Skippy & Doogles Weekly: The $40B Racket Parents Keep Funding 🎯
🔥 Market Take of the Week
There’s a difference between good assets and good allocations. You can hold winners and still go broke if you bet too much—or nothing if you size too small. Asset selection gets headlines. Allocation builds wealth.
🎙 This Week’s Podcast — Episode 235: “Youth Sports Are a $40B Racket — And Other Ways We Misallocate Money” (Listen: Apple, Spotify)
From $300 hotel rooms for 12-year-old baseball games to the real cost of going “all in” on one investment, this episode uncovers all the ways we misallocate money—emotionally and mathematically. Here’s what’s inside:
Youth sports are a private equity goldmine — and a financial treadmill for parents
The death of partying: Why fewer kids are socializing (and it might be our fault)
"The Missing Billionaires" book — what happened to the Vanderbilt fortune? And Victor’s interview with Meb Faber
📊 Investing Insight of the Week
The classic 60/40 portfolio worked… until it didn’t. As Victor Haghani puts it: assets aren’t overvalued—they just are. But future returns? That’s where the real signal lies. Ignore expected outcomes at your own risk.
🚀 Round the Horn
Vanguard dives in to the advisory business
What even are ETFs these days?
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Got thoughts? Email us at skippydoogles@gmail.com 📧
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