Hello show notes readers!

This time we dive into markets, media, and misinformation. We discuss TSMC’s record setting Arizona fab and its impact on semiconductor production, national security, and the Pheonix water market. 

I tell Dan why the Schiller PE ratio has been haunting me, as we ponder its historical significance and what today’s elevated levels might mean for the economy. Are we due for a downturn? Is it time to adjust your investments?

On the cultural front, I shares insights from Neil Postman’s Amusing Ourselves to Death, sparking a discussion on the perils of media overload, misinformation, and what it takes to inoculate ourselves against disinformation in the TikTok era.

Like the perception of their quality, we take a dive into the broken incentives at Boeing, the importance of innovation over shareholder value, and the role of corporate bonds in stormy economic skies. 

What the AI Reviews are Saying:

"With humor, wit, and plenty of tangents, this episode is a must-listen for anyone curious about the intersection of markets, technology, and modern life." - GPT 4o

Companies Discussed:

• TSMC
• NVIDIA
• Apple
• ASML Holdings
• Boeing
• Airbus
• Embraer
• Bombardier

Books Recommended:

• Dark Matter by Blake Crouch
• Amusing Ourselves to Death by Neil Postman
• Wayward Pines Series by Blake Crouch 

Chapters:

00:00 Market Movements and Economic Insights
04:15 TSMC's Advancements, Water Usage and Environmental Concerns
09:12 Literature Recommendations and Reflections
11:50 Media Consumption and Information Overload
14:51 The Role of Education in Critical Thinking
17:33 Misinformation vs. Disinformation
20:26 The Evolution of Television and Entertainment
22:52 Personal Reflections on Media Consumption
32:04 Understanding Market Indicators and Valuations
34:46 Investment Strategies in a High PE Environment
38:03 Debt vs. Equity: Navigating Asset Classes
41:43 Evaluating Corporate Bonds and Recession Risks
43:45 The Future of Major Corporations: Boeing and TSMC
48:34 The Disconnect in Corporate Incentives
52:10 Speculating on Future Trades and Investments