. The recent Bed, Bath and Beyond stock resurgence confuses Doogles. Skippy summarizes why people quick their jobs, and then the episode wraps with some non-US stock highlights by Doogles.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Skippy kicks off with some highlights from the NFL Combine and their fashion. Doogles pivots to the Russian stock market closure and the high percentage of investments Russians have (had?) in their own market. Some quick hits on China — 1) them asking Russia to wait on the Ukraine invasion until after the Olympics and 2) their annual economic plan. Skippy covers car dealerships and how they don't want to take cash deals anymore because it brings down profits. Doogles wishes he could've been equity brothers with Buffett, who just bought more Occidental Petroleum (OXY). Doogles triples down on his recent stay invested pleas, highlighting a recent JP Morgan piece stating the same. The episode wraps with a convo on equity insurance and black swans.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].

Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected] Doogles kicks off with a celebratory hooray about the US Women's National Soccer Team getting a taste of victory with well deserved backpay, Skippy and Doogles discuss Russia and Ukraine. The show focuses on the potential economic and investing impact (and specifically SWIFT) of what is happening to the Ukrainian people, but their hearts and minds are with the people themselves. They then discuss market reversals and Charlie Munger's recent Daily Journal meeting. Skippy continues the dollar store war discussions with Family Dollar's recent rat infestation issues. Doogles raises a recent piece on Peloton's irrational growth expectations, and the episode wraps with a few quit hit items from Skippy.

Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected] episode kicks off with listener mail on the 'ultimate portfolio' (Skippy and Doogles disagree) and some inside scoop on European stocks trading for the cheap. Doogles raises a recent Bitcoin heist arrest of a terrible amateur rapper. Skippy brings up another example of the cheap stuff catching up to growth — Hilton vs. Zoom. Doogles discusses a tweet storm about how terrible individual investors usually are. Skippy celebrates that the Fed FINALLY bans stock trading for its governors. The episode wraps with a convo about US compensation of Olympic medal winners.

Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected] kick off with some hilarious listener mail — a recent tweet from Aaron Levie re Zuck. Doogles follows up on his VTI research from last week re staying invested. Skippy drops knowledge on the trucking industry. Doogles highlights some interesting research about guaranteed income and UBI. Skippy and Doogles share a nonsensical audio clip about only investing in America and then discuss European value. Skippy raises increased chatter about banning Congress from trading stocks. Doogles rains praise on financial and energy stocks returns year to date. Skippy wraps the episode with a discussion about the economics of Spotify.

You can get more details about the show at skippydoogles.com, show notes on our Substack, and please send comments or questions to [email protected] episode kicks off with two pieces of listener mail — one on the 35 year old Big Mac Index, which gauges currency valuations off of the relative cost of a Big Mac in different countries; and wild ride the market took this week as demonstrated by Snap's earnings swing. Doogles discusses how Kansas is trying to give away free land. Skippy relates that to how Woodside, CA is claiming that their land is a mountain lion habitat. Doogles does some analysis to engrain in folks the need to stay invested — losing even just a couple of the best performing days will take a big chunk out of your investments. Skippy discusses a recent book that he didn't enjoy (The Dao of Capital), though he does think the psychology around Black Swans rasied in the book is worth while. The episode wraps talking about the Wordle acquisition, and a couple value investing-related quotes.

You can get more details about the show at skippydoogles.com, show notes on our Substack, and please send comments or questions to [email protected] kicks things off with listener mail — Ford is having so much demand that they needed to cancel pre-orders, so watch out Tesla. Doogles taps Farnam Street for some wisdom on not setting ourselves up to fail, and relates that to reactive hedging in the market. Skippy marvels at the overabundance of parking spaces in the US relative to the number of cars. Doogles rides the abundance track and discusses frothy startup valuations, and how the US wants to be like Sweden per a decade-old study in Americans' perceptions of inequality. The convo wraps with a discussion on some portfolios that have historically done well during downturns.

Doogles kicks things off with some listener mail re Goldman Sachs' outlook on the markets. Skippy recaps the terrible performance of some previous high fliers (Peloton, Docusign, Moderna....etc) over the past week, and Doogles highlights that Nasdaq corrections are very very common. Skippy hits on some great quotes from Howard Marks in his book "The Most Important Thing". Doogles claims victory in calling the SPACtacular disaster that we're now all witnessing, and Skippy points out that GMO is also claiming victory in its permabear status of calling the market crash (for the past 5 years...). Doogles covers recent news on the Microsoft acquisition of Activision, and the Spice DAO overpaying for a rare copy of Dune. The episode wraps with Skippy finding an NFT loophole and touching on the most recent crypto crash.