Articles
There are bad things that become bigger problems when you try to eliminate them (By Morgan Housel)
Where the advisor had spotted an investing problem, I saw a much more mundane issue: a savings shortfall. (By Christine Benz)
Secular growth stocks have been dramatic relative underperformers for the last 11 months. (By Gavin Baker)
Scarcity doesn’t matter if no one else wants it. (By Josh Brown)
The more you read...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/23/these-are-the-goods-218/">These Are the Goods</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

These Are the Goods

A trade becomes an investment when it goes against you. Instead of just taking a small loss, people go to extraordinary lengths to justify their original decision. We&#8217;ll look for something, anything, that confirms our priors.
But every once in a while, you buy something as an investment, and it goes so well that it can turn into a trade. That&#8217;s what my experience was like with Bitcoin. I want to share my jour...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/19/my-journey-with-bitcoin/">My Journey With Bitcoin</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

My Journey With Bitcoin

Today’s Animal Spirits is brought to you by Acre Trader, Investing in Farmland. Simplified. Visit acretrader.com to learn more

On today’s show we discuss:

Jeremy Siegel sees 20% inflation over the next 3 years
Barron&#8217;s: Inflation is here and rising
Also Barron&#8217;s: Don&#8217;t worry about inflation
Also also Barron&#8217;s: The economy is humming
Dogecoin outmemeing Bitcoin
There are no more starter homes
...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/19/animal-spirits-a-shortage-of-everything/">Animal Spirits: A Shortage of Everything</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: A Shortage of Everything

Inflation is the word du jour.
The cover story in this weekend&#8217;s Barron&#8217;s was Inflation Is Here and Hotter Than It Looks. Why It&#8217;s Time to Worry. 
But people don&#8217;t have to read a financial publication to know there&#8217;s inflation. They feel it all around them, especially business owners. A near-record number of companies plan on raising their prices.

Higher costs are bad for consumers but can ...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/18/inflation-doesnt-have-to-crash-the-stock-market/">Inflation Doesn&#8217;t Have to Crash the Stock Market</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Inflation Doesn’t Have to Crash the Stock Market

There are countless people out there who told themselves they were going to buy Bitcoin the next time they got the opportunity to do so at lower prices. I can&#8217;t prove this, but I&#8217;d bet good money that most of them aren&#8217;t doing what they said they were going to do.
If you were too scared to buy on the way up, you&#8217;re definitely going to be too scared to buy on the way down. 
It’s funny how people ...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/17/ill-buy-on-the-next-pullback/">&#8220;I&#8217;ll buy on the next pullback&#8221;</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

“I’ll buy on the next pullback”

Bitcoin looks terrible. You don&#8217;t have to be a Chartered Market Technician to know that at $43,800, this thing is breaking all sorts of trendlines and potential support levels. Technical analysis is nothing more than the study of buyers and sellers, and right now, the sellers have the upper hand. No need to make it any more complicated than that.

Bitcoin momentum has petered out over the last few months, and it&amp;#82...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/16/bitcoin-is-crashing-this-is-what-it-does/">Bitcoin is Crashing. This is What it Does</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Bitcoin is Crashing. This is What it Does

Articles
The Great Online Game is an infinite video game that plays out constantly across the internet (By Packy McCormick)
I think it’s very strange that policy is doing so much to favor monopolistic firms with big profits (By Allison Schrager)
Countries lose reserve currency status over hundreds of years (By Cullen Roche)
How can we truly embrace and celebrate the success of others if we are not at peace with ourselv...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/16/these-are-the-goods-217/">These Are the Goods</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Fear of missing out is a feeling that builds over time. Fear of lower prices happens in the blink of an eye.
It&#8217;s incredible how quickly the tide can come out on some of the most beloved stocks. Things that have done nothing but go up can have their gains vanish before investors know what hit them.
There is serious carnage out there in some corners of the market. For example, Lemonade, Plug Power, and Virgin Galacti...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/14/when-the-musics-over/">When The Music&#8217;s Over</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

When The Music’s Over

On today&#8217;s show we talk with Clay Gardner about how Titan is disrupting mutual funds. For more information on Titan go here

On today&#8217;s show we discuss:

The pros and cons of the retail trading boom
Lessons learned from the buy-side
Avoiding moonshots
One of Clay&#8217;s biggest mistakes
The catalyst for growth&#8217;s selloff

Listen here

Research links

How we&#8217;re investing through inflation
Three thin...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/14/animal-spirits-growth-at-a-reasonable-price/">Animal Spirits: Growth At a Reasonable Price</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: Growth At a Reasonable Price

The most commonly asked question in the Animal Spirits inbox is, &#8220;I&#8217;m saving up for a house. Where do I invest this money in the meantime?&#8221;
There are three things at play here that are driving these questions:
Rates on cash are zero or close to it. With home prices increasing, people feel like their cash just isn&#8217;t cutting it. But the biggest driver behind this question is that stocks have done not...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/13/10-questions-people-only-ask-in-a-bull-market/">10 Questions People Only Ask in a Bull Market</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.