Houses have never been more or less affordable, depending on who you ask.
On the one hand, we can point to charts like this and say that the cost of servicing your debt, the biggest piece being housing, has never been lower.

BREAKING: This is an absolutely amazing chart of just released #Fed data. The percentage of earnings that US households are spending on debt payments has collapsed pic.twitter.com/ivjmasHMhQ
&mdash; ...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/16/debt-payments-have-collapsed/">Debt Payments Have Collapsed</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Debt Payments Have Collapsed

A billion-dollar valuation for a private company used to be so special that they had a special name for it. A unicorn.
But what used to be extraordinary is now commonplace. More private companies are running a four-minute mile than ever before.
In The State of Venture, CB Insights shows there were 136 newly minted unicorns in the second quarter. This is 167% more than the previous quarterly record.

With the amount of mon...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/15/there-is-so-much-money-sloshing-around/">There is So Much Money Sloshing Around</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

There is So Much Money Sloshing Around

Today’s Animal Spirits is brought to you by Masterworks. Go to Masterworks.io/Animal to skip the waitlist.

On today’s show we discuss:

Is the Roaring 20s kind of already here?
Bob Burgess Tweet &#8211; Household Debt Service as a % of Disposable Income
95% of workers want to change jobs, lol
Subway and train traffic still way down
Baby Bust
Cash is disappearing
Rewards for staking
The risks of providing liquidity
Da...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/14/animal-spirits-high-school-reunion/">Animal Spirits: High School Reunion</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: High School Reunion

The stock market is acting weird.
The S&amp;P 500 seems to make an all-time high every day. That&#8217;s the good news. The potentially bad news is that fewer and fewer stocks are leading the charge.
Here&#8217;s the data.

There have been 321 new all-time highs since 2007.
75.6% of S&amp;P 500 stocks were above their respective 50-day moving average on those days.
Since the early 2000s, there has never been a day where t...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/13/the-stock-market-is-outperforming-most-stocks/">The Stock Market is Outperforming Most Stocks</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

The Stock Market is Outperforming Most Stocks

Today’s Animal Spirits is brought to you by Jensen Investment Management

On today’s show we discuss:

Why should quality companies earn excess returns?
Why has quality traded at a discount?
How to buy growth stocks without overpaying, and much more

Listen here:

Investor resources:

About Jensen
Why concentration may not mean more risk
Quality investing headwinds



Follow us on Facebook, Instagram, and YouTube.
...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/12/animal-spirits-quality-value/">Animal Spirits: Quality Value</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: Quality Value

Articles
Multi-trillion dollar asset managers are an easy scapegoat to pin blame on (By Coby Lefkowitz)
All we have to work with at any given moment in time is what’s in front of us (By Dave Nadig)
The meme battalion becomes a meme brigade (By Drew Dickson)
History is the only evidence we have to test our ideas about how the world works. (By Mathew Klein)
A corporation that operates against my best interests has me thin...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/11/these-are-the-goods-225/">These Are the Goods</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

These Are the Goods

$431,000,000,000,000
That&#8217;s the total global net worth, according to Boston Consulting Group.
As we know, a small percentage of the population controls a large portion of this pie. For example, 60,000 people have $100 million or more. They represent 0.0008% of the global population but control 15% of investable assets.
Cap Gemini&#8217;s most recent World Wealth Report looks within the millionaire cohort to see wha...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/10/theres-a-lot-of-wealth/">There&#8217;s A Lot of Wealth</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

There’s A Lot of Wealth

I love reading pieces that challenge your beliefs or the prevailing narrative. Something landed in my inbox recently that did both of those things.
Much has been made over the Blackstones of the world and the impact that they&#8217;re having on the housing market. Home prices, as you&#8217;ve probably noticed, are on fire.

In Are Private Equity Firms to Blame for Rising Home Prices? Coby Lefkowitz gave some background on...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/08/whos-driving-up-home-prices/">Who&#8217;s Driving Up Home Prices?</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Who’s Driving Up Home Prices?

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:

How long do bear markets last?
Robinhood&#8217;s S1 is really something else
Robinhood has 18 million accounts
A lesson in meme finance
The pandemic forced a lot of people into an early retirement
$35 Trillion Giveaway
9 Million Americans didn&amp;#82...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/07/animal-spirits-35-trillion-giveaway/">Animal Spirits: $35 Trillion Giveaway</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: $35 Trillion Giveaway

Only ten players in the NBA are on the top 10 list. The Portland Trail Blazers have one of these guys, and his name is Damian Lillard.
The NBA is a superstar league. You can&#8217;t win a championship without one. So if there is an opportunity to get one of these players, you do whatever you gotta do to get one.
The Knicks have emerged as one of the possible destinations. Okay fine. People on the internet are just making ...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/07/07/forget-the-bulls-watch-the-bears/">Forget the Bulls, Watch the Bears</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.