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Today’s Animal Spirits is sponsored by Nuveen and YCharts:

This episode is sponsored by Nuveen. Invest like the future is watching. Visit https://www.nuveen.com/future to learn more.

This episode is sponsored by YCharts. Register for the November 19th webinar with Nick Maggiulli here: WEBINAR REGISTRATION and get 20% off your initial YCharts Professional subscription HERE when you start your free YCharts trial through Animal Spirits (new customers only).

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Animal Spirits:

On today’s show, we discuss:

• Why We Could Use a Good, Long Bear Market

• Debunking the Silly “Passive is a Bubble” Myth

• Never Go Full Weimar

• The Short Sellers, Against the Rules: The Big Short Companion

• Boomers Are Passing Down Fortunes — And Way, Way Too Much Stuff

• Jeff Bezos Creates A.I. Start-Up Where He Will Be Co-Chief Executive

• Jerry Neumann on the Problem With Investing in AI Right Now

• Cliff Asness Says AQR IS Exploring a Push Into Sports Betting

• Are We Going Too Far?

• Americans with six-figure incomes are in ‘survival mode’

• Here Are the New Contribution Limits for 401(k)s, IRAs in 2026

Charts:

Tweets/Bluesky:

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Recommendations:

• Death by Lightning

• A Night to Remember by Walter Lord

Contact us at animalspirits@thecompoundnews.com with any feedback, recommendations, or questions.

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Check out our t-shirts, coffee mugs, and other swag here.

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