Lagniappe

Keeping an Eye on the (Long-Term) Prize


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As the Stokes Brothers prepare for Mardi Gras in New Orleans, they reluctantly continue their ongoing conversation about the Fed and inflation. They’ll also look at rolling 30-year returns and delve into the legacy of Charlie Munger and the uneasy future of crypto.


Key Takeaways

  • [00:35] - The calm before the New Orleans Mardi Gras storm
  • [03:16] - An update on inflation
  • [09:06] - Shelter and the annualized rate of inflation
  • [13:08] - The worst 30-year return over the past 100 years was a total gain of 850%
  • [17:10] - Our thoughts on Charlie Munger
  • [21:46] - Is the technology behind Bitcoin ripe for disaster?

  • Quotes

    [06:14] - “I think what's happened is the market, on the whole, was surprised, positively, about the strength of the American consumer and the economy in spite of the fact that the Fed raised rates on the most rapid pace in history from basically nothing to where we're at right now. And the economy on the whole really hadn't slowed down.” - Greg Stokes

    [13:08] - “Discussion on markets is an exercise in futility and keeping people invested and towards an objective of long-term planning and discipline is really what this all this is all about.” - Doug Stokes  


    Links

    • Bill McBride: Core CPI ex-Shelter
    • Ben Carlson: Deconstructing 10, 20 & 30 Year Stock Market Returns
    • 3,000 Hit Club from age 27 on
    • Charlie Munger at the Daily Journal Annual Meeting

    • Connect with our hosts

      • Doug Stokes
      • Greg Stokes
      • Stokes Family Office

      • Subscribe and stay in touch

        • Apple Podcasts
        • Spotify
        • Google Podcasts
        • lagniappe.stokesfamilyoffice.com

        • Disclosure

          The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

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          LagniappeBy Stokes Family Office

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