How risk perceptions and actions have changed over several years of the pandemic. How the pandemic's impacts continue to affect politics, the economy, financial markets, how we invest, and our personal lives. Topics covered include: Is the pandemic really over?What percentage of people continue to isolate at homeHow behaviors such as eating out and visiting friends have changed throughout the pandemic.How work has changed with the pandemicHas pandemic stimulus changed beliefs about the sustainability of the national debt leading to structural inflationHow productivity improvements could improve the national debt burdenWhat investment lessons has David learned from the pandemic For more information on this episode click here. Sponsors LinkedIn – Post your job for free Express VPN – get three months free on VPN service Show Notes Biden’s claim that ‘pandemic is over’ complicates efforts to secure funding by Dan Diamond—The Washington Post COVID-19 Dashboard—The Center for Systems Science and Engineering at Johns Hopkins University Axios/Ipsos COVID-19 Poll – Wave 70, September 9–12, 2022 Study: 163 Million People Dine Out at Least Once a Week—QSR Magazine U.S. Return-to-Office Rates Hit Pandemic High as More Employers Get Tougher By Peter Grant—The Wall Street Journal Reassessing Constraints on the Economy and Policy; Panel Topic: An End to Pre-Pandemic Trends or Just a Temporary Interruption? by Valerie A. Ramey Inflation as a Fiscal Limit by Francesco Bianchi and Leonardo Melosi Related Episodes 333: How The Covid Shock Nearly Destroyed The Financial System 400: What If High Inflation Doesn’t End? Investments Mentioned Simplify Interest Rate Hedge ETF (PFIX) See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Warren Buffet said, "Diversification makes very little sense for anyone that knows what they’re doing." He also said, "Diversification is a protection against ignorance..." Most of us need that protection against ignorance, yet diversification often makes us feel bad when some of our holdings don't do as well as others. We make the case why we should diversify anyway. Topics covered: Warren Buffet says it's crazy to own more than 30 stocks, but Berkshire Hathaway owns 48 stocksWhat does it mean to analyze a businessHow have U.S. stocks performed relative to non-U.S. stocks long-termWhat has driven the outperformance of U.S. stocks and what has to happen for it to continueWhat are examples of diversification plays just in case the U.S. falters For more information on this episode click here. Show Notes Warren Buffett and Diversification—GrahamValue.com The Complete Berkshire Hathaway Portfolio by John Divine U.S. News The Business Cycle Is Different Than The Economic Cycle - Crestmont Research EU Natural Gas—Trading Economics Related Episodes 254: Should You Be 100% Invested In Stocks? 275: Are You Over Diversified? 364: Should You Hedge Your International Stock Exposure Against Currency Fluctuations? Sponsor Masterworks – invest in contemporary art See important Regulation A disclosures at masterworks.io/cd    Since inception, Masterworks has sold six paintings from the collection. IRR is net of all fees and expenses and is presented on a deal-weighted basis, which assumes the same investment amount was made in each applicable offering. In certain cases, Masterworks may concede its fees and/or profit sharing in connection with the sale of a painting for the benefit of the shareholders. Net IRR was calculated assuming all fees and profit sharing to which Masterworks was entitled were charged to the issuer. IRR on sold artwork is not indicative of Masterworks’ overall performance or future results. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.