From 2010 to 2017, the outperformance of growth over value was driven almost entirely by fundamentals. Over the past few years, however, the lead widened almost entirely due to investor enthusiasm.
From Michael Cembalest and the team at J.P. Morgan
From 2010 to 2017, relative P/E multiples were stable even as growth outperformed value. This reflects a
growth stock rally that was driven by much faster earnings growth. In o...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/16/fundamental-growth/">Fundamental Growth</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Fundamental Growth

Today’s Animal Spirits is brought to you by BlockFi

On today’s show we discuss:

95% of Bitcoin is controlled by 2.4% of accounts
Gas fees on the Ethereum blockchain
Crypto shadow banking explained
Packy McCormick explains BlockFi
Why I&#8217;m having trouble holding

Listen here:

Tweets:

Every day #Bitcoin  stays around $60k, the total market cap grows by ~$54MM.
When Bitcoin&#039;s price is flat it’s market ca...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/16/animal-spirits-the-biggest-week-for-crypto/">Animal Spirits: The Biggest Week For Crypto</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: The Biggest Week For Crypto

&#8220;Wait until the competition comes in&#8221;
&#8220;The valuation doesn&#8217;t make any sense&#8221;
&#8220;Fees are going to come down&#8221;
This is the bear case for Coinbase, and it seems a little too obvious if you ask me.
We&#8217;re going to get into all of this live at 4:30 on YouTube with special guest Packy McCormick. Tune in!

...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/14/should-i-buy-coinbase/">Should I Buy Coinbase?</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Should I Buy Coinbase?

It seems corporate America has adopted MMT. At least that&#8217;s the conclusion you could draw by looking at this chart below.

And if that was your conclusion, then the implications are clear; The stock market is a house of cards.
Thanks to a new report from Michael Mauboussin and Dan Callahan, we know that there is more to the story than meets the eye. What&#8217;s really going on in this chart is the rise of intangibl...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/14/money-losing-companies-hits-record-high/">&#8220;Money Losing Companies Hits Record High&#8221;</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

“Money Losing Companies Hits Record High”

Today’s Animal Spirits is brought to you by YCharts

Mention Animal Spirits to receive 20% off when you initially sign up for the service
On today’s show we discuss:

Investors put more money into stocks last week than they did in all of the 20th century
Index funds are worse than Marxism
The biggest ETF launch ever
Real estate expert Bill McBride agrees with Ben
Some good things are happening for the bottom half of...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/14/animal-spirits-a-shortage-of-workers/">Animal Spirits: A Shortage of Workers</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: A Shortage of Workers

Articles
Of course, we thought our work was unique and valuable. But to prospective investors it looked neither new nor unique. (By Neckar Value)
Momentum and growth are very different from each other (By Jack Forehand)
Some Wall Street firms are sharper than others (By Simon Lack)
Buying and selling risk can be a profitable business, although it’s not as profitable as it used to be (By Marc Rubinstein)
Startups themsel...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/11/these-are-the-goods-212/">These Are the Goods</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

These Are the Goods

Read this and tell me if anything seems off to you.
The growing popularity of cryptocurrency means there are hundreds of opportunities to choose from, but no matter how tempting it is to buy a partially inflated coin or invest in a minor one with big expectations, only a few cryptocurrencies really offer good investment opportunities.
The market is incredibly volatile and risky so it’s essential to read up on the fundam...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/10/rise-of-the-machines/">Rise of the Machines</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Rise of the Machines

Animal Spirits: Listener Mailbag

Today’s Animal Spirits is brought to you by NaviPlan by Advicent
On today’s show Ben and I answer listener questions on:
-Investing
-Personal finance
-Real estate, and much more
Listen here:

Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.
Follow us on Facebook, Instagram, and YouTube.
Check out our t-shirts, stickers, coffee mugs, and o...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/09/animal-spirits-listener-mailbag-2/">Animal Spirits: Listener Mailbag</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: Listener Mailbag

Well, that was fun. Here is a look at my Top Shot account.*

I wrote about my experience with this platform a few weeks ago, right as the hype cycle hit its apex. Oops. I didn&#8217;t know that was the top, but I did know the pace it was on couldn&#8217;t continue.
I’m having a lot of fun playing this game, but I know it can’t last forever. I mean, literally, it cannot. I bought a CJ McCollum moment for $425 and sold ...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/07/the-bubble-burst/">The Bubble Burst</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

The Bubble Burst

Today’s Animal Spirits is brought to you by Masterworks, sign up here.See important Disclaimer here

On today’s show we discuss:

A16Z on active trading
4 Types of Robinhood traders
Great charts from Phil Huber
Why people plan to die with money
JPMorgan Guide to the Markets
The average net worth of millennials
The generational wealth gap
Are institutional buyers pushing up home prices?
This is not a housing bubble
B...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/07/animal-spirits-housing-bubble-2-0/">Animal Spirits: Housing Bubble 2.0?</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.