Kevin Kneafsey PhD

The Bull and the Bare Truth

Business EN ↓ 9 episodes

On the Bull and the Bare Truth we seek to cut through the bull to get to the bare truth. I try to share thoughts that I think are largely missed by the market. My hope is that these thoughts inspire new thoughts from you. kevinkneafsey.substack.com

Author

Kevin Kneafsey PhD

Episodes

Podcast Episode 9: Diversification and Correlation 17.06.2026 36:07

In this episode we discuss what investors want for their portfolios, diversification and why they are likely to be disappointed chasing uncorrelated assets. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit kevinkneafsey.substack.com

Podcast Episode 8: Liquidity 22.05.2026 30:44

In this podcast we explore what liquidity in financial markets means and importantly how and why the premium paid to holders of illiquid assets is misunderstood. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit kevinkneafsey.substack.com

Podcast Episode 7: NPV as a Simple Model of the Economy 08.05.2026 41:29

In this episode we build on the paper NPV and a Simple Model of the Economy by eliminating the math and using a simple analogy to draw out in the intuition about how the economy works. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit kevinkneafsey.substack.com

Podcast episode 6: Private Credit, Private Equity and Simple Math 06.04.2026 36:18

There are three important points missing from the discussion about private credit concerns. 1) What structurally should make us worry about private credit? 2) How does private equity's use of private credit make the problem worse? 3) How has taking money from individual investors exacerbated the troubles for private credit? This is a public episode. If you would like to discuss this with other sub...

Podcast episode 5 - The Six Golden Rules for Allocating Your Assets 25.03.2026 46:00

Once you decide to invest, the next most important decision is how to allocate your assets between stock, bonds, real estate, commodities, ... Here are 6 golden rules for doing exactly that. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit kevinkneafsey.substack.com

Podcast Episode 4: The S&P 500 is not what you think it is 23.02.2026 41:27

This is based on two of my substack pieces - "What if we Pretend that Passive Investing is Investing" and "Afraid of the Mag7: An S&P 500 Substitute" This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit kevinkneafsey.substack.com

Podcast Episode 3: How to Unstick the Stuck Housing Market 21.01.2026 51:47

This goes along with the paper How to Unstick the Stuck Housing Market, the Addendum and the error correction This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit kevinkneafsey.substack.com

Podcast Episode 2: Thoughts on Gold 09.12.2025 40:14

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit kevinkneafsey.substack.com

Podcast Episode 1: Is that Pig Wearing Lipstick? 29.10.2025 48:01

This is a rough maiden voyage of a podcast version of the first substack post. The goal of the podcast is to break things down a bit more to make this more accessible to a broader audience. Your feedback help to make this much better. Suggesting that I get a voice transplant is fair game. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus epis...