How an asset class such as bonds can play different roles in your portfolio depending on your investment philosophy.  In this episode you will learn: What are bonds and how can they be used in investment portfolios.What is interest rate anticipation.Why individuals have an advantage over institutions because they don't have to worry about outperforming a benchmark when it comes to bonds.Why U.S. interest rates could rise and fall from current levels.Why China is unlikely to sell all of its U.S. Treasury bonds.Examples of higher yielding strategies other than bonds that can benefit from falling interest rates. Thanks to LinkedIn and Policygenius for sponsoring the episode. For show notes and more information on this episode click here. [0:20] Generating a return on bonds. [2:22] David explains why his own portfolio has not seen huge success in bonds.[3:56] What is the role of bonds in your portfolio?[6:41] A historical analysis of bonds.[9:55] The advantage of being an individual investor.[10:59] Speculating whether or not interest rates will go up or down.[14:50] The effects of the global economy on US bond behavior.[17:12] Strategies for diversifying your portfolio.[20:49] What to focus on as an individual investor in bonds.[22:19] Comparing the story of the carpenter and the tree to the life of a bond.[24:23] Deciding which path to choose for the use of your bonds.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How venture capital funded startups run up massive losses while justifying premium valuations using creative profitability metrics. These private companies are now going public allowing early investors to cash out with sizable gains. Meanwhile, these new publicly traded companies are added to equity indices, forcing passive managers to purchase them for their index funds and ETFs. In this episode you will learn: How venture capital and initial public offerings work.How many venture capitalists are there and how have they performed.Why do startups stay private for longer and then go public while still incurring massive losses.What is blitzscaling.How startups use creative profitability metrics to attract investment capital at premium valuationsHow the current venture capital regime contributes to income inequality.How to get an allocation to an initial public offering.  Thanks to Policygenius and TripActions for sponsoring the episode. For show notes and more information on this episode click here. [0:19] What are IPOs?[2:12] The growth of new venture capital firms.[5:22] Blitzscaling and the willingness of venture capitalists to initially lose money.[8:33] How start-ups are choosing to exit.[11:18] The cost of going public at premium valuations.[13:26] The social and economic repercussions of blitzscaling.[18:16] How money-losing firms try to create a profit.[19:38] How unprofitable companies convince investors to buy at high valuations.[21:20] How individuals participate in venture capital without investing in an IPO.[24:08] Possible solutions to IPO’s problems.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.